The European Union has adopted a decision
to take several Russian banks out of the SWIFT global financial messaging
system over Russia’s invasion of Ukraine, according to an EU Council decision
published on March 2.
The list of affected Russian banks includes Bank Otkritie, Novikombank, Promsvyazbank, Bank Rossiya, Sovcombank, Vnesheconombank (VEB), and VTB Bank.
The decision shall enter into force on the date of its publication in the Official Journal of the European Union.