London Daily

Focus on the big picture.
Tuesday, Mar 31, 2026

Brussels Wants SWIFT Shut-Off, Halt to Russian Energy Use 'If Ukraine Aggression Continues'

Brussels Wants SWIFT Shut-Off, Halt to Russian Energy Use 'If Ukraine Aggression Continues'

Tensions in war-torn eastern Ukraine between Kiev and the breakaway Donbass republics escalated this spring after the Ukrainian government mobilised its troops, prompting Donbass leaders to express fears of a general offensive. Moscow, which serves as a guarantor of the Minsk peace agreements, has urged calm and warned Kiev against any escalations.

Over 50 European Parliament lawmakers have tabled a resolution proposing disconnecting Russia from the SWIFT payment system and halting the purchase of Russian oil and gas supplies if Moscow's alleged "aggression and continued destabilisation of Ukraine, hostile behaviour towards and outright attacks on EU member states and societies" escalates into military action.

In a draft resolution tabled on Wednesday "on Russia, the case of Alexei Navalny, the military build-up on Ukraine's border and Russian attacks in the Czech Republic," the group of mostly Eastern European lawmakers suggested that if the current tensions over Ukraine turn into an outright Russian invasion, imports of "oil and gas from Russia to the EU [must] be immediately stopped, while Russia should be excluded from the SWIFT payment system, and all assets in the EU of oligarchs close to the Russian authorities and their families in the EU need to be frozen and their visas cancelled."

The resolution does not clarify what might provoke Russia to "invade" Ukraine. Moscow has repeatedly urged the current government in Kiev to make good on its commitments under the Minsk peace accords.

The resolution goes on to blame Moscow for the deterioration of the security situation in eastern Ukraine, and criticises Russia for suspending "the right of innocent passage for warships and commercial vessels" through the Kerch Strait until 31 October.

Calling opposition vlogger Alexei Navalny "Russia's best known anti-corruption activist and opposition politician," the resolution demands his immediate release, and calls for an investigation into the alleged "poisoning" and "assassination attempt" against him. Navalny was imprisoned after returning to Russia in January over breaches of probation to his suspended sentence in a 2014 fraud case.

The resolution goes on to accuse Russia of a litany of crimes, including election meddling, "the use of disinformation, deep fakes, malicious cyberattacks, sabotage and chemical weapons," and the latest claims of Russian involvement in arms depot blasts in the Czech Republic, and urges the EU to "reduce its dependence on Russian energy," stop the completion of the Nord Stream 2 pipeline project and cancel multi-billion-dollar nuclear power plant construction projects with Rosatom.

Relations at Low Point and Could Get Worse


Also on Wednesday, European Union foreign policy chief Josep Borrell told reporters that relations between Moscow and Brussels were at a "low point" and could deteriorate further in the future. Borrell accused Russia of "pretending" to be a neutral mediator in the conflict in eastern Ukraine, and claimed Moscow was not interested in the realisation of the Minsk agreements.

"Up to now, Russia has shown no willingness to end the conflict on terms that would safeguard Ukraine's sovereignty, territorial integrity and independence. For Russia, the full implementation of the Minsk agreement is not a key condition. For us, it is," he alleged.

Under the terms of the Minsk accords, signed in early 2015 in the Belarusian capital after months of brutal fighting between Kiev forces and militias in the regions of Donetsk and Lugansk, the breakaways would return to Ukrainian jurisdiction in exchange for broad autonomy. The two sides made good on their promises to halt fighting and move heavy military equipment away from the line of contact, but the agreement's implementation has since been stalled, with Ukrainian lawmakers refusing to proceed with the legislation to grant the Donbass autonomy.

Earlier on Wednesday, in an interview with Sputnik, Russian Foreign Minister Sergei Lavrov accused Western nations of trying to convince Moscow to "soften" the Minsk accords and to change the sequence of the implementation of its provisions, and warned that doing so would lead to a massacre of its residents.

Newsletter

Related Articles

0:00
0:00
Close
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
Eli Lilly Seeks UK Pricing Deal to Unlock Renewed Pharmaceutical Investment
Three Arrested in UK After Massive Cocaine Haul Discovered Hidden in Banana Shipment
UK Fuel Prices Poised for Further Surge Amid Global Energy Pressures
Apple Subsidiary Penalized by UK Authorities for Breach of Moscow Sanctions
Western Allies Intensify Coordinated Sanctions Strategy Against Russia
UK Lawmakers Face Criticism Over Renewed Push for Social Media Restrictions
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
UK Housing Divide Deepens as Older Owners Hold Wealth While Under-30s Face Mounting Barriers
London Demonstration Calls on UK to Recognize Iranian Opposition’s Provisional Government
UK Green Party Vote on ‘Zionism is Racism’ Motion Collapses Amid Internal Disputes and Technical Failures
SNL UK Ignites Debate with Sharp Royal Satire Targeting Prince Andrew and Prince William
EU Proposes ‘Emergency Brake’ to Resolve Deadlock in UK Youth Mobility Talks
Thousands Rally in London to Oppose Rise of Far-Right Movements
Hong Kong Official Rejects Allegations of Surveillance Orders Targeting UK-Based Dissidents
PayPal Expands Cryptocurrency Services to Allow UK Users to Buy and Sell Bitcoin
UK Minister Challenges Reform Party’s ‘Pro-Family’ Agenda as Debate Intensifies
Concerns Grow Over Meningitis Risk Among UK Students Amid Warning Signs of New Outbreaks
Japanese Grand Prix 2026: Schedule, UK Start Times and Full Broadcast Details
Electric Vehicles Seen as Strategic Solution to UK Fuel Reserve Concerns
Rise of Lone-Actor Threats and Online Radicalisation Drives New Wave of Antisemitic Attacks in the UK
Canada Advances Plan to Ban Cryptocurrency Donations in Election Campaigns
UK Faces Looming Medicine Shortages as Iran Conflict Threatens Supply Chains
Deadly Meningitis Outbreak in the U.K. Highlights Urgent Need for Vaccination
Fresh Claims Emerge Over Harry and Meghan’s Australia Visit as Insider Speaks Out
NATO Assessment Indicates UK Defence Spending Has Fallen Below Alliance Average
FTSE 100 Slips as Middle East Tensions Weigh on Investor Sentiment
UK Economy Begins to Feel Early Impact of Iran Conflict as Policy Challenges Intensify
Russian National Jailed in UK After Assault Case Linked to Barron Trump’s Alert
Energy Price Surge Accelerates Shift Away from Fossil Fuels in UK Homes
UK Museums House More Than 260,000 Human Remains, New Report Reveals
Surging UK Gilt Yields Reflect Inflation Pressures and Fiscal Uncertainty
UK Issues Updated Guidance on Children’s Screen Time with Focus on Balance and Wellbeing
UK Migration Figures Show Shifting Trends Across Asylum, Visas and Channel Crossings
UK Watchdog Launches Probe into Five Firms Over Alleged Fake Reviews and Ratings
Jaguar Land Rover Halts Production at UK Plant Amid Supplier Disruption
UK Police Reverse Position, Confirm Arrests Will Resume for Palestine Action Protests
UK Small Businesses Face Europe’s Steepest Cost Pressures, New Survey Reveals
US Envoy Urges UK to Proceed with King’s Visit Amid Diplomatic Sensitivities
FTSE 100 Drops Over One Percent as Middle East Tensions Weigh on Markets
UK CO2 Plant Set to Reopen as Authorities Move to Safeguard Supplies Amid Middle East Tensions
×