SWIFT said on Tuesday it was waiting to see which banks authorities want disconnected from its global financial messaging system as sanctions in response to Russia's invasion of Ukraine are rolled out.
The European Union, the United States, France, Germany, Italy, Canada and Britain agreed on Saturday to ensure that selected Russian banks are removed from SWIFT to harm their ability to operate globally.Register now for FREE unlimited access to Reuters.com"We are engaging with these authorities to understand which entities will be subject to these new measures and will disconnect them once we receive legal instruction to do so.
The world's financial system is severing ties with Russia and its banks to stop Russian companies raising funds on foreign markets. The London Stock Exchange said on Tuesday it will stop trading in two global depository receipts for Russia's VTB BankHowever, listings on the LSE in Gazprom and Sberbank were still trading and down sharply on the day.
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