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EU, UK, Canada, US plan to cut some Russian banks from swift

6 min read . Updated: 27 Feb 2022, 07:09 PM IST Laurence Norman, The Wall Street Journal

The latest measures are the third set of Western sanctions issued in response to Russia’s invasion of Ukraine. (Photo: Reuters) — The latest measures are the third set of Western sanctions issued in response to Russia’s invasion of Ukraine. **(Photo: Reuters)**

Group will also take measures to paralyze the activities of Russia’s central bank in the latest response to the Kremlin’s attack on Ukraine

BERLIN : The US, European Union, Canada and UK announced new sanctions against Russia, saying they planned to cut some Russian banks off the Swift financial network and would take actions to prevent Russia’s central bank deploying its more than $600 billion in reserves to help Russia’s economy.

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