Market Outlook

World Leaders Divided on Booting Russia from Swift

“Western leaders are split on whether Russia should be ejected from the Swift international payments system, a move that would deliver a heavy blow to the country’s banks and its ability to trade beyond its borders,” the Financial Times reports.

“Boris Johnson, the UK prime minister, on Thursday pushed ‘very hard’ to remove Russia, but he admitted to MPs that it was ‘vital that we have unity’ on the issue among western allies.”

“Olaf Scholz, Germany’s chancellor, warned his country had reservations about such a dramatic move and so did the EU.”

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