The United States, Britain, Europe and Canada on Saturday moved to block Russia’s access to the SWIFT international payment system as part of another round of sanctions against Moscow as it continues its assault against Ukraine.
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The measures, which will also include restriction on the Russian central bank’s international reserves, will be implemented in the coming days, the nations said in a joint statement. “This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally.”
She said allies would stop Russia from “using its war chest,” paralysing the assets of its central bank, freezing its transactions and making it impossible for the central bank to liquidate its assets.