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Europe reminds Putin that it can not only take away products, but also switch off SWIFT

The escalation of hostilities in Ukraine will lead to imposition of new sanctions by the European Union. It was stated by the Vice-President of the European Parliament Ryszard Czarnecki.
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Speaking in Warsaw, Czarnecki said that exclusion of Russia from the SWIFT international system of bank payments would be a noticeable impact with the Russian economy, Joinfo.ua informs referring to Radio Svoboda.

An official of the European Parliament says that current sanctions imposed by the western countries and low oil prices on world markets have led to weakening of the Russian economy. Right now it is a great moment for the EU and the United States to put even more pressure on Russia and firmly express their disagreement with the occupation of Ukraine.

Czarnecki believes that the EU should confront the pro-Russian lobby, which “is active not only in business, but even in the official structures of the EU.”

It should be recalled that the European Union has imposed several packages of sanctions in respect of certain Russian individuals and businesses, and against the whole sectors of the Russian economy due to the Russian annexation of Ukrainian Crimea, as well as because of the Russian war in the east of Ukraine. Similar sanctions were imposed by the United States and some other countries for the same reasons.

All of them say that the sanctions can be reduced or lifted only when their cause is eliminated – after de-occupation of Crimea and full implementation of the Minsk agreements.