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Reuters
Reuters
Business

Bank sanctions are a sharper sword than cutting Russia off SWIFT, German minister says

FILE PHOTO: German Foreign Minister Annalena Baerbock briefs the media following a meeting of German government's crisis unit, at the foreign ministry in Berlin, Germany, February 24, 2022. Markus Schreiber/Pool via REUTERS

The package of banking sanctions that the European Union is imposing will hit Russian President Vladimir Putin's government harder than excluding Russia from the SWIFT payments system, German Foreign Minister Annalena Baerbock said.

Speaking from Brussels, she said Russia's offer of talks with Ukraine to be held in Minsk had not even been discussed at the meeting of European Union foreign ministers she was attending, since it was a "poisoned offer".

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