Swift resists ‘political pressure' to disconnect Russian and Israeli banks
Cooperative says calls for exclusion undermines ‘systemic global character' of its services
Swift, the financial messaging service, today announced it would spurn "political pressure" to disconnect member institutions in Russia and Israel, stressing it has no authority to impose unilateral sanctions.
The member-owned cooperative said it had received "calls to disconnect institutions and entire countries" from its network, describing the pressure and "surrounding media speculation" as threats to the "systemic global character" of its services.
"Swift will not respond to individual calls
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