SWIFT representative ruled out disconnecting Russia from the system

by time news

Russia will not be disconnected from the international payment system SWIFT, since it is not beneficial to anyone, Roman Chernov, executive director of the Russian National SWIFT Association (Rossvift), said during a speech in the State Duma.

“They are not going to disconnect us from SWIFT. Why? It’s very simple – it’s not beneficial to anyone, ”he said (quoted by TASS).

The fact that Russia is not going to be disconnected from SWIFT was announced by the First Deputy Governor of the Bank of Russia Olga Skorobogatova on May 18. Today she also confirmed the absence of risks on this issue.

At the same time, Russian Foreign Minister Sergei Lavrov at the end of May called the European Union (EU) an unreliable partner and said that the scenario of disconnecting the country from this system cannot be ruled out. At the same time, he clarified that the government and the Central Bank are preparing possible solutions in this case.

The initiative to disconnect Russia from SWIFT has been repeatedly voiced by European and Ukrainian politicians. On April 29 this year, the majority of the European Parliament (EP) deputies supported the resolution, which proposed, among other things, to disconnect Russia from the system. However, this document is not binding, but acts as an EU recommendation.

The SWIFT system allows you to transfer information and make payments between banks in different countries. More than 11,000 financial organizations from more than 200 countries of the world, including Russia, are connected to it.

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