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The Latest Breaking News from SWIFT

EU hits Russia, Belarus with more sanctions, set to snub Ukraine on swift membership

The European Union announced fresh sanctions against Russia and its ally Belarus on Wednesday but EU leaders are set to rebuff Kyiv's appeal for accelerated membership of the bloc when they meet on Thursday to discuss Russia's war in Ukraine.

Reuters

The Weaponization of Money: How SWIFT, Reserve Currency, and Sanctions Are Being Used To Handcuff Russia

This is an abridged version of the full GRIT Capital newsletter. To read/subscribe to the full newsletter click here. Everything has a cost. Some are direct - like the price tag on the clothes you buy. Some are hidden - like sleepless nights as a new parent.

Benzinga

Awaiting Govt., RBI guidelines on SWIFT transactions with Russian entities: PNB

On March 2, the EU prohibited certain Russian banks from accessing the SWIFT financial messaging system in view of Russia's "unprovoked and unjustified military aggression against Ukraine".

The Hindu

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Luxury Volvo bus for KSRTC-SWIFT arrives

Vehicle conforms to Euro-VI emission norms

The Hindu

EXPLAINER: A look at West's tightening sanctions on Russia

The United States and allies are stepping up sanctions against Russia over its invasion of Ukraine

The Independent UK

Venezuela's Maduro Slams Sanctions against Russia as 'Madness'

President Nicolas Maduro of Venezuela criticized Wednesday the barrage of Western sanctions slapped on Russia, bucking the global chorus of condemnation of its invasion of Ukraine. "What they are doing against the Russian people is a crime, an economic war," Maduro said as he reiterated support for President Vladimir Putin…

Asharq Al-Awsat

Latest Ukraine updates: Talks spur deal on humanitarian corridors

Ukraine-Russia news from March 3: Kyiv and Moscow agree on plan for safe corridors to evacuate civilians.

Al Jazeera

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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

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

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

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

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Asharq Al-Awsat

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…

Benzinga

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.

Roll Call

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.

Reuters

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.

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Asharq Al-Awsat

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…

The Independent UK

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 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

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.

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