May 4, 20221:54
PM GMT+7
The logo is on display in an office of Sberbank in Saint
Petersburg, Russia April 19, 2022. REUTERS/REUTERS PHOTOGRAPHER
STRASBOURG, May 4 (Reuters) - The European Commission proposed
on Wednesday to remove Russia's biggest bank Sberbank (SBMX.MM) and
two other banks from the international SWIFT transaction and messaging system
in another blow to the Russian financial system over the war in Ukraine.
"We de-SWIFT Sberbank – by far Russia's largest bank, and
two other major banks. By that, we hit banks that are systemically critical to
the Russian financial system and Putin's ability to wage destruction,"
Commission head Ursula von der Leyen told European Parliament.
"This will solidify the complete isolation of the Russian
financial sector from the global system," she said.
Reporting
by Jan Strupczewski; editing by Francesco Guarascio
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