Western economic powers will exclude many banks Russians from SWIFT
The European Commission Will suggest to countries European Union A new set of sanctions against Moscow will include crippling the assets of the Russian Central Bank, excluding several Russian banks from the SWIFT system of interbank payments, and preventing the Russian oligarchy from using its assets in European markets.
“All these actions It would seriously damage Putin’s ability to finance his war. It will have a corrosive effect on the economy. In a direct statement tonight, European Commission President Ursula von der Leyen said that Putin has embarked on a path aimed at destroying Ukraine, but what he is also doing, in fact, is destroying the future of his country.
The measures, which the head of the international community’s Executive Committee considered a “significant tightening of the international response” to the Russian invasion of Ukraine, will be implemented in close coordination with the leaders of the United States, France, Germany, Italy, Canada and the United Kingdom, he added.
What is Swift System?
Swift are the abbreviations for Association for International Interbank Financial Telecommunication (Association for Global Interbank Financial Communications) is an organization responsible for an international network of financial communications between banks and other entities.
Founded in Brussels, Belgium, in 1973Supported by 239 banks in 15 countries. The first SWIFT operations center opened in the United States in 1979. It currently has over 12,000 associated financial entities in 204 countries and operates uninterrupted 24 hours a day, seven days a week.
Click on this link If you want to know more information about this organization that will be used as a financial “weapon”.
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