Ukraine asks Swift to impose sanctions on Russia’s central bank

According to Fars News Agency’s International Economy Reporter quoted by Rashatodi, the Central Bank of Ukraine uses an international interbank messaging system called swift Wanted to cut off access to the Russian central bank.

In this way, Ukraine seeks to significantly reduce Russia’s ability to conduct international financial transactions.

According to the statement of the Central Bank of Ukraine, Kiیف He said the move strengthens Russia’s international financial isolation and is an effective tool for maximizing confrontation with Russia in the financial sphere.

Following the start of Russia’s military conflict with Ukraine, the United States, Europe, and some Western allies began imposing sanctions on Russia’s major banks and state-owned companies and seizing some $ 300 billion in Russian foreign exchange assets.

Although The European Union (EU) has imposed sanctions on Russia’s assets and reserves, but EU member states can still conduct financial transactions with Russia in emergencies.

A few weeks ago the EU had access to seven Russian banks swift Blocked.

If the Central Bank of Russia also has access to swift Blocking financial transactions will make it somewhat more difficult for Russia, which will have difficulty repaying its loans and debts.

Of course, the Russians have been an alternative system in recent years swift Launched under the name SPFS, this system makes it possible to be in a similar context swift Exchange interbank messages.

end of Message/