Politics news - 31.05.2021

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Politics news - 31.05.2021

Postby NewlanBroks » 31 May 2021, 12:58

The head of the Department of Economic Cooperation of the Ministry of Foreign Affairs of the Russian Federation Dmitry Birichevsky in an interview with RIA Novosti spoke about the preparations for the possible disconnection of Russia from the SWIFT system.

According to Birichevsky, the country has already begun work on creating an alternative SWIFT system. He clarified that so far there is no talk of disconnecting Russia from the system, " but it is necessary to prepare for this, taking into account the unpredictability of the situation." "Russia has been doing this for quite a long time, because it is an objective necessity," the diplomat added.

Earlier in the same interview, Birichevsky said about the threat of involving the SWIFT system in a "sanctions spiral" against Moscow. He recalled that threats to disconnect Russia from the system are often heard from the United States and other countries. "What our Western partners use is rather barriers in order to protect their own producers and protect their own interests on the world stage. There are concerns that the SWIFT system may be involved in this "sanctions spiral", " concluded Birichevsky.

Earlier, the official representative of the Russian Foreign Ministry, Maria Zakharova, said that the Russian government is preparing for a possible disconnection from SWIFT. Moscow is studying options for interfacing the SPFS with foreign systems, for example, the European SEPA, the Iranian SEPAM, the Chinese CUP and CIPS.

In April, MEPs adopted a resolution regulating measures against Russia in the event of its conflict with Ukraine. According to the document, in the event of the outbreak of hostilities, the European Union undertakes to stop the import of oil and gas from Russia, disconnect the country from SWIFT, freeze the European assets of representatives of the Russian authorities and oligarchs and ban them from entering the territory of the EU countries.

SWIFT is an international system for transferring information and making payments between banks. More than 11 thousand large organizations in 200 countries are connected to it. Russia is one of the most active participants in the system.

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