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U.S, allies cut some Russian banks off from SWIFT

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4 years ago

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Western allies are preparing new sanctions against Russia for its military action in Ukraine, including banishing key Russia banks from the main global payments system – SWIFT.

As Russia continues its assault against Ukraine, Western leaders are hardening their economic resolve against Putin.

The U.S., Canada, Europe and Britain moved on Saturday to block some Russian banks from SWIFT, the main global payments system.

The new measures will be implemented in the coming days, and include restrictions on Russia’s central bank.

The West wants to prevent Putin from accessing $630 billion in foreign currency reserves he could use to finance his war and prop up a plunging rouble.

European Commission President Ursula Von Der Leyen said the measures prevent Russia from using its “war chest.”

”We are resolved to continue imposing massive costs on Russia, costs that will further isolate Russia from the international financial system and our economies… “

”Putin embarked on a path aiming to destroy Ukraine, but what he’s also doing, in fact, is destroying the future of his own country.”

Cutting Russian banks out of the SWIFT system deals a blow to Russian trade and makes it harder for Russian companies to do business.

SWIFT, or the “Society for Worldwide Interbank Financial Telecommunication”, is a secure messaging network that facilitates rapid cross-border payments.

It has become the principal mechanism for financing international trade.

Each year, trillions of dollars are transferred using the system.The allies on Saturday also pledged to limit the sale of citizenship via so-called golden passports used by some wealthy Russians to gain residency in Western nations

From our partner at Reuters – Flora Bradley-Watson reports

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SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality

SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.

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15 hours ago

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December 12, 2025

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SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.


Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.

Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.

Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.

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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech


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Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan

Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.

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15 hours ago

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December 12, 2025

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Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.


Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.

Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.

As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.

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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates


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Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos

Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.

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15 hours ago

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December 12, 2025

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Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.


Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.

The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.

Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.

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