Russia’s SWIFT Ban: EU Should Think Twice as It’s About to Shoot Itself in Foot, Journo Warns

Mar 1, 2022 | EARNINGS

The European Commission is seeking to block seven Russian banks from SWIFT with the nation’s largest Sberbank and Gazprombank being left off the draft list, writes Bloomberg. The absence of the two banks from the proposal shows the EU is concerned about the consequences of isolating Russia, according to the media outlet.

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