Zelensky: EU countries to agree on decision to cut Russia off from SWIFT

Ukrainian diplomats have been working around the clock so that European countries could agree on a decision to cut Russia off from the global SWIFT payment system.

Ukrainian President Volodymyr Zelensky said this in his address on Saturday, according to an Ukrinform correspondent.

"It seems that Ukraine has gained the sincerity and attention of the whole normal, civilized world. And the practical result is here -- SWIFT. There's a lot of meaning in this word for the Russian Federation - disconnection from global financial civilization. Our diplomats have been fighting around the clock for all countries in Europe to agree on a very strong and fair decision to cut Russia off from the international interbank network. We also have this important victory," he said.

Zelensky stated that this means billions of losses for Russia. He stressed that this is a concrete price for a vile invasion of Ukraine. "We have always said that the truth is ours, which means that even the greatest achievements are being made," he said.

On February 26, technical preparations began for the decision to disconnect Russia from the SWIFT payment system. The cutoff from SWIFT is called a "nuclear weapon for the economy."