{"id":543947,"date":"2022-02-27T04:10:57","date_gmt":"2022-02-27T04:10:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/russia-steps-up-assault-on-kyiv-overnight-faces-sanctions-on-its-central-bank-and-being-cut-off-from-swift-global-banking-network\/"},"modified":"2022-02-27T04:10:57","modified_gmt":"2022-02-27T04:10:57","slug":"russia-steps-up-assault-on-kyiv-overnight-faces-sanctions-on-its-central-bank-and-being-cut-off-from-swift-global-banking-network","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/russia-steps-up-assault-on-kyiv-overnight-faces-sanctions-on-its-central-bank-and-being-cut-off-from-swift-global-banking-network\/","title":{"rendered":"Russia steps up assault on Kyiv overnight \u2014 faces sanctions on its central bank and being cut off from SWIFT global banking network"},"content":{"rendered":"

<\/a> Russia stepped up its assault on Kyiv overnight <\/strong>as the war in Ukraine entered<\/a><\/a>its fourth day<\/a>. Here\u2019s what you need to know this morning:<\/p>\n

\u201cHuge explosions\u201d were reported near Kyiv in the early hours of this morning<\/strong> as Russian troops advance on the Ukrainian capital, the Associated Press<\/a> reports. Fighting continues across the country, though it\u2019s unclear just how much of Ukraine is now held by Russian forces.<\/p>\n

The human toll:<\/strong> More than 200 Ukrainians have been killed and another 1k injured \u2014 and some 150k Ukrainians have fled the country so far, the UN High Commissioner for Refugees said yesterday on Twitter<\/a>. Around half of them have fled to neighboring Poland, which along with Romania effectively threw open its borders. There are no casualty figures available for Russian troops.<\/p>\n

The financial toll: <\/strong>Russian bn\u2019aires lost USD 39 bn in wealth<\/a><\/strong> in the first day of the war<\/strong> as Moscow\u2019s benchmark stock market plunged more than 33% \u2014 the fifth-worst one-day plunge in the history of global markets<\/a>, Bloomberg says.<\/p>\n

THE WEST IS GETTING SERIOUS with arms and actions. <\/strong>In a major policy shift, Germany has agreed to supply Kyiv with weapons, going against historical restraint from exporting arms to war zones, Bloomberg<\/a> reports. The US has also pledged an additional USD 350 mn in assistance<\/strong> to Ukraine as its army attempts to hold the capital.<\/p>\n

Some Russian banks are about to be cut off from SWIFT\u2026<\/strong> The US, Canada, UK, Germany, France, Italy and the European Commission announced in a joint statement<\/a> that they would remove \u201cselect\u201d Russian banks from the SWIFT global payments system. That would make it a whole lot more difficult for Russian companies to do business abroad, the Guardian<\/a> and Wall Street Journal<\/a> report. Tns of USD move through the SWIFT messaging system daily.<\/p>\n

\u2026and impose sanctions on Russia\u2019s central bank. This is the big one.<\/strong> Sanctions on Russia\u2019s central bank would be designed to make it difficult for Vladimir Putin to shore up the economy by deploying cash from Russia\u2019s more than USD 600 bn stockpile of reserves. US officials said the measures are designed to \u201csend the ruble into \u2018freefall\u2019 and promote soaring inflation in the Russian economy,\u201d the Associated Press<\/a> reports.<\/p>\n

Putin himself and his Foreign Minister, Sergey Lavrov, have both been hit with personal<\/strong> sanctions<\/strong> by countries including Canada and Australia \u2014 and the US State Department has signaled that Washington may follow suit<\/a>.<\/p>\n

But don\u2019t expect NATO to send troops or impose a no-fly zone <\/strong>\u2014 with pundits pointing out that a no-fly zone would, by definition, find Western countries in direct conflict with Russia.<\/p>\n

There\u2019s plenty of mumbling in Western capitals about finding ways to arm and support<\/strong> Ukrainian rebels for the long term <\/strong>if, as many expect, Ukraine\u2019s army is ultimately overcome by the invading force.<\/p>\n

ISOLATING RUSSIA- Russia finds itself increasingly isolated on the world stage. <\/strong>A total of 11 countries voted in favor of a UN Security Council resolution condemning Russia's invasion of Ukraine. Russia, as expected, used its veto power to block the resolution. Notably, the UAE (which cooperates with Russia on oil policy, among other things), China, and India abstained<\/a> from voting.<\/p>\n

China may be <\/strong>slowly distancing<\/a><\/strong> itself from Russia<\/strong>, with Foreign Minister Wang Yi on Friday calling on all sides to exercise restraint, shortly after President Xi Jinping called Putin to urge him to seek a diplomatic resolution.<\/p>\n

DIGITAL WARFARE- <\/strong>Official Russian government websites became inaccessible yesterday due to reported cyberattacks, reports the Wall Street Journal<\/a>.<\/p>\n

And Big Tech has chosen sides: <\/strong>Youtube has restricted access to Russia\u2019s state-controlled RT and other channels in Ukraine in response to a request from the Ukrainian government, the Wall Street Journal<\/a> reported. In line with US sanctions, the Google-owned platform will be pausing several Russian channels\u2019 ability to monetize their Youtube videos. Facebook joined YouTube in blocking Russian state-backed media from advertising on the site, while Twitter \u2014 which already banned such ads in 2019 \u2014 put a temporary pause on all advertising through its platform in Russia and Ukraine, NPR<\/a> reports.<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia stepped up its assault on Kyiv overnight as the war in Ukraine enteredits fourth day. Here\u2019s what you need to know this morning: \u201cHuge explosions\u201d were reported near Kyiv in the early hours of this morning as Russian troops advance on the Ukrainian capital, the Associated Press reports. Fighting continues across the country, though […]<\/p>\n","protected":false},"author":1,"featured_media":543948,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7264],"tags":[68,72,119,270,238,304,7263,1084],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-war-watch","tag-egx","tag-enterpriseam","tag-financial-markets","tag-russia","tag-tourism","tag-ukraine","tag-war","tag-war-watch","wpautop","entry"],"acf":{"mongo_id":"7b5dd099-c730-4020-b3f8-255161e7db89","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/2\/367.jpg","photo_position":"above","related_issue":[543943],"teaser":"","voice_url":""},"yoast_head":"\nRussia steps up assault on Kyiv overnight \u2014 faces sanctions on its central bank and being cut off from SWIFT global banking network - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/russia-steps-up-assault-on-kyiv-overnight-faces-sanctions-on-its-central-bank-and-being-cut-off-from-swift-global-banking-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia steps up assault on Kyiv overnight \u2014 faces sanctions on its central bank and being cut off from SWIFT global banking network\" \/>\n<meta property=\"og:description\" content=\"Russia stepped up its assault on Kyiv overnight as the war in Ukraine enteredits fourth day. 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Russia\u2019s Deputy Defense Minister Alexander Fomin said that military activity around the capital would be\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543945,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/this-morning-russia-closes-in-on-kyiv-as-west-steps-up-financial-war\/","url_meta":{"origin":543947,"position":1},"title":"THIS MORNING: Russia closes in on Kyiv as West steps up financial war","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"The nastiest war to hit Europe since Yugoslavia disintegrated more than 30 years ago kicked off just after we hit \u201csend\u201d on Thursday\u2019s edition. We think this is going to change a lot of things for all of us \u2014 the business climate this year, how and where we do\u2026","rel":"","context":"In "What We're Tracking Today"","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":545031,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/31\/24-hours-is-a-long-time-in-politics\/","url_meta":{"origin":543947,"position":2},"title":"24 hours is a long time in politics","author":"enterpriseam admin","date":"31 March 2022","format":false,"excerpt":"Competing narratives have emerged from the ongoing Russia-Ukraine peace talks: Russian and Ukrainian negotiators made \u201csubstantial progress\u201d in peace talks in Istanbul, Russian Foreign Minister Sergei Lavrov told state media, the Financial Times reported yesterday. Ukraine\u2019s non-nuclear, neutral status was confirmed during the talks, and that the issues of Crimea\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544570,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/10\/ukraine-neutrality-sisi-talks-to-putin\/","url_meta":{"origin":543947,"position":3},"title":"Ukraine neutrality + Sisi talks to Putin","author":"enterpriseam admin","date":"10 March 2022","format":false,"excerpt":"Ukraine \u201cready for diplomatic solution\u201d: Ukraine is considering Russia\u2019s demand for neutrality in return for security guarantees but won\u2019t give up a \u201csingle inch of territory,\u201d a senior aide to President Volodymyr Zelenskiy told Bloomberg yesterday. \u201cWe are ready for a diplomatic solution,\u201d said Ihor Zhovkva, Zelenskiy\u2019s deputy chief of\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/122.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":544787,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/21\/progress-in-ukraine-russia-peace-talks-says-turkey\/","url_meta":{"origin":543947,"position":4},"title":"Progress in Ukraine-Russia peace talks, says Turkey","author":"enterpriseam admin","date":"21 March 2022","format":false,"excerpt":"Turkey optimistic on peace agreement as Russia issues ultimatum to Mariupol: Turkish Foreign Minister Mevlut Cavusoglu has claimed that Russia and Ukraine are \u201cclose to an agreement\u201d on key areas, in comments picked up by Turkish newspaper Hurriyet. Turkey is acting as a mediator between the two sides and earlier\u2026","rel":"","context":"In "WAR WATCH"","block_context":{"text":"WAR WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/war-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":543959,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/27\/last-nights-talk-shows-its-all-about-russias-war-in-ukraine\/","url_meta":{"origin":543947,"position":5},"title":"Last Night\u2019s Talk Shows: It\u2019s all about Russia\u2019s war in Ukraine","author":"enterpriseam admin","date":"27 February 2022","format":false,"excerpt":"The Russia-Ukraine conflict dominated our airwaves this weekend. 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