Tag: Swift
Swift: Brussels spares Russian banks linked to oil and gas payments
DECRYPTION – These banks, through which pass most of the payments for Russian gas and oil supplies to the EU, escape exclusion from the financial system. Sanctions against Russian banks…
EU: agreement of 27 to ban RT and Sputnik, exclude Russian banks from Swift
European Commission President Ursula von der Leyen applauds Ukrainian President Zelensky who speaks by videoconference during a session of the European Parliament on March 1, 2022 (AFP/JOHN THYS) The 27…
The EU is throwing seven banks out of the Swift financial system
Germany is asserting itself behind the scenes and making sure that energy imports from Russia can continue to be paid for. Therefore, two of the three largest Russian banks will…
Swift Center in Switzerland protected by the police
The financial service provider Swift has only three data centers worldwide – one of which is in Diessenhofen in the canton of Thurgau. After Russia was excluded from the payment…
Banned from the SWIFT network by Europe, could Russia retaliate with Bitcoin?
SWIFT and cryptocurrencies – The European Commission announced in a press release dated February 26, 2022, a series of sanctions targeting Russia and which affect in particular its banking system…
Oil could rise above the $100 mark as traders assess Russia’s SWIFT ban, analysts say.
SWIFT, or Society for Worldwide Interbank Financial Telecommunication, is a secure messaging system that facilitates fast cross-border payments and keeps international trade flowing smoothly. Russian exports of all commodities, from…
Russia Banned From Swift Platform: Iran’s Precedent
Russia is set to face retaliation for its offensive in Ukraine, as several Western countries say they are ready to exclude Russian banks from the Swift financial messaging system. An…
Without SWIFT, Russian commodity exports will suffer
by Dmitry Zhdannikov LONDON, Feb 27 (Reuters) – From oil to metals to grain, Russian commodity exports will be hit hard by new Western sanctions, which will hurt economic activity…
“Not dramatic or deadly”: Russia’s central bank downplays Swift exclusion
“Not Dramatic or Deadly” Russia’s central bank downplays Swift ban 2/27/2022 3:46 p.m Even after a Swift exclusion, financial transactions should work as usual, the Russian central bank assures. The…
West closer to deal to exclude Russia from SWIFT system, says Lithuania
VILNIUS, Feb 26 (Reuters) – Talks among Western countries are progressing over Russia’s exclusion from the SWIFT interbank network, Lithuanian Prime Minister Ingrida Simonyte said on Saturday. “Our aim is…
Market: Without SWIFT, Russian commodity exports will suffer
by Dmitry Zhdannikov LONDON (Reuters) – From oil to metals to grain, Russian commodity exports will be hit hard by new Western sanctions, which will hurt economic activity in Russia…
West closer to deal to exclude Russia from SWIFT system, says Lithuania
The West is approaching an agreement to exclude Russia from the SWIFT system, says Lithuania | Photo credit: Shutterstock VILNIUS, Feb 26 (Reuters) – Talks among Western countries are progressing…