13 Oct 2026
Biden not to disconnect Russia from SWIFT
US President Joe Biden announced the imposition of sanctions against Russia because of the military operation in Ukraine.
"Today, I am authorizing additional strong sanctions and new restrictions on what can be exported to Russia. This will cost the Russian economy dearly", he said in an address to the Americans.
He noted that the new restrictions would affect Russian officials, politicians and members of their families. At the same time, he noted that Washington does not intend to enter into hostilities with Russia in Ukraine. "We will protect every millimeter of NATO land", he added.
The American leader further stated that the US and allies would limit Russia’s imports of high-tech products by 50%. In addition to this, new sanctions will affect VTB Bank and the Russian space program.
"We are imposing sanctions on Russian banks, which together control about $1 trillion. We will cut off the largest Russian bank, which holds more than a third of Russian banking assets, from the American financial system", he said.
Besides, Biden said that 27 representatives of the European Union, the United States, Canada, Australia and New Zealand will restrict exports and prohibit the use of their currency. "We will limit the ability of the Russian Federation to do business in dollars, pounds, euros and yens", the president stressed, adding that there are no plans to disconnect Russia from the SWIFT system.
It should be added that Biden did not rule out the imposition of sanctions against Vladimir Putin.
Latest news
Latest newsGeorgia’s Constitutional Court Continues Case on Banning Opposition Parties: Political Pluralism at Stake
12.Oct.2026
Azerbaijan and Iran Step Up Security Contacts Amid Hijab Protests
12.Oct.2026
Personnel Shortages Complicate Ukrainian Forces’ Rotation: Ukraine Faces Long-Term Challenges on the Front Line
11.Oct.2026
Trump Eases Sanctions on Russian Fuel After Talks with Putin: Kyiv Fears Boost to Moscow’s War Revenues
10.Oct.2026
Putin Seeks to Strengthen Russia’s Influence in the Post-Soviet Space Through the CIS
10.Oct.2026
Russia and the South Caucasus: External Pressure, Political Competition and a Crisis of Trust
10.Oct.2026
Peaceful Settlement Between Armenia and Azerbaijan: Moving from Declarations to Implementation
10.Oct.2026
Moldova Ready to Accept as Many Ukrainians as Necessary if Situation Worsens This Winter
09.Oct.2026
Turkmenistan Turns Avaza into a Regional Diplomatic Hub as Caspian, Central Asian and CIS Agendas Converge
08.Oct.2026
Romania Scrambles Spanish F-18s After Aerial Targets Detected Near Ukrainian Border
07.Oct.2026
Berlin Deepens Defence Partnership with Kyiv: Germany to Provide Ukraine with €1 Billion in Military Aid
07.Oct.2026
European Parliament Against Georgian Dream: EU Prepares New Response to Tbilisi
06.Oct.2026
Bulgarian Foreign Minister to Discuss European Security and International Law in the Netherlands
05.Oct.2026
Rheinmetall in Bulgaria: Sofia Emerges as a New NATO Defence-Industrial Hub in the Balkans
05.Oct.2026
The Cost of a Long War: Moscow Expands Spending Plans Through 2029
05.Oct.2026