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Russia’s Sberbank Bank says it will not be affected by the EU’s SWIFT exclusion. “We work normally”


“It simply came to our notice then. The main restrictions are already in place, “Sberbank said in a statement.

The Russian bank is already being hit by harsh sanctions imposed by the United States and the United Kingdom. “The exclusion (Sberbank) from Swift does not change the situation regarding the international regulations in any way”, insists the Russian bank, according to News.ro.

The leaders of the 27 member states of the European Union, meeting in Brussels, have agreed to phase out the export of Russian oil to the EU, according to an announcement made on Monday evening by the President of the European Council, Charles Michel.

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This reduction, which will be implemented by the end of the year, “immediately covers more than two-thirds of Russia’s oil imports, cutting off a huge source of funding for its war machine” and putting “maximum pressure” on Moscow. to end the war, Charles Michel wrote on Twitter.

At the same time, European leaders agreed to remove three Russian banks from the SWIFT system, including the largest bank, Sberbank, and to ban three other Russian state-owned broadcasters, the senior European official added.

So far, seven Russian banks have been denied access to Swift, a secure messaging platform that allows for extremely important operations, such as money transfer orders between banks.

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A nine-billion-euro package of macro-financial assistance has also been approved to allow the Ukrainian government to meet its immediate cash needs to keep the economy running.

The new month-long sanctions package also includes an extension of the EU’s blacklist to about 60 prominent figures, including the head of the Russian Orthodox Church, Patriarch Kirill.

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