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The Latest Breaking News from SWIFT

Estonia hosts NATO-led cyber war games, with one eye on Russia

Estonia is host to one of the world's largest annual interactive cybersecurity drills. Russia is always considered the main threat, but this year, the war in Ukraine has only added to the stakes.

WEKU

Opinion: The Doomsday Scenario of U.S.-China Financial Decoupling

Policy actions that sever linkages will result in great costs to both nations, driving Chinese firms to access global capital via alternative investment channels

Caixin Global

Why Chinese bankcard chips may not ease Putin’s economic pain

Russia has turned to China for microchips it needs to meet surging demand for its domestic bank cards.

Al Jazeera

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War in Ukraine: Russia's reputedly ‘sanction proof’ economy shows signs of stress

Seven weeks into the war, how is the Russian economy faring? The short answer is: well below expectations and the worse is yet to come.

The Conversation

Two SWIFT drivers dismissed

Two buses of the company had met with accidents

The Hindu

President Zelensky labels Russian spring recruitment drive a 'silly joke' - full speech in English

He was speaking on the 37th day of the Russian invasion of his country

Wales Online

Completing The God Protocols: A Comprehensive Overview Of Chainlink

This article was originally published on SmartContent and appears here with permission.

Benzinga

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Ukraine-Russia war updates: Volodymyr Zelenskyy demands Western nations provide more weapons — as it happened

Ukrainian President Volodymyr Zelenskyy demands Western nations provide more military hardware from their stockpiles, asking if they are afraid of Russia.

ABC News

EXPLAINER: How the U.S. and allies can freeze Russian gold

The U.S. and its allies are moving to prohibit financial transactions with Russia's Central Bank that involve Russian gold

The Independent UK

China limits concerns on Ukraine to self-interest

While China will help Russia get around sanctions, it is more focused on problems closer to home.

Al Jazeera

Russia sanctions: new impetus for Chinese yuan to move up the reserve currency ladder?

The invasion of Ukraine by the Russian forces has led to the most aggressive financial sanctions by Western countries against another country in modern history.

The Conversation

Ukraine War: Asian Nations Feel Economic Brunt of Conflict

India, Bangladesh, and Southeast Asian countries are all feeling economic strain triggered by the war. India’s edible oil market and exports are suffering, while Bangladesh-Russia trade has taken a hit due to sanctions.

The News Lens

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

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The Hindu

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

Luxury Volvo bus for KSRTC-SWIFT arrives

Vehicle conforms to Euro-VI emission norms

The Independent UK

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

Asharq Al-Awsat

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…

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Al Jazeera

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.

Asharq Al-Awsat

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…

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.

Asharq Al-Awsat

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…

Tribune News Service

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…

Benzinga

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.

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