Japan will take into account the impact on the market when studying the issue of disconnecting Russian banks from SWIFT

Japan in the issue of disconnecting Russian banks from the international interbank system SWIFT will act in coordination with the West, as well as taking into account the impact on the market. This was stated on Sunday by the head of the Japanese Foreign Ministry, Yoshimasa Hayashi, on the air of the NHK TV channel.

“We are aware that the EU and the US will take such measures. In addition, we are aware that there have been calls from Ukraine for such steps. For our part, we must also act taking into account the impact on the markets,” he said. Speaking about additional sanctions against the Russian Federation due to the military operation in Ukraine as a whole, Hayashi added that Japan will coordinate its actions with the US and the EU in this matter.
Earlier, the European Union, together with the United States, Great Britain and Canada, expressed their intention to disconnect some Russian banks from the SWIFT international interbank system, as well as freeze the assets of the Central Bank of the Russian Federation and prohibit Russian businessmen from using assets in the markets of countries. At the same time, a high-ranking representative of the US administration noted at a briefing for journalists that the West seeks to keep in the SWIFT system those Russian banks through which the bulk of transactions related to the supply of energy resources from the Russian Federation to world markets go.

Steve Walker

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