Exclusion of Russian Banks from SWIFT and Related Financial Measures (2022–present)

1. Russia invades Ukraine; sanctions planning accelerates

   Feb 24, 2022Labels: Russia, Ukraine, EU

   • Consilium
   • EU Finance

2. EU bans reserve-management transactions with Russia’s central bank

   Feb 28, 2022Labels: European Union, Central Bank

   • Consilium
   • Banka Slovenije

3. EU adopts SWIFT messaging-services ban for seven banks

   Mar 2, 2022Labels: European Union, SWIFT

   • EU Finance
   • EU Parliament
   • Banka Slovenije

4. SWIFT disconnections take effect for the first banks

   Mar 12, 2022Labels: SWIFT, VTB

   • EU Law
   • Banka Slovenije
   • EU Parliament

5. EU expands SWIFT ban to Sberbank and two more banks

   Jun 3, 2022Labels: European Union, Sberbank

   • EU Law
   • Banka Slovenije

6. Second wave of SWIFT disconnections takes effect

   Jun 14, 2022Labels: SWIFT, Sberbank

   • EU Law

7. EU frames SWIFT ban as part of wider bank restrictions

   Jan 1, 2024Labels: European Union, Bank Restrictions

   • Consilium

8. EU bans EU operators from connecting to Russia’s SPFS

   Jun 25, 2024Labels: European Union, SPFS

   • EU Law
   • Consilium

9. EU adds transaction limits tied to third-country SPFS users

   Jun 25, 2024Labels: European Union, Third Countries

   • EU Law
   • Consilium

10. EU converts SWIFT bans into full transaction bans

    Jul 1, 2025Labels: European Union, Transaction Ban

    • Consilium

11. EU reports the transaction ban now covers dozens of banks

    Dec 1, 2025Labels: European Union, Belarus

    • Consilium

12. End state: SWIFT bans embedded in a wider financial-isolation toolkit

    Mar 1, 2026Labels: European Union, SWIFT

    • Consilium
    • EU Law