Germany has agreed to disconnect Russia from the SWIFT international banking system Lithuanian President Gitanas Nauseda said in a Saturday press conference.

The news – which the Lithuanian president described as "a major step forward" – comes following a meeting between Nauseda and German Chancellor Olaf Scholz Saturday.


"We have acknowledged that our fellow colleagues are now seeing things in a different way," the Lithuanian president said. "The process has already started.

"Several months ago only the Baltic States and one other state supported the disconnection of Russia from Swift," he continued. "Today, the majority of countries support this step and I know that Germany is also getting ready to disconnect Russia from Swift. It is a major step forward."


Russia launched a full-scale invasion into Ukraine Thursday and Western nations have responded with a litany of severe sanctions against not only Russian banks and businesses but against Russian President Vladimir Putin.

Ukrainian President Volodymyr Zelenskyy has repeatedly called for Russia’s removal from the SWIFT international banking system – a move that would essentially bar Moscow from top financial networks.

The international program allows banks worldwide to securely and efficiently communicate with one another and it facilitates trillions of dollars worth of cross-border transactions.


But in the second round of sanctions announced by the U.S. and European Union earlier this week, a SWIFT ban was not included – largely because top EU nations like Germany reportedly opposed the push.


In another stance reversal, Scholz agreed on Saturday to send defensive military aid to Ukraine as Russian forces continue to pummel the nation.

"The Russian invasion marks a turning point. It is our duty to support Ukraine to the best of our ability in defending against Putin's invading army," the German chancellor said in a tweet. "That is why we are delivering 1000 anti-tank weapons and 500 stinger missiles to our friends in Ukraine."


https://www.foxbusiness.com/markets/ukraine-invasion-germany-prepares-disconnect-russia-from-swift-lithuania-president-says

Mynd44 Lalasticlala Seun

The world can't wait..
Putin is Evil and must be cut off from the world..

FERNANDEZISBACK:
The world can't wait..
Putin is Evil and must be cut off from the world..

lol...this guy sef.. Ukraine is winning the war on nairaland , CNN and twitter... Anything usa do is in their own selfish interest this war could be avoided but no they refuse for their own interest of having a base near Russia

dvkot:
lol...this guy sef.. Ukraine is winning the war on nairaland , CNN and twitter

K

FERNANDEZISBACK:
The world can't wait..
Putin is Evil and must be cut off from the world..

mumu raise to power 2

yrex01:
mumu raise to power 2

Thanks for the compliment..

poor Ukraine used as sacrificial lamb.... Russia doesn't want NATO forces close to their borders...Poland was allowed because poland-russian border is not an access to mainland Russia...secondly the west and the Americans are likely to hurt or make Russia uncomfortable if they have forces close to Russia... Ukraine is still a member of Commonwealth independent state(CIS) along side Russia,Moldova and others...so why want to bring the enemy close to the border of your "powerful" member?...the west,the Americans and the Russians all have motives... Ukraine is just caught in a cross fire..The west and the Americans will continue to report the news as if they are saints...I just pity Ukraine cus they are losing a lot..cus it's Ukraine that is been destroyed...Russia is at peace...you no dey fight for your house and expect say u no go lose property...good luck to all of them Sha...THEY ALL HAVE MOTIVES...fight for world power,when you didn't create the world

dvkot:
lol...this guy sef.. Ukraine is winning the war on nairaland , CNN and twitter... Anything usa do is in their own selfish interest this war could be avoided but no they refuse for their own interest of having a base near Russia

you're definitely IPOB or her sympathizer.
Abule Egba Analyst!