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Ukraine war

EU blocks seven Russian banks from SWIFT for Ukraine invasion

Sberbank, country's largest, and Gazprombank spared from sanction

The European Union blocks seven Russian banks from the SWIFT global payment system.   © Reuters

BRUSSELS -- The European Union said Wednesday it will impose additional sanctions on Russia by blocking seven of its banks from the SWIFT payment network, a move that further isolates the country from the international financial system amid its ongoing invasion of Ukraine.

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