West imposes restrictions on Russian banks with SWIFT ban
Al Jazeera, 27 Feb 2022
Western nations are uniting to target Russia's economy and limit its ability to finance its war on Ukraine.
Certain Russian banks are to be barred from the international finance system known as SWIFT, a move that means they will not be able to carry out transactions worldwide.
Russia's Central Bank, which holds reserves worth $600bn, will also be affected.
Al Jazeera's Sara Khairat reports.
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Certain Russian banks are to be barred from the international finance system known as SWIFT, a move that means they will not be able to carry out transactions worldwide.
Russia's Central Bank, which holds reserves worth $600bn, will also be affected.
Al Jazeera's Sara Khairat reports.
- Follow us on Twitter: https://twitter.com/AJEnglish/
- Find us on Facebook: https://www.facebook.com/aljazeera/
- Check our website: https://www.aljazeera.com/
#Russia #Ukraine
