Explainer: Disconnecting Russia’s banks: Sberbank faces SWIFT removal
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.
Explainer: Russian banks isolated, UK cuts insurance ties with Moscow
Britain will ban Russian companies from London’s multi-billion dollar aviation and space insurance market, the latest restrictions Western allies are imposing to isolate Russia from international financial markets.
