SWIFT says it preparing to comply with curbs on Russian banks

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Swift logo is placed on a Russian flag are seen in this illustration taken, Bosnia and Herzegovina, February 25, 2022. REUTERS/Dado Ruvic/Illustration

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WASHINGTON, Feb 26 (Reuters) - The SWIFT international payments system said on Saturday it was preparing to implement Western nations' new measures targeting certain Russian banks in coming days.

"We are engaging with European authorities to understand the details of the entities that will be subject to the new measures and we are preparing to comply upon legal instruction," it said in a statement.

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Reporting by Arshad Mohammed; Writing by Susan Heavey; Editing by William Mallard

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