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Swift at work - sanctions do not stop it from handling wire transfers for EU-designated Iranian and Syrian banks (Photo: Swift)

EU sanctions not as tough as they sound

The EU is to add some 25 names to its Syria sanctions list and up to 135 to its Belarus register later this month. But being under an EU ban is not as categorical as it sounds.

When ministers on 27 February announce the measures, they will say the mixed bag of regime officials, companies and tycoons can no longer get EU visas or do business in the Union and that any financial assets in EU countries have been frozen.

The visa ban is rigidly enforced, unless you are travelling to ...

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Swift at work - sanctions do not stop it from handling wire transfers for EU-designated Iranian and Syrian banks (Photo: Swift)

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