Cyprus Mail
Banking and FinanceBusinessInternational

EU considering SWIFT exclusion for Belarus banks

swift banking system

The European Union is considering excluding banks in Belarus from the SWIFT messaging system that underpins the global financial transactions, as it has already done for seven Russian banks, an EU official said on Thursday.

“On the SWIFT side, we’re also looking now at the preparation of the equivalents for the Belarus financial sector, but knowing that SWIFT is not as strategically important in the Belarus economy as it is in the Russian side,” the official said.

Related Posts

Limassol aspires to become regional port of choice, says new CEO

Kyriacos Nicolaou

Raj Gokal sees Solana’s potential as the “Apple of crypto “Tradecurve to overtake Binance

CM Guest Columnist

No gas from Aphrodite until 2027, NewMed director says

Iole Damaskinos

Russian clothing brands plug gap left by Western rivals

Reuters News Service

Cyprus Business Now

Kyriacos Nicolaou

Credit Suisse bankers leaving by the hundreds every week

Reuters News Service