Germany main opponent of Sberbank shutdown from SWIFT - Bloomberg

09 March 2022, 22:19 | Economy
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Germany is the main state resisting attempts to add Sberbank to the list of Russian financial institutions cut off from SWIFT. It is reported by Bloomberg, citing sources..

Sberbank excluded from the initial list of banks that disconnected from SWIFT as part of the decision to protect transactions related to energy.

The publication notes that Germany has repeatedly called for caution in this step during the diplomatic meetings held in recent days.. This is also noted in the relevant documents, which the publication has reviewed..

German Chancellor Olaf Scholz also publicly called for restraint on sanctions that could affect energy.

Germany's stance risks divisiveness in a key aspect of allied efforts to punish the Kremlin for its war with Ukraine, the newspaper notes..

Other major Western European governments, including Italy, will support Sberbank's disconnection from SWIFT if there is a unified position.



Technical work on Sberbank and SWIFT continues, according to another European official.

Germany also expressed concern about the proposed proposals to limit access to ports. Germany claims that this measure may affect trade in goods that are not subject to sanctions.

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Recall that the first seven Russian banks were disconnected from the SWIFT system a week ago, and the Russian Federation is also prohibited from supplying euros.




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