Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

The Society for Worldwide Interbank Financial Telecommunication, legally S.W.I.F.T. SC, is a Belgian banking cooperative providing services related to the execution of financial transactions and payments between limited banks worldwide.

 
 
 
 

Reducing Activities: company scaling back some business operations while continuing others

Stay Scaling Back

Shutdown of sanctioned banks from SWIFT.

The Company Statement
March 03, 2022

The EU approved the disconnection of seven Russian banks from SWIFT. Russia has called on the West to ease sanctions as a precondition for a Black Sea security deal, including restoring links between its Agricultural Export Bank and the SWIFT system.

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Statements Archive
March 26, 2025The German government made a statement about the return of the Russian Federation to the SWIFT system
March 26, 2025German government: not aware of plans to readmit Russia to SWIFT banking system
March 19, 2025VTB Bank CEO: Russian banks move beyond SWIFT for stable financial future
February 27, 2022Investors brace for volatility as West moves to cut Russia off from SWIFT
Demand to Leave Russia:Petition text has been copied to the clipboard.
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