Headline for “CBS Weekend News” on Sunday, February 27, 2022


U.S. and allies target “Russian fortress” with new sanctions including SWIFT ban

The United States and its allies moved on Saturday to block access to the SWIFT international payment system by certain Russian banks to further punish Moscow, which continues its military attack on Ukraine. Measures, including restrictions on the Central Bank of Russia’s foreign exchange reserves, will be implemented in the coming days, countries said in a joint statement https://www.whitehouse.gov/briefing-room/statements-releases/2022/02 / 26 / joint-statement-on-further-restrictive-economic-measures also pledged further action in the future. Leaders from the European Commission, France, Germany, Italy, Britain, Canada and the United States said, “We will seek explanation from Russia and collectively guarantee that this war is a strategic failure for Putin.”