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From CNN's Kaitlan Collins, Phil Mattingly, and Kevin LiptakUS President Joe Biden is seriously weighing whether to remove Russia from SWIFT,that connect thousands of financial institutions around the world, but has yet to make a final decision, according to multiple people familiar with his thinking.
But US officials and their EU counterparts have continued to weigh options, including sanctions to remove individual banks and entities, instead of the entire Russian economy, from the network, officials say. But since Biden's press conference announcing new sanctions against Russia for its unprovoked attack, the administration appears to be moving closer to this position as other European allies have now given it their backing.
One administration official said additional sanctions were likely to come if Kyiv, the besieged Ukrainian capital, fell. But it wasn’t clear if that would include SWIFT, or whether removing Russia from SWIFT might happen before.
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