“Urgency and consensus are an utmost priority at the moment.” “At this stage it meant no move on SWIFT, because doing so would have such wide-ranging consequences, also in Europe, Reuters reported, citing an EU diplomat.

“We know that cutting Russia off from SWIFT is the 'nuclear option' - appears some EU politicians want to keep hold of that card for now, the EU official added.

Read: EUR/USD meets some support near 1.1200, looks to geopolitics