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Borrell says EU will pull more Russian banks from Swift system

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The EU’s (European Union) High Representative for Foreign Affairs Josep Borrell said yesterday that the sixth package of sanctions against Russia for its “unjustified aggression against Ukraine” will include restrictions and the withdrawal of more Russian banks from the Swift international financial transaction system. about the energy sector.

The European diplomat, who visited Panama, said at a press conference, “Two unfinished dimensions of the sanction process we have implemented will be affected. There will be more Russian banks coming out of Swift in the banking sector.”

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“In the energy sector, we are working to prepare proposals to limit energy imports from Russia, especially on the basis of oil,” said the EU representative.

According to the diplomat, so far, five sanctions packages have been approved, which include bans on financial and state institutions, as well as on officials, officials and oligarchs affiliated with the Kremlin.

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While refraining from specifying the banks involved, European diplomatic sources indicated that Sberbank, the largest Russian bank representing 37% of the market, would be on the list.

Borrell will attend a meeting today with foreign ministers from Central America and the Caribbean to discuss the implications for the region of the conflict between Russia and Ukraine.

The EU, which buys two-thirds of its oil from Russia, wants to cut the financing of the Kremlin’s war plans. “My team in the EU’s Foreign Relations political committee is working to prepare the sixth package of sanctions. I believe that measures can be taken to significantly limit these imports at the next Foreign Relations Council (on the 16th),” he said. borrell

“This requires the agreement of all member states. At least as far as oil imports are concerned, I’m sure it will be possible until the next council,” he said.

source: Noticias

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