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Eu cuts Russian banks from SWIFT


As you all know that you are here to know each and everything and all the updates Regarding this and you may be finding a lot of news but here has been summed up of all the recent updates which are mandatory for all of you to know and be aware and to be recently updated about this. So here you are at the right place to find all the recent updates and detailed information-referred to the below article

On Wednesday Swift's payment system cut their links with 7 Russian banks and banned Kremlin, De controlled media outlets RT and Sputnik from road casting into the bloc.

The union of Europe has adopted the three waves of heaviest thinking against the country Russia and the financial system of Russia. It includes the high tech industry and Corrupt Elite, the commission of Europe chief Ursula Von Der Leyen, said these words in their statement.
Cuts Russian Banks

In these sanctions, EU officials said that Russian Countermeasures hit the bloc's economy. This was a great signal to Putin, which includes the latest news from Wednesday and numerous banks have been excluded from the Global Swift. It is an interbank messaging service and network, which allows quick and secured transactions.

The translation list consists of Russia's second-biggest lender which is UTB Bank; it also includes Bank Otkritie, Novikombank, Promsvyaz bank, Rossiya Bank, Sovcombank and VEB. All of these banks have direct financial links with Russia's war in Ukraine.

Strangely, the list did not include the biggest bank of Russia which is Sberbank, it allows EU countries to pay for gas and oil deliveries of Russia.

 This list is maintained and it is kept continuous under the day you and the list could be changed according to the situation which is currently developing on the ground. 80% of the banking system of Russia is subject to sanction and it is from the swift Ban asset st and financial regulation which is imposed on the banks which are in the list it is done by you the United States and Britain this is the largest sanction package in the history of unions this season of discrimination is the another Swift Network and this sense the clear signal to Putin and Kremlin.


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