These are new economic sanctions to prevent Russian banks from making international transactions.
The President of the United States, Joe Biden, and the President of the European Commission, Ursula von der Leyen, announced this Saturday their intention to suspend Russian banks from the SWIFT financial mechanism and to paralyze the international assets of the Central Bank of Russia, in the harshest battery of economic response measures against the Kremlin since the beginning of the Russian invasion of Ukraine.
Both leaders have denounced in unison the “barbaric actions” of Russia committed against the Ukrainian population, which have motivated this new round of sanctions with the consensus of the German Chancellor, Olaf Scholz, the French President, Emmanuel Macron, the Prime Minister of Italy, Mario Draghi, Canadian Prime Minister Justin Trudeau and British Prime Minister Boris Johnson.
For this reason, and to the exclusion of “certain chosen banks” from SWIFT, additional measures are added against “the deployment of the international reserves of the Central Bank of Russia”, as well as the prohibition of “Russian oligarchs” to carry out operations in the markets Westerners, in addition to blocking their citizenship processes based on their investments abroad, the so-called “golden passports”.
Source: Eitb
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