The EU reports that it has effectively excluded seven Russian banks from the SWIFT system.
(4 years ago)The European Union has effectively expelled seven Russian banks from the SW system IFT, says Periscope newspaper. Among the disfellowshipped banks are: V TB Bank, Bank Otkritie, Novikombank, Promsvyazbank, Rossiya Bank, Sovcombank and VIB, according to a statement from the European bloc. This news has been made known by European Commission chief Ursula von der Leyn. “With speed [...]
Among the disfellowshipped banks are: V TB Bank, Bank Otkritie, Novikombank, Promsvyazbank, Rossiya Bank, Sovcombank and VIB, according to a statement from the European bloc.
This news has been made known by European Commission chief Ursula von der Leyn.
With light speed, the European Union has adopted three waves of severe sanctions against Russia's financial system, high-tech industries and corrupt elite”, it has said.
In addition, Der Leyn, has said this is the largest package of sanctions in European Union history and that this decision is a clear signal to Putin and the Kremlin.
This is the largest package of sanctions in European Union history. Today's decision removes key Russian banks from the SWIFT network and sends another clear signal to Putin and the Kremlin”.
Otherwise, the West is constantly adding their strong economic sanctions to Russia after it launched a full-scale invasion of Ukraine. / PERISCOP