TOKYO – Japan will freeze assets held by four more Russian banks in another round of sanctions in response to Russia’s military operations in Ukraine, Finance Minister Shunichi Suzuki said Thursday. Japan’s latest round of sanctions followed the announcement by members of the European Union (EU) on Wednesday to exclude seven Russian banks from the … Read more
BRUSSELS – The EU on Wednesday excluded seven Russian banks from the global SWIFT network, as sanctions were ratcheted up over Moscow’s war on Ukraine. The seven banks cut out from the secure interbank messaging network that permits transactions are Russia’s second-biggest lender VTB Bank as well as Bank Otkritie, Novikombank, Promsvyazbank, Rossiya Bank, Sovcombank and VEB … Read more
NEW YORK: US credit card giants Visa, Mastercard and American Express said they were blocking Russian banks from their payment networks following international sanctions in response to Moscow’s invasion of Ukraine. “As a result of sanction orders, we have blocked multiple financial institutions from the Mastercard payment network,” Mastercard Chief Executive Michael Miebach said in … Read more
MOSCOW: Russia’s largest lender Sberbank said on Wednesday it was leaving the European market after coming under pressure from Western sanctions levelled against the state bank in response to Moscow’s invasion of Ukraine. “In the current environment, Sberbank has decided to withdraw from the European market,” the lender said in a statement carried by Russian news … Read more
MOSCOW: The rouble collapsed against the dollar and the euro on the Moscow Stock Exchange on Monday, as the West punished Moscow with new sanctions over the Kremlin’s invasion of Ukraine. The rouble fell sharply at the start of trading, reaching 100.96 to the dollar, compared to 83.5 on Wednesday, the day before the invasion … Read more
President Biden announced further penalties against Russian banks and leaders in the country, intensifying measures to punish Moscow for conducting a large-scale invasion of Ukraine. “Putin is the aggressor,” he says. “Putin chose this conflict, and now he and his people will pay the price,” Mr. Biden said during a White House speech. The president … Read more
