U.S., EU to exclude some Russian banks from key int'l payment system

The United States and the European Union said Saturday that selected Russian banks will be removed from a crucial global international payment system, the latest in a series of sanctions in response to Russia's invasion of Ukraine.Some European countries such as Germany had been cautious about cutting Russia off from the so-called SWIFT system due to possible repercussions they may face if trade halts with Moscow, but they apparently feel the need to show a tougher stance against Russia's chilling military aggression against its neighboring country."Russia's war represents an assault on fun…READ FULL ARTICLE