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EU excludes 7 Russian Banks from SWIFT

EU excludes 7 Russian Banks from SWIFT
# 02 March 2022 16:16 (UTC +04:00)

The European Union has announced the removal of seven Russian banks from the SWIFT interbank messaging network, APA reports citing Sputnik International.

The list includes VTB, Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, and VEB.

Several other Russian banks, slapped with western sanctions, were not affected by the move.

A spokesperson for VTB, the largest of the affected banks, said that the removal from SWIFT will not affect its operations on Russian territory. 

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