Russian banking giant Sberbank has been disconnected from the SWIFT global financial messaging system under a new set of sanctions approved by European Union leaders on Monday. “This sanctions package includes other hard-hitting measures: de-Swifting the largest Russian bank Sberbank,” European Council chief Charles Michel announced following the EU summit.

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Geopolitical conflicts have sparked unprecedented demand, according to Vista Outdoor A scarcity of global gunpowder supplies could trigger a substantial increase in ammunition prices, US company Vista Outdoor has warned, according to a Newsweek report.