Broad wave of solidarity.
(Photo: imago images/ZUMA Wire)
Düsseldorf, New York, Brussels, Berlin, Frankfurt The EU, US and other Western allies further isolated Russia’s financial system over the weekend. For one, they want to freeze the assets of the Russian central bank. On the other hand, the country’s most important credit institutions are to be excluded from the Swift banking communication network. This emerges from a communication from the EU Commission, the USA, France, Italy, Great Britain and Canada.
The sanctions do not isolate Russia from global finance to the same extent as the restrictions imposed on Iran. Nevertheless, experts assume that the consequences for the country – and possibly also for the western financial markets – will be considerable.
The measures are also symbolic: there have never been penalties against the central bank of one of the 20 large industrialized countries.
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