The first hours of punishment "Swift", the deadly ... red screens and a currency collapsing

European Western sanctions against Russia via "Swift" and other sanctions on European stock exchanges, but Japanese stocks rose.

European stocks

European stocks fell today, Monday, with Western countries imposing new strict sanctions on Russia, while oil prices have risen fears of excessive inflation..

By 0810 GMT, the European Stoxx 600 index fell 2.1%, German Dax a% and Vinongice Times 0.s%.

The validity of the sanctions imposed by the European Union began on the Russian Central Bank

The sanctions imposed by the European Union began on the Russian Central Bank after its publication in the Union's Official Gazette in the early hours of Monday morning.

European sanctions on Russia include a ban on Russian Central Bank's transactions, according to European Commission President Orzola von der Line.

All assets owned by the Russian Central Bank will be frozen, with the aim of stopping funding for the war launched by Russian President Vladimir Putin on Ukraine.

This is an expensive procedure for Russia, just like the exclusion of Russian financial institutions from the Swift Global System.

The word "Swift" is an abbreviation of the "World Financial Communications Association between banks", and the Swift system constitutes a global financial artery for the transfer of money across the border easily and quickly, and it links thousands of banks and financial institutions in dozens of countries in the world.

European sanctions on Russia, in addition to those imposed by the Group of Seven Great Industrial Countries, means that about half of the financial reserves of the Russian Central Bank will be frozen, according to European Union Foreign Affairs official Josep Borrell yesterday evening Sunday evening.

According to the experts, this means that Russia will not be able, for example, to use all its foreign currency reserves to achieve the stability of its currency, the ruble, which has already witnessed a decline, which would put more difficulties on Russian citizens.

Borrell explained that the matter will not affect the entire foreign exchange reserves in Russia, as it is not all of it as Western currencies.

It is expected that today, Monday, the decision to exclude Russia from the "Swift" system will be issued today, Monday.The European Union also intends to impose more sanctions on Belarus, Russia's ally, Russian wealthy, businessmen and politicians.

In a sudden move, Swiss President Antasio Cassis said, "It is likely that" his government will decide on Monday to freeze Russian assets in the country, according to the Swiss SDA news agency..

Kasis pointed out that his country will follow the example of other countries in imposing sanctions on Russian President Vladimir Putin, which will be on.However, he made it clear that any final decision related to freezing capital must take into account the neutral situation of Switzerland.

The Swiss president had previously indicated his country's neutrality and said that Bern would not impose sanctions despite Russia's invasion of Ukraine.Switzerland is a major financial position for the Russians.

Crude oil prices jumped about 5%, while the Russian ruble fell by about 30% to a low record after Western countries imposed sanctions that include the isolation of major Russian banks from the global payment system Swift.

The shares of the most exposed European banks decreased on Russia, including the Austrian Rivies, UNICRECIDIT, and his Generale between 6.3% and 15.8%, while the bank index in the wider euro area decreased 5.a%.

The share of B. Corporation declined.B, major energy companies listed in London, 4.1% after the company, the largest foreign investor in Russia, announced the exit from the Russian government oil company Rosneft at a cost of up to 25 billion dollars.

The share of the French company Renault, which has a predominant stake in the Russian auto industry, Aftovaz 6.s%.

Japanese stocks

While the Japanese stocks changed their path to be closed at a height, while investors hope to achieve torn talks between Russia and Ukraine, a positive result, which limited concerns about the economic impact of strict sanctions imposed by the West on Russia.

And the standard Nikki index 0.1s% ليغلق عند 26526.82 points after its decline 0.8% earlier today, instead of the broader Topics index also its previous losses to rise 0.57% recording 1886.93 points.

The United States and its allies moved last Saturday to prevent certain Russian banks from entering the Swift Global System for Financial Payments in Bank.

The Ukrainian President's office said that negotiations with Moscow without preconditions will take place on the border between Belarus and Ukraine.On Sunday, the Russian news agency TASS reported, quoting unveiled sources, that the talks will start on Monday morning.

The Nikki index has lost about 8% and the Topics index 5% since the beginning of the year.

Today, Nikki strengthened the rise of Fast Retiling, the owner of the Uniclopic clothes store 0.1%.Soft Banking Group shares compensated for a loss of 1.1%, and the oil companies' stocks index increased 2.6 percent.

The euro is retreating and the ruble falls

The Russian ruble fell about 30% today, Monday, the euro fell 1% against the dollar, and the demand for the franc, Swiss and Japanese yen increased as safe havens after Western countries imposed strict new sanctions on Russia after their invasion of Ukraine..

The Western allies intensified their efforts to impose new sanctions on Russia, including preventing certain Russian banks from entering the Swift Global System for Financial Payments between Banks and imposing restrictions on Moscow's ability to use foreign reserves of $ 630 billion and closing its air fields in front of Russian aircraft.

What increased the markets of the Russian President, the "deterrent forces", which include nuclear weapons, put in a maximum alert.

The ruble fell to a record level, recording 120 robes for the dollar, as analysts say that these measures are expected to crush the country's economy..

The euro fell 0.8% to 1.11745 dollars and to 129.2 yen and down 0.s% أمام الفرنك السويسري.

The rise in the dollar has receded to settle its index, which measures its value against six main currencies over 97.128.

In an attempt to manage the repercussions of the new sanctions, the Russian Central Bank raised the main interest rate sharply to 20 percent, a day after it was announced a series of procedures to support local markets.

Russian President Vladimir Putin put the nuclear deterrent forces on Sunday.