ITAR-TASS — SWIFT criticizes European parliament for recommendations to cut Russia off the system

The SWIFT Company described the EU resolution as a discriminatory document and an example of unequal regulation. 

The European Parliament’s recommendations to cut Russia off the SWIFT inter-bank financial system are violating the company’s rules and are causing huge damage to its reputation, SWIFT said in its statement published on Thursday. According to the underlying principles of European law fixed in the EU Charter of Fundamental Rights, the European Union violated the company’s fundamental rights to conduct business and its ownership right by having mentioned SWIFT in its resolution. 

The SWIFT Company described the EU resolution as a discriminatory document and an example of unequal regulation. SWIFT added that EU’s possible actions might cause great damage to the company’s reputation.

ITAR-TASS
SWIFT criticizes European parliament for recommendations to cut Russia off the system

Another Western firm livid over sanctions that hurt them.