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The Latest Breaking News from SWIFT

EU Bars 7 Russian Banks from SWIFT, but Spares Those in Energy

The European Union said on Wednesday it was excluding seven Russian banks from the SWIFT messaging system, but stopped short of including those handling energy payments, in the latest sanctions imposed on Russia over its invasion of Ukraine. Russia's second-largest bank VTB, Bank Otrkitie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank and…

Asharq Al-Awsat

What is SWIFT and Why Does it Matter?

Lack of Access to SWIFT Means Trouble For Russia.

The Street

Removal from SWIFT vital to teach Russia invasion is critical mistake

Sanctions must be imposed to teach Russian President Vladimir Putin that his invasion of Ukraine is a critical mistake.

The Japan News/Yomiuri

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Sanctions Will Prompt Collapse of Russian Economy, France Says

Russia will face the collapse of its economy as a result of Western sanctions punishing Moscow for its invasion of Ukraine, French Finance Minister Bruno Le Maire said on Tuesday. The United States and its allies have imposed sanctions on Russia's central bank, its top businesses, oligarchs and officials, including…

Asharq Al-Awsat

The list of foreign companies pulling out of Russia keeps growing

The invasion of Ukraine is causing a mass exodus of companies from Russia, reversing three decades of investment by Western and other foreign businesses there following the collapse of the Soviet Union in 1991.The list of those cutting ties or reviewing their operations is growing by the hour as foreign…

Tribune News Service

After SWIFT Removal Bites Hard — The Bitcoin Camp Has Its Say On Removing Crypto Access From Russians, Sanctions

As international sanctions plummet the value of the Russian currency and threaten the country’s economy, the Bitcoin (CRYPTO:

Benzinga

Bitcoin, Ethereum, Dogecoin Rally As Crippling Sanctions On Russia Give Rise To Expectations Of Them Emerging As SWIFT Competition

Bitcoin and other coins rose sharply Monday evening as the global cryptocurrency market cap rose 12.2% to $2 trillion.

Benzinga

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Taiwan to follow SWIFT move, sends medical aid to Ukraine

Taiwan will join moves to block some Russian banks from the SWIFT international payments system and has sent humanitarian aid to Ukraine to show support for the international "democratic camp", the government said on Tuesday.

Reuters

Western Companies Head For the Exit in Russia as Sanctions Tighten

Energy giant BP, global bank HSBC and the world's biggest aircraft leasing firm AerCap joined a growing list of companies looking to exit Russia on Monday, as Western sanctions tightened the screws on Moscow over its invasion of Ukraine. The West has moved to punish Russia with a raft of…

Asharq Al-Awsat

Analysis: Can China Help Russia Evade SWIFT Banking Sanctions?

The value of the ruble has plummeted following access restrictions placed on several Russian banks to the SWIFT global bank payments system.

Benzinga

New sanctions cut Russia off from its foreign currency reserves - Roll Call

Biden administration imposed sanctions on Russia’s Central Bank that prohibit U.S. dollar transactions.

Roll Call

EU to impose new sanctions on Belarus this week -EU official

The European Union is planning to impose new sanctions on Belarus this week for helping the Russian invasion of Ukraine, hitting exports, oligarchs, central bank and cutting Belarusian banks off from SWIFT, a senior EU official said on Monday.

Reuters

Kremlin Says Russia’s Economic Reality Has Changed, Stands by C.Bank

The Kremlin on Monday said Russia's economic reality had changed but saw no reason to doubt the effectiveness and reliability of the central bank, which hiked interest rates to 20% as it sought to shield the economy from unprecedented Western sanctions. The bank has also introduced some capital controls as…

Asharq Al-Awsat

Ruble sinks 26% after SWIFT sanctions against Russian banks

The ruble has plunged to a record low of less than 1 cent in value after Russia was cut off from the global bank payments system in retaliation for Moscow’s invasion of Ukraine

The Independent UK

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The Japan News/Yomiuri

Removal from SWIFT vital to teach Russia invasion is critical mistake

Sanctions must be imposed to teach Russian President Vladimir Putin that his invasion of Ukraine is a critical mistake.

Al Jazeera

Latest Ukraine news: Guterres says dialogue must remain open

Russia-Ukraine news from February 28: UN General Assembly held its first emergency session in decades over Ukraine.

The Guardian - UK

Swift action at last brings meaningful sanctions against Putin regime

Selected Russian banks banned from global payments system, while Russian central bank will find it harder to spend $500bn war chest

The Independent UK

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

The United States has joined European allies in dramatically escalating financial penalties against Russia over its invasion of Ukraine

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Reuters

Investors brace for volatility as West moves to cut Russia off from SWIFT

Investors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system.

Reuters

How Western sanctions target Russia

(This February 26 story corrects pounds to dollars in third entry)

Chicago Sun-Times

US, EU, UK to sanction Russian central bank, block SWIFT

Cumulatively the steps announced by the West since Russia began the invasion would potentially amount to some of the toughest sanctions on any country in modern times.

Tribune News Service

US, EU cut some Russian banks from SWIFT, target central bank

Western nations agreed to unleash new sanctions to further isolating Russia’s economy and financial system after initial penalties failed to persuade President Vladimir Putin to pull out of Ukraine.

Reuters

Statement from Western allies on new sanctions against Russia

Washington and its allies moved on Saturday to block some Russian banks' access to the SWIFT international payment system as part of more sanctions against Moscow as it continues its assault against Ukraine.

Reuters

Russian banks face exclusion as allies deploy 'financial nuclear weapon'

The United States, Britain and European Union ratcheted up sanctions against Moscow on Saturday as Russia continued its assault against Ukraine, saying they would block access to the SWIFT international payment system.

Los Angeles Times

US, European allies bar Russian banks from critical SWIFT banking network

WASHINGTON — 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.

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