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Reuters
Reuters
Politics
Maria Tsvetkova and Aleksandar Vasovic

Western allies to expel key Russian banks from global system; Ukraine vows to fight on

A damaged vehicle is seen at the site of a fighting with Russian raiding troops after Russia launched a massive military operation against Ukraine, in Kyiv, Ukraine February 26, 2022. REUTERS/Valentyn Ogirenko

Western allies announced sweeping new sanctions against Moscow on Saturday, including kicking key Russian banks off the main global payments system, as a defiant President Volodymyr Zelenskiy said Ukrainian forces were repelling Russian troops advancing on Kyiv.

Seeking to ratchet up economic punishment for Russian President Vladimir Putin over his invasion of Ukraine, the United States and its European partners also said they would impose restrictions on Russia's central bank to limit its ability to support the rouble and finance his war effort.

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