The chair of the world’s most powerful financial watchdog has called on global leaders to “think twice” before imposing crippling sanctions on Russia, warning that the most punishing penalties run the risk of undermining global financial stability.
Klaas Knot, chair of the Financial Stability Board, told the Financial Times that suspending Russia’s access to the Swift international payments system, which underpins trillions of dollars of transactions a year, could result in a “severe disruption in payment flows”.
“When applying severe measures, one should always think twice and also be aware of the consequences,” said Knot, who is also head of the Dutch central bank.
您已阅读17%（675字），剩余83%（3284字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。