Sberbank and Gazprombank stay with SWIFT

Sanctions have entered into force in the EU, excluding some Russian banks from the SWIFT system. Among the banks on the list of banks to be cut off from the SWIFT system are Otkrytije, Nowikom, PSB, Bank Rossija, Sowkom, VEB, and VTB. However, there were no two large institutions on the list, the largest lender in Russia, Sberbank, and Gazprombank, which is partially controlled by Gazprom.

According to EU officials, the omission of two banks is due to the fact that they handle payments for…