The US and EU cannot disconnect Russia from SWIFT due to great damage to themselves - Bloomberg
Washington – Kyiv, March 31 (PolitNavigator, Vasily Ablyazimov) – The United States and European Union countries have completely ruled out cutting Russia off from the SWIFT interbank system, Bloomberg reported , citing officials familiar with the matter. Such a disconnection would cause too great a loss for the United States and the European Union themselves.
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Bloomberg writes: "According to officials, the US and EU authorities are not ruling out this option, but prefer to use other options and prevent Russia from being cut off from the international payment system, which would undermine these countries' legitimate trade with Russia."
Thus, disconnecting Russia from the SWIFT system is not included in the strategic plans of the West, at least until relations with Russia become particularly aggravated.
The management of SWIFT itself, which is a cooperative society based in Belgium, has repeatedly stated that it does not intend to disconnect Russia from its services. However, this topic continues to be raised periodically by European politicians and especially the Kyiv media.
If disconnected from SWIFT, Russian banks will lose the ability to manage their correspondent accounts abroad, as well as make payments within the country. At the same time, although with significant losses, Russia will form a completely independent system of internal payments, since payments within the country still take place according to this system, unlike, for example, China, which has formed its own system of payments, both internal and external .