Russia-Ukraine war: US, EU, UK to sanction Russian central bank, block SWIFT
2 years, 10 months ago

Russia-Ukraine war: US, EU, UK to sanction Russian central bank, block SWIFT

India TV News  

Highlights The measures were announced jointly on Saturday as part of a new round of financial sanctions The central bank restrictions target the more than USD 600 billion in reserves Restrictions were meant to limit Russia's ability to support ruble amid tightening Western sanctions The United States, European Union and the United Kingdom agreed to put in place crippling sanctions on the Russian financial sector, including a block on its access to the global financial system and, for the first time, restrictions on its central bank in retaliation for its invasion of Ukraine. The central bank restrictions target the more than USD 600 billion in reserves that the Kremlin has at its disposal, meant to limit Russia's ability to support the ruble amid tightening Western sanctions. Announcing the measures in Brussels, EU Commission President Ursula von der Leyen said would push the bloc also to "paralyse the assets of Russia's Central bank" so that its transactions would be frozen. "These new sanctions, which include removing several Russian banks from SWIFT and sanctioning Russia's central bank, are likely to cause serious damage to the Russian economy and its banking system," said Clay Lowery, executive vice president of the Institute of International Finance.

Ukraine Financial Sanctions Bank West Central Russian Swift Banks Measures Russia Uk Sanction Russia  bank  sanction  russia  uk  russias  war  financial  russiaukraine  russian  sanctions  eu  measures  central  banks  swift  block

History of this topic

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war
1 month, 2 weeks ago

The biggest remaining unsanctioned Russian bank hit with U.S. sanctions, nearly three years into war

Associated Press  

WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the sanctions targeting Russia’s largest remaining …

Russia's adaptability to US sanctions stymied their effectiveness, economists say
3 months, 2 weeks ago

Russia's adaptability to US sanctions stymied their effectiveness, economists say

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US sanctions hundreds of firms accused of supplying Russia’s war machine
4 months, 2 weeks ago

US sanctions hundreds of firms accused of supplying Russia’s war machine

Associated Press  

WASHINGTON — The U.S. imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia’s war effort and aiding its ability to evade sanctions. Friday’s action is the latest in a series of thousands of U.S. sanctions that have been imposed on Russian …

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets
7 months, 2 weeks ago

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Associated Press  

FRANKFURT, Germany — Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a U.S. proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign assets to the benefit …

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine
10 months, 2 weeks ago

Yellen urges world leaders to ‘unlock’ frozen Russian Central Bank assets and send them to Ukraine

LA Times  

Treasury Secretary Janet L. Yellen has offered her strongest public support yet for unfreezing about $300 billion in Russian Central Bank assets to help rebuild Ukraine. Treasury Secretary Janet L. Yellen has offered her strongest public support yet for the idea of liquidating roughly $300 billion in frozen Russian Central Bank assets and using them for Ukraine‘s long-term reconstruction. “It …

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death
10 months, 2 weeks ago

U.S. Piles New Sanctions On Russia For Ukraine War's 2nd Anniversary, Navalny's Death

Huff Post  

LOADING ERROR LOADING WASHINGTON — The United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The U.S. Treasury Department plans Friday to impose more than 500 …

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?
1 year, 7 months ago

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?

Associated Press  

WASHINGTON — The U.S. and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. Treasury Secretary Janet Yellen said the newest sanctions will tighten the grip on Russian President Vladimir Putin’s “ability to wage his barbaric invasion and will advance …

Zelenskyy calls for confiscating Russian Central Bank funds
1 year, 8 months ago

Zelenskyy calls for confiscating Russian Central Bank funds

Associated Press  

WASHINGTON — In an appeal to the heads of the IMF and World Bank, Ukraine’s president on Wednesday renewed his call to confiscate Russian Central Bank assets held around the world and use them to help rebuild Ukraine. He was patched in for a session with Ukrainian Prime Minister Denys Shmyhal, U.S. Treasury Secretary Janet Yellen, World Bank President David …

US, UK aim sanctions at Russian oligarchs’ finance networks
1 year, 8 months ago

US, UK aim sanctions at Russian oligarchs’ finance networks

Associated Press  

WASHINGTON — The United States and Britain announced new sanctions Wednesday aimed at Russian oligarchs Alisher Usmanov and Roman Abramovich, targeting the financial networks of two of Moscow’s wealthiest businessmen who are close allies of Russian President Vladimir Putin. Blinken alleged that the two organizations “support Russia’s efforts to undermine the sovereignty and territorial integrity of Ukraine through the militarization …

Will Russia sanctions dethrone ‘King Dollar’?
1 year, 10 months ago

Will Russia sanctions dethrone ‘King Dollar’?

Al Jazeera  

A flood of nations is trying to cut dependance on the dollar, fearing ‘weaponisation’ by the US. Now, another war is setting the stage for many countries to explore a move away from the dollar for trade, raising questions over the currency’s future dominance. The financial world’s ‘nuclear option’ The US-led sanctions freezing Russia’s ability to use half of its …

Repercussions of Putin annexing Ukrainian regions: Harder sanctions on Russia from US
2 years, 3 months ago

Repercussions of Putin annexing Ukrainian regions: Harder sanctions on Russia from US

India TV News  

The U.S. on Friday sanctioned more than 1,000 people and firms connected to Russia's invasion of Ukraine, including its Central Bank governor and families of Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia, in defiance of international law. He said the new financial penalties will impose costs on people and companies inside …

EU president Ursula von der Leyen calls for ban on Russian oil imports in new set of sanctions over Ukraine invasion
2 years, 8 months ago

EU president Ursula von der Leyen calls for ban on Russian oil imports in new set of sanctions over Ukraine invasion

ABC  

The European Union's top official says the 27-nation bloc should ban oil imports from Russia in a sixth package of sanctions targeting Moscow for its war in Ukraine. Key points: The EU president called for crude oil imports to be phased out within six months and refined products by the end of the year The proposals need to be unanimously …

What are capital controls and how is Russia seeking to use them to ease the pain of sanctions?
2 years, 8 months ago

What are capital controls and how is Russia seeking to use them to ease the pain of sanctions?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While liberal, free market economists used to consider such …

Sanctions hit Russian economy, although Putin says otherwise
2 years, 8 months ago

Sanctions hit Russian economy, although Putin says otherwise

Associated Press  

NEW YORK — Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. Russian President Vladimir Putin felt emboldened and proclaimed — evoking World War II imagery — that the country had withstood the West’s “blitz” of sanctions. A closer look, however, shows that the sanctions are taking a …

Sanctions Hit Russian Economy, Although Putin Says Otherwise
2 years, 8 months ago

Sanctions Hit Russian Economy, Although Putin Says Otherwise

Huff Post  

LOADING ERROR LOADING NEW YORK — Nearly two months into the Russian-Ukraine war, the Kremlin has taken extraordinary steps to blunt an economic counteroffensive from the West. Russian President Vladimir Putin felt emboldened and proclaimed — evoking World War II imagery — that the country had withstood the West’s “blitz” of sanctions. A closer look, however, shows that the sanctions …

Sanctions hit Russian economy, although Putin says otherwise
2 years, 8 months ago

Sanctions hit Russian economy, although Putin says otherwise

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Russian President Vladimir Putin felt emboldened and proclaimed — …

Cryptocurrency miner in latest Russian sanctions targets
2 years, 8 months ago

Cryptocurrency miner in latest Russian sanctions targets

Associated Press  

WASHINGTON — The U.S. rolled out new sanctions on Wednesday against more than 40 individuals and entities accused of evading the ongoing wave of penalties imposed on Russia as punishment for invading Ukraine. Transkapitalbank is a Russian privately owned commercial bank which the U.S. says has helped sanctioned clients process dollar payments, by providing an alternative communication channel to SWIFT …

Cryptocurrency firms in latest Russian sanctions targets
2 years, 8 months ago

Cryptocurrency firms in latest Russian sanctions targets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Transkapitalbank is a Russian privately owned commercial bank which …

Fresh US sanctions hit Russian bank, oligarchs, crypto miner
2 years, 8 months ago

Fresh US sanctions hit Russian bank, oligarchs, crypto miner

Al Jazeera  

The United States has imposed several rounds of sanctions on Moscow since its February 24 invasion of Ukraine. The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping to target Moscow’s evasion of existing sanctions over Russia’s invasion of Ukraine. The US Department of the …

US Treasury Secretary Janet Yellen will skip some G20 sessions to encourage pressure on Russia
2 years, 8 months ago

US Treasury Secretary Janet Yellen will skip some G20 sessions to encourage pressure on Russia

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy US Treasury Secretary Janet Yellen …

U.K., European Union impose sanctions on Putin's daughters
2 years, 9 months ago

U.K., European Union impose sanctions on Putin's daughters

The Hindu  

Britain and the European Union have added two adult daughters of Russian President Vladimir Putin to their sanctions list, as part of a new package of measures targeting Russia's economy, businessmen and oligarchs in retaliation for the Kremlin's invasion of Ukraine. The British government said on Friday that it is imposing asset freezes and travel bans on Putin’s daughters Katerina …

Russia-Ukraine War: Fresh Sanctions by US Target Putin’s Daughters, Banks, Govt Officials
2 years, 9 months ago

Russia-Ukraine War: Fresh Sanctions by US Target Putin’s Daughters, Banks, Govt Officials

News 18  

In the aftermath of the gruesome Bucha killings, the United States and its allies have imposed fresh sanctions against Russia. “Sanctions against Russia must be ruinous enough for us to end this terrible war,” said the head of Ukraine’s presidential office, Andriy Yermak. The new sanctions target Russian President Vladimir Putin’s two adult daughters, Russia’s Sberbank and a ban on …

US sanctions Putin's daughters and more Russian banks
2 years, 9 months ago

US sanctions Putin's daughters and more Russian banks

India Today  

The United States targeted Russian banks and elites with a new package of sanctions on Wednesday that includes banning any American from investing in Russia, after Washington and Kyiv accused Moscow of committing war crimes in Ukraine. The new sanctions will put full blocking sanctions in Russia's Sberbank, which holds one-third of Russia's total banking assets, and Alfabank, a senior …

April 6, 2022 Russia-Ukraine news
2 years, 9 months ago

April 6, 2022 Russia-Ukraine news

CNN  

European ambassadors met in Brussels today to debate the European Commission’s proposal on new sanctions against Russia as Russian forces ramped up attacks in Ukraine. NATO head predicts Ukraine conflict could continue “for a long time”: Although Russia is now concentrating its assault on eastern Ukraine, NATO has seen “no indication” that Putin’s aim of controlling the whole country has …

April 6, 2022 Russia-Ukraine news
2 years, 9 months ago

April 6, 2022 Russia-Ukraine news

CNN  

European ambassadors met in Brussels today to debate the European Commission’s proposal on new sanctions against Russia as Russian forces ramped up attacks in Ukraine. NATO head predicts Ukraine conflict could continue “for a long time”: Although Russia is now concentrating its assault on eastern Ukraine, NATO has seen “no indication” that Putin’s aim of controlling the whole country has …

US treasury secretary says Biden wants Russia out of G20
2 years, 9 months ago

US treasury secretary says Biden wants Russia out of G20

Al Jazeera  

Janet Yellen said Russian atrocities are an affront to global order that will have widespread economic repercussions. US Treasury Secretary Janet Yellen has warned that Russia’s aggression in Eastern Europe will have “enormous economic repercussions in Ukraine and beyond,” and that President Joe Biden wants Russia expelled from the Group of 20 major economies forum. “President Biden’s made it clear, …

Ukraine invasion: Sanctions are not forever
2 years, 9 months ago

Ukraine invasion: Sanctions are not forever

New Indian Express  

A part of the sanctions concerns restrictions on banks. The Office of Foreign Asset Control list has stopped Russia’s central banks, the country’s finance ministry and the national wealth fund from accessing the dollar. Dollar became a “safe haven” because of its safety, liquidity and value. Jim O’Neill, formerly of Goldman Sachs, wonders “whether this episode set the stage for …

Bank of England joins effort to safeguard Ukraine’s assets
2 years, 9 months ago

Bank of England joins effort to safeguard Ukraine’s assets

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The conversation forms part of a broader effort by …

Russia accuses West of seeking ‘artificial default’ over Ukraine
2 years, 9 months ago

Russia accuses West of seeking ‘artificial default’ over Ukraine

Al Jazeera  

Russia is ready to pay its debts ‘in roubles’ as a large part of its foreign currency reserves are frozen over Ukraine attack. Russia’s finance ministry has accused foreign countries of wanting to force Russia into an “artificial default” through unprecedented sanctions over its war in Ukraine and said it would meet its debt obligations. “The freezing of foreign currency …

What is SWIFT?
2 years, 9 months ago

What is SWIFT?

India Today  

The United States and the European Union have chosen to partially exercise the nuclear-weapon option in terms of economic sanctions. These sanctions are the harshest against Moscow since its forces invaded Ukraine, and they are anticipated to have a substantial impact on a country that heavily relies on the SWIFT platform for vital natural resource transactions, particularly payments for oil …

Britain freezes more Russian bank assets than any other country in the world
2 years, 10 months ago

Britain freezes more Russian bank assets than any other country in the world

The Telegraph  

Britain has frozen more Russian bank assets than any other country as part of the international wave of sanctions against Vladimir Putin’s invasion of Ukraine, ministers have said. The Foreign Office revealed the UK had frozen a total of £258.8 billion of bank assets, compared to £240 billion by the US and £33.8 billion by the EU. The figures came …

Russia-Ukraine war: What is concerning RBI, SBI, other banks in India?
2 years, 10 months ago

Russia-Ukraine war: What is concerning RBI, SBI, other banks in India?

India Today  

The ongoing war between Russia and Ukraine has ripple effects on crucial aspects of the global economy - stock markets around the world and international oil prices. PAYMENT ISSUE Banks in India were scrambling after bills for imports from Russia have started bouncing and payments for exports have been stuck in the wake of sanctions imposed by the west on …

How Russia’s invasion of Ukraine changed the global economy in a week
2 years, 10 months ago

How Russia’s invasion of Ukraine changed the global economy in a week

CNN  

London CNN Business — A week of war in Ukraine has rocked the global economy, as quick-fire Western sanctions isolated Russia, collapsed its currency and financial assets and sent energy and food prices soaring. Now, a barrage of sanctions have made Russia’s biggest banks radioactive, traders are shunning barrels of Urals crude oil, and Western companies are fleeing the country …

EU cuts Russian banks from SWIFT, bans RT, Sputnik
2 years, 10 months ago

EU cuts Russian banks from SWIFT, bans RT, Sputnik

The Hindu  

The European Union on Wednesday cut seven Russian banks from the SWIFT payment system and banned Kremlin-controlled media outlets RT and Sputnik from broadcasting into the bloc. "At the speed of light, the European Union has adopted three waves of heavy sanctions against Russia's financial system, its high-tech industries and its corrupt elite," European Commission chief Ursula von der Leyen …

Sanctions sink Russia's rouble and could leave its economy in rubble and Vladimir Putin out of a job
2 years, 10 months ago

Sanctions sink Russia's rouble and could leave its economy in rubble and Vladimir Putin out of a job

ABC  

The war in Ukraine suddenly has shifted from the battleground to the boardroom, the bourse and banks as Russian consumers prepare to enter their very own world of pain. As the death toll mounts and the military onslaught continues with renewed vigour, Russia's central bank on Monday night was forced to hike interest rates from an already punishing 9.5 per …

Russia-Ukraine Crisis: UK imposes more banking sanctions on Moscow
2 years, 10 months ago

Russia-Ukraine Crisis: UK imposes more banking sanctions on Moscow

Firstpost  

Under the plans, British people and businesses will be banned from making transactions with the Russian central bank, its finance ministry and its wealth fund London: The UK’s Chancellor of the Exchequer, Rishi Sunak, alongside the Bank of England on Monday announced the UK government’s plans to impose further economic sanctions in response to the invasion of Ukraine by Russia …

Explained | What is SWIFT and why is Russia being threatened with exclusion from the service?
2 years, 10 months ago

Explained | What is SWIFT and why is Russia being threatened with exclusion from the service?

The Hindu  

The story so far: The U.S., Europe and several other western nations are moving to exclude Russia from the Society for Worldwide Interbank Financial Telecommunication, an international network for banks to facilitate smooth money transactions globally. If a country is excluded from the most participatory financial facilitating platform, its foreign funding would take a hit, making it entirely reliant on …

Column: How Western sanctions may demolish Putin’s ‘Fortress Russia’
2 years, 10 months ago

Column: How Western sanctions may demolish Putin’s ‘Fortress Russia’

LA Times  

For years, Vladimir Putin worked assiduously to strengthen what was known as “Fortress Russia,” reducing its government debt and building up its reserves of gold and foreign currency as a bulwark against political and economic challenges. — Robert Person, U.S. Military Academy Russia holds roughly an additional $132 billion in gold domestically, but monetizing that hoard will be extremely difficult …

Rouble plunges and interest rates double as Russian economy reels from sanctions
2 years, 10 months ago

Rouble plunges and interest rates double as Russian economy reels from sanctions

The Telegraph  

In a sign of the pain to come, VTB, Russia’s second-largest bank, announced it would increase mortgage rates by four percentage points to more than 15pc. The world's biggest container cargo company said that it was readying "a possible suspension of Maersk bookings to and from Russia on ocean and inland" in light of sanctions. Sergei Aleksashenko, Russia’s former deputy …

Russia-Ukraine: US, UK, EU, Canada sanction Russia’s central bank
2 years, 10 months ago

Russia-Ukraine: US, UK, EU, Canada sanction Russia’s central bank

Al Jazeera  

Measures aim to ‘disrupt Russia’s attempts to prop up its rapidly depreciating currency’, US Treasury says. “The unprecedented action we are taking today will significantly limit Russia’s ability to use assets to finance its destabilizing activities, and target the funds Putin and his inner circle depend on to enable his invasion of Ukraine,” Secretary of the Treasury Janet Yellen said …

Russians line up at banks as ruble plunges, interest rates jump and sanctions bite
2 years, 10 months ago

Russians line up at banks as ruble plunges, interest rates jump and sanctions bite

LA Times  

People stand in line to withdraw money from an ATM in St. Petersburg, Russia, on Friday. Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than …

Russia activates defences to shield $1.5 trillion economy
2 years, 10 months ago

Russia activates defences to shield $1.5 trillion economy

Al Jazeera  

The Bank of Russia acted quickly to shield the nation’s $1.5 trillion economy from sweeping sanctions that hit key banks, pushed the ruble to a record low and left President Vladimir Putin unable to access much of his war chest of more than $640 billion. He gathered Nabiullina and other top officials in the Kremlin to discuss plans for a …

West unleashes SWIFT bans, more crushing penalties on Russia
2 years, 10 months ago

West unleashes SWIFT bans, more crushing penalties on Russia

The Hindu  

The United States and European nations agreed on Saturday to impose the most potentially crippling financial penalties yet on Russia over its unrelenting invasion of Ukraine, going after the central bank reserves that underpin the Russian economy and severing some Russian banks from a vital global financial network. What we need is a targeted, functional restrictions of SWIFT.” As another …

West unleashes SWIFT bans, more crushing penalties on Russia
2 years, 10 months ago

West unleashes SWIFT bans, more crushing penalties on Russia

Associated Press  

WASHINGTON — The United States and European nations agreed Saturday to impose the most potentially crippling financial penalties yet on Russia over its unrelenting invasion of Ukraine, going after the central bank reserves that underpin the Russian economy and severing some Russian banks from a vital global financial network. The U.S. and European allies announced the moves in a joint …

Russia-Ukraine conflict: What is SWIFT and how cutting off Russian banks could affect Moscow
2 years, 10 months ago

Russia-Ukraine conflict: What is SWIFT and how cutting off Russian banks could affect Moscow

Firstpost  

SWIFT is a secure messaging system that facilitates rapid cross-border payments and is the principal mechanism for financing international trade The United States and European nations on Saturday agreed to block select Russian banks from SWIFT, the global financial messaging system, in response to Moscow’s continued military assault against Ukraine. In a joint statement with leaders of the European Commission, …

EXPLAINED: A SWIFT Primer As West Moves To Freeze Russia Out Of International Payments
2 years, 10 months ago

EXPLAINED: A SWIFT Primer As West Moves To Freeze Russia Out Of International Payments

News 18  

The European Union, along with the United States and other Western partners, has announced further sanctions on Russia for its invasion of Ukraine, including cutting off a number of Russian banks from the SWIFT interbank payments system. SWIFT, or the “Society for Worldwide Interbank Financial Telecommunication”, is a secure messaging system that facilitates rapid cross-border payments, making international trade flow …

EXPLAINER: A look at West’s toughest sanctions yet on Russia
2 years, 10 months ago

EXPLAINER: A look at West’s toughest sanctions yet on Russia

Associated Press  

WASHINGTON — The United States joined European allies Saturday in dramatically escalating financial penalties against Russia over its invasion of Ukraine, after the West’s initial rounds of sanctions failed to deter Russian President Vladimir Putin in his military offensive. Two of the key new measures target the heart of Russia’s financial system, its Central Bank, and cut an unspecified number …

Sanctions spark Russia bank run fears as country braces for ‘free fall’ in rouble
2 years, 10 months ago

Sanctions spark Russia bank run fears as country braces for ‘free fall’ in rouble

The Telegraph  

The Kremlin is scrambling to stave off a run on Russian banks after Western nations announced a barrage of punishing sanctions. According to Reuters, central bank documents showed that it had ordered market players to reject foreign clients' bids to sell Russian securities from early Monday morning. The step came after the central bank on Sunday said it would provide …

U.S. And Allies Begin Cutting Russia Out Of International Financial System SWIFT
2 years, 10 months ago

U.S. And Allies Begin Cutting Russia Out Of International Financial System SWIFT

Huff Post  

The United States and key allies will cut Russian banks out of the global financial messaging system SWIFT and begin to target Russia’s central bank, according to a White House statement on Saturday. The statement said the U.S., top European economies, Britain, and Canada would disconnect selected Russian banks from SWIFT, which will severely hurt their ability to operate internationally, …

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