Russia-Ukraine live updates: U.S., Canada and European leaders vow to cut off some Russian banks

4 yıl önce

The United States, Canada and European allies are preparing to target Russian financial institutions, including the nation’s central bank, with major restrictions in what would be a significant escalation of their efforts to punish the Kremlin for its invasion of Ukraine, the allies said in a joint statement Saturday evening.

They vowed to cut those banks off from the SWIFT messaging system, a network that connects banks around the world and is considered the backbone of international finance, The Post has reported.

There would be little precedent for such a move, particularly against a country that has nuclear weapons, and some experts say the step could carry risks if Moscow felt like its money was being held ransom.

In Kyiv on Saturday, outgunned Ukrainian forces held on to their capital after resisting an overnight onslaught that included explosions and bursts of gunfire. As fighting receded during daylight hours, the city remained in government hands. Authorities imposed a 5 p.m. curfew, and air raid sirens could be heard as night fell Saturday evening.

Ukrainians who ventured outside in the afternoon found a city transformed by war. There were sandbags in the streets, burned-out cars and lines at sites distributing guns. The metro had stopped running, its stations now used solely as underground bunkers.

Here’s what to know:

On Saturday morning, a high-rise apartment building near one of Kyiv’s international airports was struck by a missile as air raids continued. A residential building in Kyiv was hit Friday morning.Estonia, Latvia, Lithuania, Romania, Poland, Bulgaria and the Czech Republic have moved to shut their airspace to Russian airlines. Estonia’s prime minister called on all European Union countries to do the same.Ukraine’s health minister said 198 Ukrainians have been killed in the fighting, with more than 1,000 wounded. There were already signs of a mass exodus — the United Nations said Saturday that more than 150,000 Ukrainians have fled the country.Ukrainian President Volodymyr Zelensky posted a video of himself at daybreak Saturday appearing resolved to remain in Kyiv even as Western officials warned that Russia plans to capture or kill him.