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The Latest Breaking News from SWIFT

EU chief calls for phased ban on Russian oil in fresh set of sanctions

The European Commission President Ursula Von der Leyen has proposed a phased oil embargo on Russia over its war in Ukraine, as well as sanctioning the country's top bank, in a bid to deepen Moscow's isolation.

Radio France Internationale

EU leader announces plan to ban Russian oil imports

Ursula von der Leyen also proposed disconnecting 3 major Russian banks from SWIFT global banking payment system.

Axios

EU leader calls for Russian oil ban in new set of sanctions

The EU chief concedes that that getting all 27 member countries — some of them highly dependent on Russia for energy supplies — to agree on oil sanctions will be extremely difficult.

WEKU

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New EU Sanctions to Hit Russian Oil, Target More Banks

The European Union will slap new sanctions on Russia for waging war against Ukraine, targeting Moscow's oil industry, more Russian banks and those responsible for disinformation, the EU's top diplomat said on Tuesday. "We are working on the sixth package of sanctions which aims to de-SWIFT more banks, list disinformation…

Asharq Al-Awsat

EU says paying for Russian gas in rubles would breach sanctions, warns of 'full disruption'

The European Union warned member states to prepare for a breakdown in gas supplies from Russia as it insists Moscow's demand that imports be paid for in rubles would breach sanctions.

Radio France Internationale

Scores of civilians reach safety as Russia renews assault on Mariupol plant

Ukraine say Russian forces have launched a "powerful assault" on the Azovstal steel plant in Mariupol, where more than 200 civilians are still holed up with Ukrainian fighters, according to the city's mayor. Humanitarian workers say around 100 civilians have successfully been evacuated from the plant and are now in…

France 24

Estonia hosts NATO-led cyber war games, with one eye on Russia

Estonia is host to one of the world's largest annual interactive cybersecurity drills. Russia is always considered the main threat, but this year, the war in Ukraine has only added to the stakes.

WEKU

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Opinion: The Doomsday Scenario of U.S.-China Financial Decoupling

Policy actions that sever linkages will result in great costs to both nations, driving Chinese firms to access global capital via alternative investment channels

Caixin Global

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

Russia has turned to China for microchips it needs to meet surging demand for its domestic bank cards.

Al Jazeera

War in Ukraine: Russia's reputedly ‘sanction proof’ economy shows signs of stress

Seven weeks into the war, how is the Russian economy faring? The short answer is: well below expectations and the worse is yet to come.

The Conversation

Two SWIFT drivers dismissed

Two buses of the company had met with accidents

The Hindu

President Zelensky labels Russian spring recruitment drive a 'silly joke' - full speech in English

He was speaking on the 37th day of the Russian invasion of his country

Wales Online

Completing The God Protocols: A Comprehensive Overview Of Chainlink

This article was originally published on SmartContent and appears here with permission.

Benzinga

Ukraine-Russia war updates: Volodymyr Zelenskyy demands Western nations provide more weapons — as it happened

Ukrainian President Volodymyr Zelenskyy demands Western nations provide more military hardware from their stockpiles, asking if they are afraid of Russia.

ABC News

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The Independent UK

EXPLAINER: How the U.S. and allies can freeze Russian gold

The U.S. and its allies are moving to prohibit financial transactions with Russia's Central Bank that involve Russian gold

Al Jazeera

China limits concerns on Ukraine to self-interest

While China will help Russia get around sanctions, it is more focused on problems closer to home.

The Conversation

Russia sanctions: new impetus for Chinese yuan to move up the reserve currency ladder?

The invasion of Ukraine by the Russian forces has led to the most aggressive financial sanctions by Western countries against another country in modern history.

The News Lens

Ukraine War: Asian Nations Feel Economic Brunt of Conflict

India, Bangladesh, and Southeast Asian countries are all feeling economic strain triggered by the war. India’s edible oil market and exports are suffering, while Bangladesh-Russia trade has taken a hit due to sanctions.

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Reuters

EU hits Russia, Belarus with more sanctions, set to snub Ukraine on swift membership

The European Union announced fresh sanctions against Russia and its ally Belarus on Wednesday but EU leaders are set to rebuff Kyiv's appeal for accelerated membership of the bloc when they meet on Thursday to discuss Russia's war in Ukraine.

Benzinga

The Weaponization of Money: How SWIFT, Reserve Currency, and Sanctions Are Being Used To Handcuff Russia

This is an abridged version of the full GRIT Capital newsletter. To read/subscribe to the full newsletter click here. Everything has a cost. Some are direct - like the price tag on the clothes you buy. Some are hidden - like sleepless nights as a new parent.

The Hindu

Awaiting Govt., RBI guidelines on SWIFT transactions with Russian entities: PNB

On March 2, the EU prohibited certain Russian banks from accessing the SWIFT financial messaging system in view of Russia's "unprovoked and unjustified military aggression against Ukraine".

The Hindu

Luxury Volvo bus for KSRTC-SWIFT arrives

Vehicle conforms to Euro-VI emission norms

The Independent UK

EXPLAINER: A look at West's tightening sanctions on Russia

The United States and allies are stepping up sanctions against Russia over its invasion of Ukraine

Asharq Al-Awsat

Venezuela's Maduro Slams Sanctions against Russia as 'Madness'

President Nicolas Maduro of Venezuela criticized Wednesday the barrage of Western sanctions slapped on Russia, bucking the global chorus of condemnation of its invasion of Ukraine. "What they are doing against the Russian people is a crime, an economic war," Maduro said as he reiterated support for President Vladimir Putin…

Al Jazeera

Latest Ukraine updates: Talks spur deal on humanitarian corridors

Ukraine-Russia news from March 3: Kyiv and Moscow agree on plan for safe corridors to evacuate civilians.

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