Russian markets finish the day 33% lower


The European Union wants to “hit” the Moscow leadership with its package of further sanctions regardless of whether SWIFT is included, according to a senior EU diplomat. 

Earlier on Thursday, CNN reported that the bloc was undecided as to whether to cut Russia off from SWIFT, a high-security payment network that connects thousands of financial institutions around the world.

The diplomat told journalists in a briefing that the combination of Tuesday’s package alongside the fresh package due to come into effect from Friday, will be “really concentrated to hit the leadership in Moscow and those around Mr. Putin and profiting from this war.”

EU leaders are expected to discuss these sanctions during an emergency summit in Brussels on Thursday evening. 

The diplomat told CNN that they expected “leaders to focus on sharing their thoughts and political positions on the big things and not on discussing in details certain measures.”

“We want the biggest…

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