After France, the European Union is toughening its tone. At the end of a Defense Council held this Saturday, Emmanuel Macron announced a strengthening of financial sanctions against Russia, three days after the start of the invasion in Ukraine. Through the voice of the President of the European Commission, Ursula von der Leyen, Europe has followed suit.
During a press point held this Saturday evening, she indicated her intention to “continue to impose” massive sanctions on Russia. Among them, the exclusion of the country from the Swift financial system, an essential cog in the economy of each state. “We are committed that a number of Russian entities will be excluded from Swift”said Ursula von der Leyen (see video at the top of this article). “Thus, they will be disconnected from the international financial system. This will prevent them from carrying out transactions on a global level and will block Russian exports.”
Sanctions confirmed at the same time by Germany, which chairs the G7. Are concerned “all Russian banks already sanctioned by the international community, as well as other institutions if necessary”said the German government, indicating that these measures have been taken by the United States, France, Germany, Great Britain, Canada, Italy and the European Commission.
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