Europe unlikely to cut Russia off SWIFT — VTB bank CEO
The European Parliament called on the European Union on Thursday to consider cutting Russia off the SWIFT inter-bank financial message system. ● The European Union will not cut Russia off the SWIFT inter-bank financial system, Andrei Kostin, the chief executive officer VTB Group, Russia's second largest bank, said on Friday. "I think this is not going to happen. I would have called it an act of direct aggression against Russia's financial system with all subsequent consequences. This is a very tough measure," Kostin said at an international investment forum in Sochi.