EU announces new sanctions on Belarussian banks, prohibits transactions with Central Bank of Belarus

The EU announced on Wednesday that it is to restrict the provision of SWIFT services to major Belarussian banks, including Belagroprombank, Bank Dabrabyt, and the Development Bank of the Republic of Belarus, as well as their Belarusian subsidiaries, reported Reuters. The EU will also prohibit transactions with the Central Bank of Belarus related to the management of reserves or assets and the provision of public financing for trade with and investment in Belarus.