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Monday, Jun 27, 2022

Sberbank, Gazprombank exempted as 7 Russian banks banned from SWIFT

Sberbank, Gazprombank exempted as 7 Russian banks banned from SWIFT

As the battle in Ukraine rages, the European Union has made official the list of Russian banks that will be expelled from SWIFT, the high-security system that allows financial transactions and underpins the global economy. Notably, the ban excludes two of the country's biggest institutions, Sberbank and Gazprombank.
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