The European Union removes the largest Russian bank from the “SWIFT system”

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This comes as part of a sixth package of European sanctions against Moscow over the attack on Russia Ukraine.

The President of the European Council said Charles Michelthat "This package of penalties includes strict measures such as exclusion Sber Bankthe largest bank in Russia, from Swift".

Sberbank is the largest bank in Russia, as it controls about a third of the country’s banking sector.

The inclusion of this financial institution on the list of sanctions imposed on Russia will further isolate it Russian financial system At a time when the Russian army’s attack on Ukraine entered its fourth month.

Economic support

Meanwhile, Michel announced that the leaders of the 27 member states of the bloc agreed during a summit in Brussels to give nine billion euros to the Ukrainian government, to cover its immediate liquidity needs to keep its economy running.

A European source explained that European finance will take shape "long term loans" Affordable interest rates, given that Kyiv Its liquidity needs are set at $5 billion per month.

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This comes as part of a sixth package of European sanctions against Moscow over the attack on Russia Ukraine.

The President of the European Council said Charles MichelThis package of sanctions includes strict measures such as exclusion Sberbankthe largest bank in Russia, from Swift“.

Sberbank is the largest bank in Russia, as it controls about a third of the country’s banking sector.

The inclusion of this financial institution on the list of sanctions imposed on Russia will further isolate it Russian financial system At a time when the Russian army’s attack on Ukraine entered its fourth month.

economic support

Meanwhile, Michel announced that the leaders of the 27 member states of the bloc agreed during a summit in Brussels to give nine billion euros to the Ukrainian government, to cover its immediate liquidity needs to keep its economy running.

A European source explained that European finance It will take the form of “long-term loans” at concessional interest rates Kyiv Its liquidity needs are set at $5 billion per month.

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