Russian banking giant Sberbank has been disconnected from the SWIFT global financial messaging system under a new set of sanctions approved by European Union leaders on Monday.
“This sanctions package includes other hard-hitting measures: de-Swifting the largest Russian bank Sberbank,” European Council chief Charles Michel announced following the EU summit.
The official added that the latest penalties also include banning three Russian state-owned broadcasters, as well as sanctioning individuals allegedly responsible for war crimes in Ukraine.