The EU is preparing to exclude 20 banks from SWIFT as part of sanctions against Russia — Bloomberg

The European Commission is considering the possibility of disconnecting more than 20 banks from the SWIFT system as part of a package of new sanctions against Russia, Bloomberg reports.

The sources of the publication also reported that the European commissioners also intend to raise the issue of lowering the price ceiling for Russian oil and introducing restrictions against the Nord Stream project.

According to people familiar with the situation, the European Commission is consulting with member states about these plans. A decision on the timing of the introduction of potential restrictions has not yet been made.

The European Union is also considering the possibility of introducing additional transaction bans for about two dozen banks and new trade restrictions worth about 2.5 billion euros ($2.84 billion), in an effort to further reduce Russia's revenues and its ability to obtain the technology needed to produce weapons.

Moscow has repeatedly stated that Russia will cope with the sanctions pressure that the West began to exert on Russia several years ago and continues to strengthen.

Earlier, EADaily reported that the G7 countries threatened to tighten anti-Russian sanctions if a ceasefire with Ukraine was not reached in the near future.