Russian banks responsible for financial services for oil and gas exports have not been removed from the SWIFT system by the EU – Xinhua English.news.cn

Summary

[Russia’s banks that undertake financial services for oil and gas exports have not been removed from the SWIFT system by the European Union]The European Commission announced on March 2, local time, the list of seven Russian banks that were removed from the SWIFT system, excluding Sberbank and Natural Gas. Industrial Bank (Gazprombank). The two banks are considered the main payment channel for European purchases of Russian oil and gas. EU officials said the two banks would also be limited in their operations. Figures released by Eurostat on the same day showed that energy prices in the euro area in February 2022 rose by 31.7% year-on-year, an increase of 3 percentage points from the previous month. (CCTV News Client)

The European Commission announced on March 2, local time, the seven Russian companies that were removed from the SWIFT systemBanklist, which does not include Russian Federation savingsBank(Sberbank) and the gas industryBank(Gazprombank). The two banks are considered the main payment channel for European purchases of Russian oil and gas. EU officials said the two banks would also be limited in their operations.

Figures released by Eurostat on the same day showed that energy prices in the euro area in February 2022 rose by 31.7% year-on-year, an increase of 3 percentage points from the previous month.

(Article source: CCTV News Client)

Article source: CCTV News Client

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Original title: Russian banks responsible for oil and gas export financial services have not been removed from the SWIFT system by the EU