The United States, the European Commission, France, Germany, Italy, the United Kingdom, and Canada issued a joint statement on Saturday on Saturday, announcing the sanctions decision described by French financial ministers as "financial nuclear weapons".The named Russian bank list has not been announced, but according to a official, about 70 % of the Russian financial markets will be affected.
(Washington Composite Electric) Western countries agree to kick some Russian banks out of the Global Bank Financial Telecommunications Association (SWIFT) to further isolate the Russian economic and financial system.They will also take restrictions to stop the mobility of Russian central banks' mobility reserves to offset Western sanctions and cause impact.
The United States, European Commission, France, Germany, Italy, the United Kingdom, and Canada issued a joint statement on Saturday, announcing the decision to adopt the sanctions described by the French Minister of Finance as a "financial nuclear weapon".The President of the European Commission Feng Delin said that the new sanctions will prevent Russia from "using its war funds".They have not released a list of Russian banks, and an EU diplomat said about 70 % of the Russian financial markets will be affected.
Swift headquarters in Belgium responded to Bloomberg that although it is a neutral global cooperation organization, it has obligations to comply with the EU and Belgium regulations.The organization said: "We are in contact with the European authorities to understand the details of the entities that will be constrained by new measures. We are preparing to abide by legal instructions."
The Ukrainian government welcomes this heavy sanctions.Prime Minister Shumgar said in Twitter and said, "Thank our friends ... promise to eliminate several Russian banks from SWIFT." Western countries were originally worried that they would endanger their economy and did not want to take this sanctions.
Sanctions of the White House or exemption from the energy field to avoid survival of international oil prices
Swift in 1973, the headquarters is located in Brussels.High security network of financial institutions.Financial institutions send security information and payment instructions through its message transmission service system to conduct rapid cross -border transfer payment for international trade.Stopping from Russia's use of SWIFT transfers will impact the economic and trade business of Russian companies.
A German government spokesman said that the move is aimed at the Russian banks that have been sanctioned by the international community, but if necessary, it can be expanded to other Russian banks.
The White House is considering the financial trading exemption sanctions in the field of energy to prevent international oil prices from surging further.
It is unclear how much the impact these measures will have, or whether it will help Ukraine in the next few days.US President Biden said that Russia may take weeks or even longer to feel the pain of sanctions.
For the Russian central bank's punishment measures, it may include restricting Russia's use of credit quotas organized by the International Monetary Fund and about $ 20 billion in international liquidation banks.Russia has a foreign exchange reserve of about $ 640 billion (about S $ 866.4 billion).
The central bank of a large -scale economy like Russia is the first time internationally.The United States had previously sighed central banks in Iran and Venezuela, and the North Korean central bank was also blacklisted.
Lipuski, the director of the Geopoical Economic Center of the American Think Tank Atlantic Council, said: "Such a rapidly and united financial sanction operation will make Putin feel uneasy.It is expected, but the sanctions against the central bank will hit Moscow and other areas. "
Sanctions will cause Russia to lose foreign exchange resources to support domestic financial sectors and ruble exchange rates.At present, the inflation rate in Russia has exceeded twice the goals of the central bank.
