German government spokesman Stephen Hepstreet announced that some European countries and the US have agreed to separate some Russian banks from the SWIFT global system for interbank transactions.
“Germany, Britain, Italy, Canada, the United States, France and the European Commission have agreed on new tough financial sanctions against Russia, including the withdrawal of some Russian banks from the SWIFT system,” he said.
“It has been decided to leave all Russian banks sanctioned by the international community and, if necessary, to separate other Russian banks from SWIFT,” he said.
“Western partners have decided to limit the ability of the Central Bank of Russia to support the ruble exchange rate through international financial transactions,” he said.
European Commission President Ursula von der Leyen said, “European Union countries together with their partners are planning to separate some Russian banks from the SWIFT system.”
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