Europe Bans Russian Media Outlets, Banks From Global Payments System SWIFT
NDTV
The United States and Western allies have sought to cripple Russia's banking sector and currency with a barrage of sanctions.
The European Union banned Russian state media outlets RT and Sputnik from broadcasting in the bloc while banning "certain" Russian banks from the SWIFT bank messaging system Tuesday, the EU's presidency said.
The moves, due to come into force Wednesday after publication in the official journal of the EU, come as Brussels intensifies its sanctions regime on Moscow in response to Russia's invasion of Ukraine.
Representatives of the 27 EU member states also agreed a ban on participating in projects co-financed by the RDIF sovereign wealth fund.
The United States and Western allies have sought to cripple Russia's banking sector and currency with a barrage of sanctions.
