Russia may be cut off from the SWIFT system

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If Russia’s policy does not change in the near future, it may be disconnected from the international interbank money transfer system SWIFT

The United States considers an effective preventive approach to sanctions against Russia and will strengthen them. In an interview, the Ambassador of Ukraine Volodymyr Yelchenko said this RBK-Ukraine

In particular, if Russia’s policy does not change in the near future, it may be disconnected from the international interbank money transfer system SWIFT.

“In the future, restrictions will increase in the future. If Russia still behaves this way today, and I think it will not change in the near future, they will also wait for such sanctions in the form of disconnection from the SWIFT system, ”Yelchenko said.

Also, he explained why the United States has been threatening to disconnect from the system since 2014, but has not done so yet.

“The point is that disconnecting from the SWIFT system will negatively affect Russia’s partners. That is a very cautious position in many other countries. But if Russia has such abusive behavior, they will also wait for it. “

According to the diplomat, at one time the issue of banning regular flights from Russia to the United States was considered, as well as freezing bank accounts of some high-level Russian officials.

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At the end of last year, the international interbank system SWIFT introduced a new service for transferring and paying information, which allows you to pay in seconds. The service combines real-time gpi, banks and internal fast payment systems.

Read: Swift postpone migration for ISO 20022: reasons given

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