Live Update 
From the Liveblog of
Saturday, February 26, 2022
From the Liveblog of
Saturday, February 26, 2022
Blinken confirms ‘key’ Russian banks will be cut off from global financing
Add ToI as a Preferred Source on GoogleUS Secretary of State confirms the US and allies will cut some Russian banks out of the SWIFT global finance system.
“As a result of Putin’s war on Ukraine, we join with leaders of EU, France, Germany, Italy, UK and Canada to ensure key sanctioned Russian banks are disconnected from SWIFT, impose restrictions on Russian Central Bank, and further identify and freeze assets of sanctioned Russians,” Blinken says.
Removing banks from the SWIFT system will essentially cut them off from international banking transactions.
The fine details of the new sanctions have not yet been announced.
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