. World Bank's Will Stop Transaction with Russia
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World Bank's Will Stop Transaction with Russia


The US is calling the choice of Western partners to separate Russian banks from the Swift informing framework "the Iran model".


Iran was cut off from Swift in 2012 as a feature of assents over its atomic program, however a considerable lot of its banks have since reconnected to the framework.


Russian banks cut off from Swift "will currently have to utilize the phone or a fax machine," a senior White House official said. "No doubt, most banks all over the planet will just stop exchanges generally along with Russian banks".


Friday's choice on Swift will be applied to "chose" yet not every Russian bank, and the White House said the European Union will settle the rundown.


"No one but Putin can conclude the amount more expense he will bear," the US said.

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