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The Latest Breaking News from SWIFT

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…

Asharq Al-Awsat

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.

Benzinga

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.

Roll Call

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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.

Reuters

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…

Asharq Al-Awsat

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 Independent UK

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

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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.

Al Jazeera

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 Guardian - 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

The Independent UK

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.

Reuters

How Western sanctions target Russia

(This February 26 story corrects pounds to dollars in third entry)

Reuters

US, EU, UK to sanction Russian central bank, block SWIFT

Cumulatively the steps announced by the West since Russia began the invasion would potentially amount to some of the toughest sanctions on any country in modern times.

Chicago Sun-Times

US, EU cut some Russian banks from SWIFT, target central bank

Western nations agreed to unleash new sanctions to further isolating Russia’s economy and financial system after initial penalties failed to persuade President Vladimir Putin to pull out of Ukraine.

Tribune News Service

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Reuters

Statement from Western allies on new sanctions against Russia

Washington and its allies moved on Saturday to block some Russian banks' access to the SWIFT international payment system as part of more sanctions against Moscow as it continues its assault against Ukraine.

Reuters

Russian banks face exclusion as allies deploy 'financial nuclear weapon'

The United States, Britain and European Union ratcheted up sanctions against Moscow on Saturday as Russia continued its assault against Ukraine, saying they would block access to the SWIFT international payment system.

Los Angeles Times

US, European allies bar Russian banks from critical SWIFT banking network

WASHINGTON — The U.S. and its European allies agreed Saturday to bar some Russian banks from the SWIFT international network and to sanction its central bank, ratcheting up the West’s response to Moscow’s intensifying and unprovoked war against Ukraine.

Los Angeles Times

US, European allies bar Russian banks from critical SWIFT banking network

WASHINGTON — The U.S. and its European allies agreed Saturday to bar some Russian banks from the SWIFT international network and to sanction the country’s central bank, ratcheting up the West’s response to Moscow’s intensifying and unprovoked war against Ukraine.

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The Guardian - UK

US, UK, Europe and Canada to block Swift access for some Russian banks

Partial ejection from global payment system expected in days as part of new sanctions against Moscow

Reuters

U.S., UK, Europe, Canada to block Russian access to SWIFT

The United States, Britain, Europe and Canada on Saturday moved to block Russia's access to the SWIFT international payment system as part of another round of sanctions against Moscow as it continues its assault against Ukraine.

Tribune News Service

US and allies are close to putting financial choke on Russia

Western nations are set to enact drastic new sanctions that would cripple Russia’s economy and financial system after initial penalties failed to convince President Vladimir Putin from pulling out of Ukraine.

Reuters

U.S., UK, Europe, Canada to block Russian access to SWIFT - statement

Reuters

Explainer-A SWIFT primer as West moves to freeze Russia out of international payments

The European Union, along with the United States and other Western partners, has announced further sanctions on Russia for its invasion of Ukraine, including cutting off a number of Russian banks from the SWIFT interbank payments system.

Reuters

Germany and Western allies agree cutting Russia out of SWIFT

Germany and its Western allies agreed to cut Russia out of the SWIFT global payment system, a spokesperson for the German government said on Saturday, in a third sanctions package aimed at halting Russia's invasion of Ukraine.

The Independent UK

US and EU ban Russian banks from Swift system in latest sanction

High-security banking system connects thousands of financial institutions around the world

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