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EU Considers Disconnecting Russian Banks from SWIFT, Lowering Oil Price Cap
The European Union is considering further sanctions against Russia, potentially disconnecting over 20 banks from the SWIFT international payment system. This action, along with a planned reduction in the price cap for Russian oil, aims to further pressure the Russian economy. "The EU is waking up," stated the video presenter, @ukrainian_survivors, highlighting the significance of these measures. The sanctions also include a ban on Russian and Belarusian fertilizers, adding to the economic strain. These combined actions represent a significant escalation in the economic warfare against Russia. The impact on the global economy remains to be seen, but the EU's decisive steps signal a continued commitment to supporting Ukraine.
24 days ago
CZ
European Union
news summary
sanctions