I see more toothless sanctions incoming…
From the FT:
World leaders divided on whether to eject Russia from Swift payment system
"Boris Johnson, UK prime minister, is pushing “very hard” for Russia to be ejected from the Swift international payments system, a move that would deliver a heavy blow to the country’s banks and its ability to trade beyond its borders.
However, Olaf Scholz, German chancellor, warned Johnson on Thursday that his country would not support such a dramatic move and neither would the EU, according to officials close to sanctions negotiations. A German official declined to comment, saying only that “all options are still on the table”.