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West Inches Closer to ‘Financial Nuclear Option’ of Ejecting Russia From SWIFT

By Tom Ozimek

Western partners are inching closer to ejecting Russia from the SWIFT global interbank payments system over the Kremlin’s aggression in Ukraine, according to Lithuania’s prime minister.

“Our goal is that the decision is taken as early as possible. I cannot give a particular date. From what I’m hearing it seems that there is no strong opposition left,” Lithuanian Prime Minister Ingrida Simonyte told a news conference on Feb. 26 in Vilnius.

Spurred to action by Russia’s large-scale invasion of Ukraine, Western leaders have pressed ahead with a raft of tough sanctions this week, including targeting Russian banks and restricting the country’s ability to raise capital in international markets…

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