Western allies agree new financial sanctions against Russia

Ukrainian officials said 198 civilians had been killed since the Russian invasion.

Western allies agreed on Saturday to a fresh round of financial sanctions against Russia for its invasion of Ukraine, including taking the key step of banning a number of Russian banks from the SWIFT interbank system.

In a joint statement, the White House said the group of world powers was “committed to continuing to impose costs on Russia that will further insulate Russia from the international financial system and our economies.”

As Ukrainian forces resist the Russian advance, Western officials say there is genuine interest in ensuring President Vladimir Putin pays the maximum price for the invasion.

Ukrainian officials said 198 civilians, including three children, had been killed since the Russian invasion on Thursday, and warned that Russian saboteurs were active in Kiev as explosions rocked the capital, forcing residents to flee to safety underground.

But, on the third day of the Russian invasion, Ukrainian President Volodymyr Zelensky vowed that his country would never give in to the Kremlin. Washington said the invasion force had a “lack of momentum”.

Here are the updates on the Russian-Ukrainian crisis:

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The United States and its allies agree to exclude Russia from the global payment system SWIFT
Germany and its Western allies have agreed to bar Russia from the SWIFT global payments system, a German government spokesman said on Saturday, in a third round of sanctions aimed at halting Russia’s invasion of the ‘Ukraine.

The sanctions, agreed with the United States, France, Canada, Italy, Britain and the European Commission, also include limiting the Russian central bank’s ability to support the rouble.

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