EU ministers could also discuss new sanctions, as Germany on Saturday paved the way for excluding Russia from the Swift interbank connection system, a move Berlin had so far opposed.
They analyze excluding Russia from the interbank connection system. Photo: Illustrative
European foreign ministers will meet on Sunday at 5:00 p.m. GMT during a video conference to discuss the European Union’s (EU) support for Ukraine in the face of the Russian invasion, several diplomats reported on Saturday.
EU ministers could also discuss new sanctions, as Germany on Saturday paved the way for excluding Russia from the Swift interbank connection system, a move Berlin had so far opposed.
Ukraine calls for Russia to be expelled from SWIFT, but European Union countries such as Germany and Hungary have expressed their doubts for fear that this measure will cause problems in the delivery of Russian gas.
SWIFT, an acronym for the Society for Worldwide Interbank Financial Telecommunication, is a messaging network that enables fast and secure interbank settlement between financial institutions around the world.
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