The European Union set to cut off 7 Russian banks from SWIFT
The European Union stated today that seven Russian banks will be removed from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), messaging system within 10 days. This move will affect both the ordinary citizen and the Russian economy at large. VTB, Russia’s second-largest bank, Bank Otrkitie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, and VEB are among […]