What is the SWIFT banking system? How would countries remove Russia from it? What effect would that have? The European Union announced Wednesday that it will bar seven key Russian banks from using the ...

Initial economic sanctions against Russia over its invasion of Ukraine did not include a move to sever the Kremlin’s access to the SWIFT international banking system – an omission that has sparked ...

As President Biden and other world leaders mull additional sanctions against Russia over its decision to invade Ukraine, one of the most severe proposals would sever the Kremlin’s access to the SWIFT ...

The United States and the European Union moved quickly to impose economic sanctions against Russia and selected state-owned businesses following Russia's Feb. 24 invasion of Ukraine. One of the ...

Western nations recently cut Russia out of the SWIFT global banking system. But one expert says the initial claims of how damaging it would be for Russia were exaggerated. In reality, Russia has many ...

MAGNITOGORSK, Russia (Reuters) - Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international payments messaging system, the ...

TORONTO (Reuters) - Hackers continue to target the SWIFT bank messaging system, though security controls instituted after last year's $81 million (60.96 million pounds)heist at Bangladesh's central ...

WASHINGTON — World leaders reacted to Russia's invasion of Ukraine Thursday by unleashing robust sanctions on the Russian economy, President Vladimir Putin's inner circle and many of the country's ...

LONDON (Reuters) - SWIFT, the inter-bank messaging network which is the backbone of international finance, said it planned to cut off the remaining North Korean banks still connected to its system, as ...