SWIFT bans, more crushing penalties on Russia
Canada among countries moving to block Russian access to SWIFT
London/New York- A decision by Western allies on Saturday to block "selected" Russian banks from the SWIFT
European Union, US, UK and allies have agreed to exclude a number of Russian banks from Swift
Created in 1973 and based in Belgium
Swift links 11,000 banks and institutions in more than 200 countries
The United Stated and European nations agreed Saturday to impose the most potentially crippling financial penalties yet on Russia
A.U.S. defence official said Ukraine's forces were putting up "very determined resistance"
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