(Finance) – The EU continues to study the perimeter for the exclusion of Russian banks from the SWIFT system, as part of the sanctions imposed on Moscow for illegally invading Ukraine. The European Commission’s proposal is under review by Coreperthe body that brings together the ambassadors of the 27 member countries, which should speak by today, also in view of the Ecofin meeting tomorrow.
In the proposal 7 Russian banks appearamong which Gazprombank does not figure, the financial company of the energy giant that handles transactions related to gas supplies. This would therefore make it possible to solve the problems related to supplies from various European countries including Italy and Germany.
Among the institutions excluded from SWIFT, the international system where information relating to cross-border payments passes, instead there would be VTB Bankone of the largest Russian institutes with branches all over the world.