Disconnecting Russia's banks: Sberbank faces SWIFT removal | Hellenic Shipping News Worldwide
The European Union aims to cut off Sberbank SBER.MM, Russia’s largest lender, from the SWIFT international payment system as Western allies seek to further isolate Moscow from financial markets over its war in Ukraine. The latest proposal forms part of the EU’s sixth and toughest round of sanctions, which also includes an embargo on crude ...