Cutting Russia off from SWIFT a matter of days, says euro zone central banker

Published: February 26, 2022 17:57:34 | Updated: February 27, 2022 08:40:11

A decision to cut Russia off from the global SWIFT payment system will be taken in a matter of days, the governor of a central bank within the euro zone told Reuters on Saturday.

"SWIFT is just a matter of time, very short time, days," the central bank governor of euro zone said wishing anonymity, reports Reuters.

"Is it sufficient? No. Is it necessary? Absolutely. Sanctions only make sense if there are costs for both sides and this will be costly," the central banker added.