Financial Crime Financial Crime

Russia's Swift removal will ‘effectively’ block trade with EU, Dombrovskis says

By Joanna Sopinska
  • 28 Feb 2022 18:07
  • 28 Feb 2022 18:07
Cutting key Russian banks from the Swift international payment system would “effectively” block Russian imports and exports, EU trade chief Valdis Dombrovskis has said.
The bloc’s ban on exports of critical technologies such as semiconductors or aircraft spare parts will also significantly limit Russia’s production capabilities, he added.

The EU, along

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Joanna Sopinska

Senior Correspondent

Joanna covers trade in Brussels. Formerly trade editor of EU Trade Insights, she has many years' experience reporting on trade, investment policy and foreign affairs. Before that, she spent nine years at Europolitics news agency writing on trade, agriculture policy and foreign affairs. Before moving to Brussels in 2006, Joanna worked as an analyst at the Polish Institute of International Relations (PISM) in Warsaw.

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