EU to Consider Ousting Russia From SWIFT, Gentiloni Says

The transcript discusses the potential of cutting Russian banks from the SWIFT system, highlighting the debate between those in favor and those against. It outlines the task given to the EU Commission and ECB to assess the feasibility and impact of such sanctions, ensuring they target the intended entities without harming EU economies. Currently, 75% of Russian banks are targeted, and further actions are being considered with careful analysis.

What is the main topic of debate in the UK regarding Russian banks?

• Whether to provide financial aid to Russia

• Whether to impose travel bans on Russian officials

• Whether to cut Russian banks off the SWIFT system

• Whether to increase trade with Russia

Who is responsible for evaluating the feasibility of disconnecting Russian banks from SWIFT?

• The United Nations

• The World Bank

• The Commission and the ECB

• The International Monetary Fund

What is the main concern about using the SWIFT disconnection tool?

• It is too expensive to implement

• It requires approval from all member states

• It might not affect the intended target

• It could backfire on the economies of the Union

What percentage of Russian banks are already being targeted?

• One quarter of the banks

• All of the banks

• Half of the banks

• Three quarters of the banks

What are the Commission and ECB currently doing regarding the SWIFT disconnection?

• Seeking approval from the United Nations

• Conducting further analysis

• Implementing the disconnection immediately

• Negotiating with Russian banks