U.S., Allies Roll Out Fresh Sanctions on Russia Amid Debate Over How Hard to Hit
Russia’s overnight assault on Ukraine induced a surge of calls Thursday for Western allies to wholly slice Russia off from the international monetary method, but panic of collateral problems is quashing the strategy for now.
U.K. Primary Minister Boris Johnson, at a virtual assembly of leaders from the Team of 7 largest economies, advocated disconnecting Russia from Swift, the economical-messaging infrastructure that backlinks the world’s banking companies. He joined a refrain of other senior officers, together with Ukraine’s major officials, the overseas ministers of Estonia, Latvia and Lithuania, and senior U.S. lawmakers.
