Sanctions against Russia: European banks in the dark

The texts are piling up at full speed. Difficult for the European banks, these last days, to have a clear and complete vision of the sanctions taken against Russia. Latest development to date, the European Union welcomed on Wednesday that the member states had “adopted new targeted sanctions in the context of the situation in Ukraine and in response to the involvement of Belarus in the aggression”. .

Like their Russian counterparts, three Belarusian establishments will be cut off from Swift payment messaging. And as with certain sanctions imposed on Russia, European banks will be called upon to implement them. Among the measures on which the Member States have agreed: “prohibit the acceptance of deposits greater than 100,000 euros from nationals or residents of Belarus” or “the sale of securities denominated in euros to Belarusian customers “.

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