U.S. and European allies bar Russian banks from crucial SWIFT banking network
2 years, 10 months ago

U.S. and European allies bar Russian banks from crucial SWIFT banking network

LA Times  

German Chancellor Olaf Scholz waits in Berlin for the arrival of Polish Prime Minister Mateusz Morawiecki and Lithuanian President Gitanas Nauseda for talks about the Russian invasion of Ukraine. The U.S. and its European allies agreed Saturday to bar some Russian banks from the SWIFT international network and to sanction the country’s central bank, ratcheting up the West’s response to Moscow’s intensifying and unprovoked war against Ukraine. “As Russian forces unleash their assault on Kyiv and other Ukrainian cities,” they added, “we are resolved to continue imposing costs on Russia that will further isolate Russia from the international financial system and our economies.” Coming on the heels of sanctions imposed last week against several Russian banks, wealthy individuals and Putin himself, Saturday’s actions underscored how unified the world’s most powerful democracies remain in response to Russian aggression. disconnecting from global financial civilization.” Zelensky, whose call to arms and refusal to flee his capital have roused his country and the world, vowed in the video that “we will fight as long as it takes to liberate the country.” President Biden said on Friday that some European nations weren’t ready to bar Moscow from SWIFT, explaining why the U.S. and its allies hadn’t yet taken that step, one that analysts have said could prove devastating to the Russian economy. But the impact, the official said, will be “chilling.” “In all likelihood, most banks around the world will simply stop transacting altogether with Russian banks that are removed from SWIFT,” the official said.

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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 …

Pro-Ukrainian hackers claim to have crippled Russia’s entire banking system: Reports
1 year, 7 months ago

Pro-Ukrainian hackers claim to have crippled Russia’s entire banking system: Reports

India TV News  

In a major blow to the Russian banking system, a pro-Ukrainian hackers group reportedly took down Infotel JSC-- a Russian internet service provider crucial for operating a platform that Moscow banks use to facilitate the financial system. According to a report by Pravda, the hackers first attacked a number of Russian websites and then published a banner, demanding to pour …

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 …

What’s behind Iran and Russia’s efforts to link banking systems?
1 year, 11 months ago

What’s behind Iran and Russia’s efforts to link banking systems?

Al Jazeera  

Tehran and Moscow have shown serious political will to expand economic ties, but challenges remain. Tehran, Iran – “The financial channel between Iran and the world is being restored,” the new governor of Iran’s central bank, Mohammadreza Farzin, said last week when he announced that Iran and Russia have taken a significant step towards linking their banking infrastructures amid Western …

How Iran and Russia are connecting their banking systems amid Western sanctions
1 year, 11 months ago

How Iran and Russia are connecting their banking systems amid Western sanctions

Firstpost  

A senior Iranian official said on Monday that Iran and Russia have linked their interbank communication and transfer systems to help boost trade and financial transactions as both Tehran and Moscow are chafing under Western sanctions Dubai: Iran and Russia have connected their interbank communication and transfer systems to help boost trade and financial transactions, a senior Iranian official said …

US busts network providing technology to Russian military
2 years, 2 months ago

US busts network providing technology to Russian military

Associated Press  

WASHINGTON — The Biden administration on Wednesday announced a round of criminal charges and sanctions related to a complicated scheme to procure military technologies from U.S. manufacturers and illegally supply them to Russia for its war in Ukraine. The Justice Department charged nearly a dozen people in separate cases in New York and Connecticut, including Russian nationals accused of purchasing …

Why Chinese bankcard chips may not ease Putin’s economic pain
2 years, 8 months ago

Why Chinese bankcard chips may not ease Putin’s economic pain

Al Jazeera  

Russia has turned to China for microchips it needs to meet surging demand for its domestic bank cards. “Russia benefits from very high literacy rates, as well as smartphone and internet penetration, and Russian banks have invested heavily in app-based banking.” ‘Severed from the global economy’ A lack of chips for bank cards would be unlikely to deal a significant …

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 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 …

U.S. imposes sanctions on Russian darknet market and crypto exchange
2 years, 9 months ago

U.S. imposes sanctions on Russian darknet market and crypto exchange

The Hindu  

The U.S. Treasury Department imposed sanctions on Tuesday on a prominent Russia-based darknet market site and a cryptocurrency exchange that it said operates primarily out of Moscow and St. Petersburg. The sanctions against Hydra and currency exchange Garantex, published on the Treasury Department's website, "send a message today to criminals that you cannot hide on the darknet or their forums," …

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 …

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 …

Sanctions send prices up, businesses down and loved ones out of reach for ordinary Russian people
2 years, 9 months ago

Sanctions send prices up, businesses down and loved ones out of reach for ordinary Russian people

India Today  

Western countries, led by the US, UK and European Union, have imposed a number of sanctions and financial penalties on Russia since it invaded Ukraine on February 24. FOLLOW LIVE UPDATES ON UKRAINE-RUSSIA WAR PRICES GO UP Since Russia invaded Ukraine, the Russian ruble has plummeted. As the sanctions kicked in, the Russian government started limiting how much people could …

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 …

Russia owes Western banks $120 billion. They won’t get it back
2 years, 10 months ago

Russia owes Western banks $120 billion. They won’t get it back

CNN  

London CNN Business — Goldman Sachs and JPMorgan Chase are the first major Western banks to get out of Russia following the invasion of Ukraine. Goldman Sachs said Thursday that it is “winding down its business in Russia in compliance with regulatory and licensing requirements.” JPMorgan Chase, America’s largest bank, followed within hours, saying it was “actively unwinding” its Russian …

Ukraine crisis: Mastercard, Visa suspend operations in Russia after invasion
2 years, 10 months ago

Ukraine crisis: Mastercard, Visa suspend operations in Russia after invasion

Firstpost  

Mastercard said cards issued by Russian banks will no longer be supported by its network and any Mastercard issued outside the country will not work at Russian stores or ATMs. New York: Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country’s financial system after its invasion of Ukraine. “We …

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 …

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 …

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 …

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 …

War in Ukraine: Apple Pay, Google Pay Barred for These Russian Bank Customers
2 years, 10 months ago

War in Ukraine: Apple Pay, Google Pay Barred for These Russian Bank Customers

News 18  

Thousands of Russian customers have been barred from using Apple Pay and Google Pay services after the US imposed heavy financial sanctions on the country for invading Ukraine. Customers at several banks in Russia reported they were unable to use their bank cards with Google Pay and Apple Pay. “Also, the cards of these banks will not be able to …

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 …

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 …

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, …

EU Still Mulling Cutting Russia from SWIFT After Fresh Appeal from Ukrainian President
2 years, 10 months ago

EU Still Mulling Cutting Russia from SWIFT After Fresh Appeal from Ukrainian President

News 18  

Ukrainian President Volodymyr Zelensky on Saturday again asked European nations to sever Russia from the SWIFT banking system as Hungary and Italy suggested they were not blocking the move. SWIFT’s messaging system allows banks to communicate rapidly and securely about transactions, and cutting Russia off would cripple its trade with most of the world. Italy has been another country which …

Russia-Ukraine War: What is SWIFT and will Russia be banned from this system
2 years, 10 months ago

Russia-Ukraine War: What is SWIFT and will Russia be banned from this system

India TV News  

Highlights SWIFT payment network is a dominant system for global financial transactions West, Europe now considering banning Russia from SWIFT However, banning Russia from SWIFT will have impact on other nations as well Already facing several sanctions for launching a war against Ukraine, Russia may also be kicked out of the SWIFT payment network, the dominant system for global financial …

Biden, Europe waiting on key SWIFT sanction against Russia
2 years, 10 months ago

Biden, Europe waiting on key SWIFT sanction against Russia

Associated Press  

WASHINGTON — U.S. and European officials are holding one key financial sanction against Russia in reserve, choosing not to boot Russia off SWIFT, the dominant system for global financial transactions. “Let’s have a conversation in another month or so to see if they’re working.” Still, some European leaders, including in the United Kingdom, favor taking the additional step of blocking …

What is SWIFT Banking System and How it Can be Used to Punish Russia for Invading Ukraine. An Explainer
2 years, 10 months ago

What is SWIFT Banking System and How it Can be Used to Punish Russia for Invading Ukraine. An Explainer

News 18  

US and European officials are holding one key financial sanction against Russia in reserve, choosing not to boot Russia off SWIFT, the dominant system for global financial transactions. HESTIATION OVER BAN Ukraine has sought for Russia to be excluded from SWIFT, but several European leaders would prefer to stay patient because a ban could make international trade more difficult and …

February 25, 2022 Russia-Ukraine news
2 years, 10 months ago

February 25, 2022 Russia-Ukraine news

CNN  

European Union leaders have been considering what some are calling the “nuclear option” of removing Russia from SWIFT, a high security network that connect thousands of financial institutions around the world, following the invasion of Ukraine. US President Joe Biden said Thursday that removing Russia from SWIFT is not the direction the rest of Europe wants to go in at …

EXPLAINER: A look at US steps taken, and not, against Russia
2 years, 10 months ago

EXPLAINER: A look at US steps taken, and not, against Russia

Associated Press  

WASHINGTON — U.S. President Joe Biden hit Russia with some of the broadest and toughest financial penalties that the world’s biggest economy can muster on Thursday, hours after President Vladimir Putin launched his military’s invasion of Ukraine. CUTTING RUSSIAN BANKS OFF FROM THE U.S. DOLLAR Thursday’s sanctions target big Russian banks holding nearly 80% of all the country’s banking assets, …

What is SWIFT and why were some Russian banks excluded from it?
2 years, 10 months ago

What is SWIFT and why were some Russian banks excluded from it?

Al Jazeera  

Disconnecting Russia from the SWIFT could cripple its ability to trade with most of the world. On Saturday, Western allies moved to block certain Russian banks’ access to the SWIFT international payment system in further punishment of Moscow as it presses on with its military assault. According to the Russian National SWIFT Association, Russia has the second-largest number of users …

Why is booting Russia off SWIFT the one key sanction the US and Europe are still holding back on?
2 years, 10 months ago

Why is booting Russia off SWIFT the one key sanction the US and Europe are still holding back on?

ABC  

US and European officials are holding one key financial sanction against Russia in reserve, choosing not to boot Russia off SWIFT, the dominant system for global financial transactions. In arguing for Russia to be cut off from the SWIFT system, UK Defence Secretary Ben Wallace said Russia's continued access allowed it to move money around the world to receive payments …

The U.S. sanctions Russian President Vladimir Putin
2 years, 10 months ago

The U.S. sanctions Russian President Vladimir Putin

NPR  

The U.S. sanctions Russian President Vladimir Putin Enlarge this image toggle caption Alexei Nikolsky/AP Alexei Nikolsky/AP The United States has sanctioned Russian President Vladimir Putin and Foreign Minister Sergey Lavrov for Russia's invasion of Ukraine. Also Friday the Biden administration requested, according to congressional and administration sources, $6.4 billion in funding to address the invasion of Ukraine, though sources caution …

Ukraine lobbies US officials for bans on Russia software, aviation
2 years, 10 months ago

Ukraine lobbies US officials for bans on Russia software, aviation

India Today  

Ukraine's government is lobbying the Biden administration to cut Russia off from US software updates, to ban Russian flights, and to block the supply of goods to Russia's civil aviation industry in an effort to rally support for drastic sanctions while the Kremlin pushes deeper into Ukrainian territory. Russia-Ukraine war LIVE updates The Ukrainians asked their American counterparts to bar …

Explained: Sanctions against Russia over Ukraine crisis - will they work?
2 years, 10 months ago

Explained: Sanctions against Russia over Ukraine crisis - will they work?

The Hindu  

The U.S., the E.U., Japan and the U.K. have unveiled a range of economic and financial sanctions against Russia. The sanctions target different areas, hitting specific financial institutions, Russia's capacity to raise sovereign debt on international markets as well as several individuals. U.S. investors have been banned from buying new dollar-denominated Russia debt since the Crimean annexation in 2014, while …

Ban Russia from Swift banking system or you'll have blood on your hands, Kyiv warns the West
2 years, 10 months ago

Ban Russia from Swift banking system or you'll have blood on your hands, Kyiv warns the West

The Telegraph  

Germany was resisting locking Russia out of the Swift international payments system on Thursday night, as Britain announced its largest-ever package of economic sanctions against Moscow. Kyiv said that its Western allies would have the blood of innocent Ukrainians on their hands if Europe failed to restrict Russia’s access to the world’s main payment clearing system. Ban Russia from Swift.” …

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