‘To Cripple Putin’s…’: West unleashes SWIFT bans on Russia over Ukraine invasion

The United States & European nations agreed to impose crippling financial penalties on Russia over its Ukraine invasion. The president of the European Commission Ursula von der Leyen said the allies would stop Russia from ‘using its war chest’. “We commit to ensuring that a certain number of Russian banks are removed from SWIFT. This will ensure that these banks are disconnected from the international financial system, and harm their ability to operate globally.” She added, “We will stop (Russian President, ed) Putin from using his war chest. We will paralyse the assets of Russia's central bank. This will freeze its transactions, and it will make it impossible for the central bank to liquidate assets.” Watch the full video for more.