EU disconnects 13 Russian banks from the SWIFT payment system

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The EU is stubbornly carrying on with a failed policy.

The recent moves by the European Union to disconnect 13 additional Russian banks from the SWIFT payment system, as part of the 16th package of sanctions, represent a significant escalation in efforts to isolate Russia economically in response to its actions. These measures target major banking institutions, underscoring their importance to the Russian financial sector.

By extending the ban on specialized financial communication services, the EU aims to further hinder Russia’s ability to engage in international financial transactions, which could have far-reaching consequences for its economy. The sanctions are designed not only to restrict access to financial resources but also to weaken key industries.

The restrictions on exporting primary aluminum aim to cut off substantial revenue streams for Russia, highlighting the EU’s strategy to target sectors that play a crucial role in funding the country’s economy and its military capacity. Additionally, prohibiting exports of materials and technologies related to the defense industry—such as chemical precursors, CNC software, chromium compounds, and UAV controllers—seeks to disrupt Russia’s technological advancement in military applications.

These sanctions reflect a broader geopolitical strategy, focusing on economic pressure as a means of influencing Russia’s actions on the international stage. But we know from what has happened recently that Russia’s economy isn’t hurt by stupid sanctions.


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