So now the story has completely changed.
Before it was definitely happening and now it's not.
https://edition.cnn.com/2022/02/25/business/swift-russia-putin/index.htmlThe West could still kick Russia
out of SWIFT as the 'last resort'
By Charles Riley, CNN Business
Updated 1207 GMT (2007 HKT) February 25, 2022
The United States and the European Union held back from cutting Russia off from SWIFT, a high security messaging network that connects thousands of financial institutions around the world, after failing to agree on a step that some have called the "nuclear option." It would damage Russia but also big economies in Europe.
Ukraine appealed for Russia to be removed from SWIFT after President Vladimir Putin ordered an invasion on Thursday. The call from Kyiv was backed by Lithuania, Estonia, Latvia and the United Kingdom but other European countries resisted.
US President Joe Biden told reporters on Thursday that depriving Russia of access to SWIFT is "always an option." But, he added, "right now, that's not the position that the rest of Europe wishes to take."
French Finance Minister Bruno Le Maire said the measure could still be adopted as the "very last resort." It is "one of the options that remains on the table," he told journalists ahead of a meeting of EU finance ministers.
Germany, which relies on Russian gas to power the largest economy in Europe, is the most notable holdout. Chancellor Olaf Scholz, who earlier this week won praise for halting certification of a new Russian natural gas pipeline, has come under withering criticism at home.
"SWIFT is our sharpest sword," Christian Democratic Union lawmaker Norbert Röttgen said Thursday on Twitter. "The SWIFT exclusion of Russia must not fail now because of Germany!''
The German government said such a move would require careful preparation.
''A suspension of SWIFT would ... have a massive impact on payments in Germany and for German companies doing business with Russia but also to settle energy supply payments — that all would have to be well prepared,'' Steffen Hebestreit told reporters.