Wednesday, January 29, 2025

EU Proposes Cutting 15 Russian Banks From SWIFT in New Sanctions Package

What took so freaking long!

Can EU states still act individually or only unanimously with all EU members on critical issues of war and peace? We all should be so glad about Brexit!

"The European Union (EU) has proposed to disconnect around 15 Russian banks from the SWIFT international banking system as part of the EU’s 16th sanctions package, Bloomberg reported, citing unnamed sources.

The proposed package also allegedly includes a gradual ban on Russian aluminum imports and restrictions on more than 70 ships in Russia’s “shadow fleet.” These ships are accused of transporting Russian oil at prices above the $60-per-barrel cap set by Western countries.

However, the sanctions package must be approved by all EU member states before it can take effect. ..."

EU Proposes Cutting 15 Russian Banks From SWIFT in New Sanctions Package "The discussions come just before the third anniversary of Russia’s invasion of Ukraine in February 2022."

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