Financial TimesFinancial Times

Boris Johnson pushes for Russia to be ejected from Swift payment system

By George Parker, Stephen Morris, Sam Fleming and Demetri Sevastopulo

24 Feb 2022 · 2 min read

Boris Johnson, UK prime minister, is pushing “very hard” for Russia to be ejected from the Swift international payments system, a move that would deliver a heavy blow to the country’s banks and its ability to trade beyond its borders.

However, Olaf Scholz, German chancellor, warned Johnson on Thursday that his country would not support such a dramatic move and neither would the EU, according to officials close to sanctions negotiations. A German official declined to comment, saying only that “all options are still on the table”.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content