The European Union on Wednesday formally excluded seven Russian banks from the SWIFT payment system as part of the bloc’s latest sanctions over Russia’s attack on Ukraine.
“Today’s decision to disconnect key Russian banks from the SWIFT network will send yet another very clear signal to [Russian President Vladimir] Putin and the Kremlin,” European Commission President Ursula von der Leyen said in a statement, adding that the latest sanctions are the largest ever to be enforced against any country in the EU’s history.
