Three Belarusian banks have been excluded from the Swift financial messaging network as the EU imposes further financial sanctions against warring forces in Uktaine.
For Belarus, the measures introduce Swift prohibitions similar to those
in the Russia regime, blocking access to Belagroprombank, Bank
Dabrabyt, and the Development Bank of the Republic of Belarus, as well
as their Belarusian subsidiaries.
Reflecting fears that Russia
may attempt to use cryptocurrencies to subvert financial sanctions, the
EU confirmed the common understanding that "loans and credit can be
provided by any means, including crypto assets".
With this in
mind, the bloc has clarified that crypto assets fall under the scope of
'transferable securities' and are subject to the same restrictions
already in place for other asset classes.
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