TOKYO -- The U.S. and Western allies said on Saturday that they would place sanctions on Russia's central bank and remove some Russian banks from the SWIFT global payments system.
Ukraine war
Removal of Russian banks from SWIFT system: 5 things to know
Russian financial institutions handle about $46 billion of forex transactions a day
SWIFT handles 42 million remittances per day, of which Russian financial institutions accounted for 1.5% as of 2020. © Reuters
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