Russian Sberbank to be decoupled from Swift
Created: 05/04/2022Updated: 05/04/2022 10:32 am
So far, Sberbank has not been hit with sanctions as a result of the Russian invasion of Ukraine.
© Alexander Sayganov/SOPA/ZUMA/dpa
This limits "Putin's ability to carry out further destruction", explains EU Commission President von der Leyen.
Sberbank is by far the largest Russian bank.
Strasbourg – EU Commission President Ursula von der Leyen has confirmed new plans for economic sanctions against Russia.
In addition to the oil embargo, there are punitive measures against other Russian banks.
According to von der Leyen, it is planned to decouple Sberbank - by far the largest Russian bank - and two other large banks from the international financial communication system Swift.
"In this way we maximize the pressure on Russia": Ursula von der Leyen.
© Philipp von Ditfurth/dpa
"By doing so, we hit banks relevant to the Russian financial system and limit Putin's ability to further destroy," she said.
"This will cement the complete isolation of the Russian financial sector from the global system."
European advisers should no longer work for Moscow
In addition, European auditors, consultants and so-called spin doctors should no longer be allowed to work for Russian companies and the Kremlin of President Vladimir Putin.
Von der Leyen also confirmed plans for an EU embargo on Russian oil.
"This is about a complete ban on imports of all Russian oil," she said in the European Parliament.
Russian crude oil shipments are to be phased out within six months and refined product imports phased out by the end of the year.
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"In this way we maximize the pressure on Russia and at the same time minimize collateral damage for us and our partners worldwide," said the German politician.
"Because if we want to help Ukraine, our own economy must remain strong." dpa