The Latest Breaking News from SWIFT

Russian forces now control "most" of the eastern Ukrainian city of Severodonetsk after days of fierce fighting, the regional governor of Luhansk said Tuesday. Governor Sergiy Gaiday said "90 percent" of the city was destroyed and there was now no possibility of leaving Severodonetsk. Read our live blog to see…

An entangled economic relationship will become a norm, with some decoupling and recoupling depending on the sector

Russian airlines are slowly reentering overseas markets as they navigate sanctions and isolation over Ukraine war.

The United States has imposed several rafts of sanctions on Russia over its invasion of Ukraine in February, targeting its central bank, major lenders, oligarchs and Russian President Vladimir Putin.

The proposal, if accepted by EU members, seeks to stop crude oil imports in six months, refined products by end of 2022.

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.

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

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.

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…

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.

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…