G7, EU Discuss Sanctions to Target 'Russian SWIFT'

TEHRAN (Tasnim) - The G7 countries and the European Union are discussing the ways to target third-country banks that allegedly help Russia evade sanctions, Bloomberg said citing sources.

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According to them, these measures would target third-country financial institutions using the Bank of Russia's Financial Messaging System (SPFS) which replaced SWIFT, TASS reported.

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