1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i Russias Invasion of Ukraine: New Financial and Trade Sanctions Updated March 4, 2022 On February 24, Russia launched a full-scale invasion of Ukraine. On February 26, the leaders of the European Commission (the European Un
2、ions main executive body), France, Germany, Italy, the United Kingdom, Canada, and the United States announced that specific Russian banks will be removed from the SWIFT (Society of Worldwide Interbank Financial Telecommunication) financial messaging system, as well as measures to prevent the Russia
3、n central bank from accessing a portion of its international reserves. Between February 22 and February 25, the United States and allies also expanded sanctions on Russian sovereign debt, Russias two largest banks (Sberbank and VTB, which account for about 50% of banking assets in Russia), and techn
4、ology exports to Russia, among other targets. For more on U.S. and allied responses to Russias invasion, see CRS Insight IN11869, Russias Invasion of Ukraine: Overview of U.S. and International Sanctions and Other Responses, and CRS Insight IN11866, Russias Invasion of Ukraine: NATO Response. SWIFT
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