EU member states branded a 'disgrace' by the bloc's ex-president Donald Tusk


EU member states branded a ‘disgrace’ by the bloc’s ex-president Donald Tusk after Russian oligarchs are spared sanctions on Gucci loafers

  • EU member states have rejected Boris Johnson’s call to eject Russia from Swift
  • The bloc’s former president, Donald Tusk, branded the members as a ‘disgrace’
  • He rounded on Germany, Italy, Hungary and others after they vetoed the move
  • The Swift secure messaging network forms the bedrock of international trade


EU member states were branded a ‘disgrace’ by the bloc’s former president yesterday after they rejected Boris Johnson’s call to eject Russia from the world’s biggest financial payments system.

Donald Tusk rounded on Germany, Italy, Hungary and others after they vetoed moves to kick Russia out of the Swift network that forms the bedrock of international trade.

Mr Tusk tweeted: ‘In this war everything is real: Putin’s madness and cruelty, Ukrainian victims, bombs falling on Kyiv. 

‘Only your sanctions are pretended. Those EU governments which blocked tough decisions (ie Germany, Hungary, Italy) have disgraced themselves.’

While EU leaders left a Swift ban out of a ‘tough’ package of sanctions – despite a plea from Ukraine’s president Volodymyr Zelensky – Italy got an exemption for its luxury goods industry. 

Donald Tusk (pictured) rounded on Germany, Italy, Hungary and others after they vetoed moves to kick Russia out of the Swift network that forms the bedrock of international trade

Donald Tusk (pictured) rounded on Germany, Italy, Hungary and others after they vetoed moves to kick Russia out of the Swift network that forms the bedrock of international trade

Senior sources said the likes of Gucci loafers and designer handbags were not included in the export ban measures agreed late on Thursday, which focused largely on the high-tech, aviation and energy sectors.

One EU diplomat said Italy’s argument was that banning sales to Russian oligarchs ‘would have been largely symbolic’.

But senior Italian government sources reacted furiously, with one saying the country’s prime minister Mario Draghi ‘did not seek a carve-out on Italian luxury goods – that is categorically untrue’.

Mr Draghi also sparked a row with Mr Zelensky after he told Italian MPs the Ukrainian president had missed a planned phone call yesterday because he was ‘hiding somewhere’.

Mr Zelensky tweeted details of heavy fighting in his country, including deaths, before adding sarcastically: ‘Next time I’ll try to move the war schedule to talk to Mario Draghi at a specific time. Meanwhile, Ukraine continues to fight for its people.’

Mr Zelensky had urged European Commission chief Ursula von der Leyen to back a Swift ban on Russia, saying: ‘Not all possibilities for sanctions have been exhausted yet. The pressure on Russia must increase.’

Latvia’s deputy prime minister Artis Pabriks condemned nations that blocked the move, saying: ‘Some people in Europe are afraid of losing money while other people in Kyiv have to die.’

Boris Johnson (pictured) has been urging allies to back a Swift ban, saying only the harshest economic sanctions will have any effect on Vladimir Putin

Boris Johnson (pictured) has been urging allies to back a Swift ban, saying only the harshest economic sanctions will have any effect on Vladimir Putin

Mr Johnson has been urging allies to back a Swift ban, saying only the harshest economic sanctions will have any effect on Vladimir Putin.

The Prime Minister raised the issue at a G7 summit on Thursday and again at a crisis summit of Nato leaders yesterday. 

He has also raised it in one-to-one talks with fellow leaders, including German Chancellor Olaf Scholz, warning him: ‘Western inaction or under-reaction would have unthinkable consequences.’

A Government source said Mr Johnson ‘is going to keep pushing very strongly for this’.

And Defence Secretary Ben Wallace said yesterday Britain would ‘work all day’ to get the Swift system ‘turned off for Russia’.

EU leaders have said little publicly about their opposition to kicking Russia out of Swift. But diplomatic sources said several countries were concerned about disruption to gas supplies from Russia.

Diplomatic sources said US President Joe Biden sat on the fence on the issue at the G7 summit on Thursday. 

He cited EU concerns as the reason for not going ahead with a ban. 

Q&A: WHAT COULD A BAN ON SWIFT MEAN FOR RUSSIA? 

What is Swift?

The Society for Worldwide Interbank Financial Telecommunication (Swift) is a secure messaging system used by banks to make rapid cross-border payments. 

The Belgian-based system handles around 42million messages a day and is said to account for around half of all major international money transfers.

Would a ban hurt Russia?

Supporters of banning Russia from the Swift payment network, including Boris Johnson and Ukrainian president Volodymyr Zelensky, argue it would cripple Moscow’s ability to trade, cutting off vital revenue from its oil and gas exports. 

Analysis of a Swift ban on Iran in 2012 suggests Tehran lost half of its oil export revenue and 30 per cent of its foreign trade.

Who’s blocking a ban?

Several leading EU countries are opposed to the move, including Germany and Italy. They have not given a public reason but are understood to be concerned that it could lead to the Russian gas supplies on which they depend being cut off. 

Germany gets 49 per cent of its gas from Russia and Italy 46 per cent. France, which said yesterday a Swift ban should be a ‘last resort’, gets 24 per cent.

Could Russia cope?

Russia tried to establish its own payments system when it was threatened with a Swift ban over its 2014 annexation of Crimea, but it has struggled to gain international recognition. 

Some countries, including the US, are concerned that Moscow and Beijing could try to build a rival payments system if Russia is cut out, which they fear could weaken the influence of the West in the long term.

Will it happen?

EU leaders have effectively vetoed banning Russia from Swift for now. But Mr Johnson, along with like-minded allies in countries including Canada and Lithuania, are pushing for the issue to be reopened. 

US President Joe Biden has indicated he is willing to look at it again if the EU drops its opposition. 

Ukrainian leaders have warned that without it, Vladimir Putin will shrug off the impact of other sanctions.

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