Russian central bank, SWIFT targeted by White House, Canada and European allies

“Putin embarked on a path aiming to destroy Ukraine. But what he is also doing in fact is destroying the future of his own country,” European Commission President Ursula von der Leyen said Saturday.

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In response, she said, “we will paralyze the assets of Russia’s central bank. This will freeze its transactions. It will make it impossible for the central bank to liquidate assets.”

In a joint statement by European nations, the United States, Britain and Canada, the countries announced they had come to an agreement on what appear to be unprecedented measures to “ensure that this war is a strategic failure for Putin.”

“As Russian forces unleash their assault on Kyiv and other Ukrainian cities, we are resolved to continue imposing costs on Russia that will further isolate Russia from the international financial system and our economies,” the statement said. “We will implement these measures within the coming…

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