Also, the West will freeze the entire currency reserve of the Central Bank of Russia.
The EU and the US have decided to work with Russia on the SWIFT interbank payment system.
Following the negotiations, the heads of the EC (USA, Germany, France, Italy, Great Britain) managed to agree on a partial disconnection of Russia from SWIFT.
As follows from the message of the White House, all Russian banks that have fallen under international sanctions against the background of the start of a military special operation in Ukraine will be excluded from the interbank payment system.
However, it is possible that banks that have not been previously affected by sanctions will not be disconnected from the system.
If necessary, such a decision can be made.
The US Cabinet explained that the new financial sanctions are aimed at isolating Russia’s banking sector from international financial flows and will limit their global activities.
Recall that VTB, Sberbank, Promsvyazbank, Gazprombank, Otkritie, Sovcombank, Novikombank fell under the sanctions of the United States, the EU and the UK.
In addition, the West decided to impose restrictions on the ability of the Central Bank of the Russian Federation to support the ruble through international financial transactions, freezing the entire foreign exchange reserve of $ 630 billion.
As the American official explained to RIA Novosti, these funds would be enough to buy rubles, which compensated for some of the Western sanctions, but now this measure is not available to Russian banks and the Russian ruble will go into “free fall”.
Russians will also be banned from obtaining gold passports, which previously allowed wealthy Russians to obtain citizenship in any EU country.
In other words, sanctions will continue to be imposed on the assets of Russian officials and representatives of elites from the environment of the government of the Russian Federation and their family members, as well as accomplices who are under the jurisdiction of the West.
The parties also agree to create a transatlantic task force that will ensure the effective application of financial sanctions by identifying and freezing assets of sanctioned individuals and companies.
“We will also involve other governments and work to identify and stop the movement of illegally obtained income and deprive these individuals of the opportunity to hide their assets in jurisdictions around the world,” the statement said.
Earlier, Topnews wrote that the Ministry of Economic Development called the most painful block of sanctions against Russia.