Politics

Japan To Join US, European Allies In Blocking Key Russian Banks From Swift

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Japan has decided to join the United States and European allies in removing selected Russian banks from the SWIFT international financial messaging system, Japanese Prime Minister Fumio Kishida said Sunday.

Japan will also freeze assets of President Vladimir Putin and other top Russian officials, while sending $100 million in emergency humanitarian aid to Ukraine, Kishida told reporters.

“The Russian invasion of Ukraine is a unilateral attempt to change the status quo and the act shakes the foundation of the international order. It’s an outright violation to international law and we strongly denounce the act,” Kishida said. “Japan stands by the Ukrainian people who are fighting hard to defend their sovereignty and territory, their homeland and families.”

SWIFT provides messaging services to banks in over 200 countries, and is controlled by the central banks of the 11 nations of the G-10, Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, the United States, Switzerland and Sweden.

Japan’s move comes as Ukraine fights against invading Russian force… (Read more)

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