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While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system.
It comes as a series of tit-for-tat airspace bans has seen Russia block carriers based in the UK, Bulgaria, Poland and the Czech Republic flying over its skies.
Russia could turn to cryptocurrency if it is banned from the SWIFT payments system. Analysts have warned that if Russia is able to use crypto to evade sanctions, “political support in the U.S. for crypto will fall and regulatory risk will rise.” Crypto Faces Regulatory Risks if Used by Russia to Evade Sanctions Amid growing […]
The United States and the European Union have announced a plan to cut out a group of as-yet-to-be-named Russian banks from the international payments messaging system SWIFT.
Germany, Italy, Cyprus and Hungary are all thought to no longer object to Russia being kicked out from SWIFT, the international payments system. The move would be the biggest sanction...
The number of countries supporting Russia’s removal from the SWIFT payments system grew on Saturday, as the Ukraine invasion rages on. Focus now turns to whether Moscow will adopt digital assets to bypass crippling economic sanctions. Growing calls for Russia’s removal from SWIFT In a series of tweets, high-ranking Ukrainian officials said several countries, including