A number of Russian banks will be disconnected from the SWIFT system.
The head of the European Commission, Ursula von der Leyen, spoke about further sanctions against Moscow, which are being introduced because of the war unleashed by Russian President Putin against Ukraine. Among them will be such measures, which, in her words, “will destroy Putin.”
The head of the European Commission announced this at a briefing on Saturday, February 26.
The President of the European Commission announced that “a number of Russian banks will be excluded from SWIFT”, and part of the assets of the Russian Central Bank of the Russian Federation will be frozen in order to stop the war machine launched by Vladimir Putin.
“We are determined to impose tough and large-scale sanctions against Russia. We must respond even harder, we must increase sanctions so that Vladimir Putin can no longer finance the Russian war machine. We are confident that a number of banks will be separated from SWIFT,” said Ursula von der Leyen.
“We will make sure that Vladimir Putin can no longer use his reserves. We will freeze Russian assets in banks, we will freeze transactions,” she said.
“We will prohibit Russian oligarchs from using their financial assets in our markets. These measures prevent Vladimir Putin from financing his war. The Russian economy is also experiencing serious erosion,” the President of the European Commission said.
In coordination with I will now propose new measures to EU leaders to strengthen our response to Russia's invasion of Ukraine and cripple Putin's ability to finance his war machine. https://t.co/iU2waDzo9s
— Ursula von der Leyen ( @ vonderleyen ) February 26, 2022
“Vladimir Putin has chosen the path of destroying Ukraine, but what he is doing will destroy the future of his own country,” Ursula von der Leyen said.
Recall that earlier US President Joe Biden said that his state, together with the leaders of the “Big Seven” will completely limit the ability of the Russian government to act in dollars, euros and yen.
