Joe Biden is seriously weighing whether to support expelling Russia from SWIFT but has yet to make a final decision, multiple people familiar with his thinking say
The decision to trigger the action has always been contingent on sign-off by the European Union, which has been split in a contentious debate for weeks over the action, ultimately choosing not to go forward this week.But US officials and their EU counterparts have continued to weigh options, including removing individual banks and entities, instead of the entire Russian economy, from the network, officials say.
Read MoreThe administration has discussed the matter with the Federal Reserve, which would have a stake in any decision, according to an official. And US officials have been in talks with the EU about a possible move. One administration official said additional sanctions were likely to come if Kyiv, the besieged Ukrainian capital, fell. But it wasn't clear if that would include SWIFT, or whether removing Russia from SWIFT might happen before.
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