The bloc, alongside the U.S., U.K., Canada, France, Germany and Italy, announced it was “committing” to the move on Saturday. Russia invaded Ukraine last week on a pretext of either supporting breakaway regions as independent nations or “denazification.” Various countries announced sweeping sanctions on Russian entities and oligarchs in response, including freezing assets belonging to VEB Bank, VTB Bank, Gazprombank and Sberbank, Russia’s largest financial institutions.
Source: https://www.coindesk.com/policy/2022/03/02/eu-excludes-7-russian-banks-from-swift/?utm_medium=referral&utm_source=rss&utm_campaign=headlines