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German government: not aware of plans to readmit Russia to SWIFT banking system

Published by Global Banking & Finance Review

Posted on March 26, 2025

1 min read

· Last updated: January 24, 2026

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German government: not aware of plans to readmit Russia to SWIFT banking system

Germany Denies Knowledge of Russia's SWIFT Readmission Plans

BERLIN (Reuters) - The German government is not aware of any planned changes to European Union sanctions against Russia, a spokesperson said on Wednesday, commenting on Moscow's demand that Russian banks be readmitted to the SWIFT international messaging system.

Asked about the issue at a regular press conference in Berlin, the spokesperson said SWIFT is headquartered in Belgium, meaning it is under EU law.

"I am not aware of any endeavours within Europe to lift these sanctions," he added.

On Tuesday, Russia called for Western sanctions relief as a pre-condition for a Black Sea security deal, including the restoration of links between its agricultural export bank and the SWIFT system.

This follows a push for peace by U.S. President Donald Trump that has unnerved European allies. His administration reached separate deals with Ukraine and Russia on Tuesday.

(Reporting by Andreas Rinke, Writing by Rachel More; Editing by Madeline Chambers)

Key Takeaways

  • Germany is unaware of EU plans to lift Russia's SWIFT sanctions.
  • SWIFT is headquartered in Belgium, under EU jurisdiction.
  • Russia demands sanctions relief for a Black Sea security deal.
  • U.S. President Trump's peace efforts cause European concern.
  • Separate deals were reached with Ukraine and Russia.

Frequently Asked Questions

What is the main topic?
The main topic is the German government's stance on EU sanctions against Russia and the SWIFT banking system.
What is Russia demanding?
Russia is demanding sanctions relief, including readmission to the SWIFT system, as part of a Black Sea security deal.
What is the significance of SWIFT?
SWIFT is an international messaging system crucial for global banking transactions, headquartered in Belgium.

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