Latest update U.S., Europe Cut up Some Russian Banks From SWIFT: Ukraine

Bloomberg News
February 26, 2022, 2:27 AM GMT+1
Updated onFebruary 27, 2022, 7:06 AM GMT+1
Western nations agreed to exclude some Russian banks from the SWIFT messaging system, used for trillions of dollars worth of transactions between banks around the world, further isolating Russia’s economy and financial system.

The nations also said they would act together to impose “restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions.”



Germany set aside restraint on arms exports to war zones and said it will supply Ukraine with battlefield weapons, including Stinger anti-aircraft missiles. It is also moving to close its airspace to Russian aircraft. President Volodymyr Zelenskiy

posted another video of himself in Kyiv as Ukrainian forces engaged in street battles in the capital against Russian troops on the third day of an invasion ordered by Russian President Vladimir Putin. “We won’t give up any arms. We will defend our country,” he said.


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