Ukraine. Following the Russian invasion, increasingly impactful countermeasures are being taken. Major Russian investment banks are cut off from the SWIFT banking agreement for international payments. Turkey closes the Bosphorus to Russian naval vessels. In addition to the United States, Great Britain, and other countries, the Netherlands, Germany, and Sweden also send lethal weapons to Ukraine. Germany approves a €113 billion increase in military spending. The EU closes its airspace to Russian aircraft and decides to send weapons to Ukraine. This is the first time in the history of the European Union that such a decision has been made.
