Italy and Hungary have joined the list of countries that support the expulsion of Russia from the global banking network.
In a direct appeal to European leaders, he tweeted on Friday"Each year at commemorative events you say 'Never again.'
"The time to prove it is now. Russia is waging a horrific war of aggression in Europe. Here is your 'never again' test: BAN RUSSIA FROM SWIFT and kick it out of everywhere." However, Hosuk Lee-Makiyama, director of the European Centre for International Political Economy, told the that disconnecting Russia from SWIFT could see the country expropriating money EU investors had put into the country.Update 02/26/22, 10:25 a.m. ET: This article has been updated with further information.A currency exchange office in central Moscow on February 24, 2022 shows the ruble at a record low against the dollar. The Russian economy could be hit even harder as European countries look to kick Russia out of the SWIFT banking system.
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