The West needs to make sure no Russian bank has access to the SWIFT messaging system, British Foreign Secretary Liz Truss said on Thursday during a visit to Lithuania.
"ہم نے امریکی EU اور G7 کے ساتھ مل کر پوٹن کی جنگی مشین کے لیے فنڈنگ بند کرنے کے لیے کام کیا، مالیاتی نظام کے بعد روسی بینکوں کو لات ماری … ہمیں مزید آگے بڑھنے کی ضرورت ہے۔ ہمیں اس بات کو یقینی بنانے کی ضرورت ہے کہ کسی بھی روسی بینک کو SWIFT تک رسائی حاصل نہ ہو،" Truss نے ایک نیوز کانفرنس کو بتایا۔
جرمنی اور اس کے مغربی اتحادیوں نے روس کو SWIFT عالمی ادائیگی کے نظام سے باہر کرنے پر اتفاق کیا، جرمن حکومت کے ترجمان نے 27 فروری کو ایک تیسرے پابندیوں کے پیکج میں کہا جس کا مقصد یوکرین پر روس کے حملے کو روکنا ہے۔
In March, Swift was taken over by seven Russian banks: Novikombank, Bank Otkritie, Promsvyazbank, Bank Rossiya, Sovcombank, Vnesheconombank (VEB), and VTB Bank.
Currently, the European Commission is attempting to prohibit three more, including Sberbank, the biggest lender in the country and the engine of almost one-third of Russia’s banking sector.
In the next days, the agreement is anticipated to be finalized, subject to the blessing of EU ambassadors.
Removing banks from Swift will guarantee that they “are disconnected from the international financial system and harm their ability to operate globally,” according to statements made by the US, the UK, the EU, and other nations.
The intention is to stop Russian businesses from utilizing Swift’s typically easy and quick transactions, which would impede payments for their substantial exports of agricultural and energy products.
The Russian government will eventually run out of money from banks because they will have to interact directly with each other, which will incur more fees and delays.
Russia vowed to swiftly withdraw Crimea after its annexation in 2014. Russia claimed that doing so would be the same as declaring war.
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