Russia should not be cut off from SWIFT at the moment - Germany's Scholz

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Germany's Chancellor Olaf Scholz arrives for an emergency European Union (EU) summit at The European Council Building, on the situation in Ukraine after Russia launched an invasion in Brussels, Belgium February 24, 2022. John Thys/Pool via REUTERS

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BERLIN, Feb 24 (Reuters) - Cutting off Russia from the SWIFT global interbank payment system should not be part of the second EU sanctions package against Russia that EU leaders will decide upon at a meeting on Thursday in Brussels, German Chancellor Olaf Scholz said.

"It is very important that we agree those measures that have been prepared - and keep everything else for a situation where it may be necessary to go beyond that," Scholz told reporters, responding to a question on SWIFT, as he arrived to an emergency summit set to discuss Russia's invasion of Ukraine.

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Reporting by Riham Alkousaa and Sabine Siebold

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