The disconnection of Russian banks from the SWIFT system does not have a serious impact on the country’s financial system, declaration In a conversation with Andrey Loboda, FAN economist, communications director at BitRiver. He reminded that the 10 largest credit institutions of the Russian Federation were disconnected from the platform due to previously imposed sanctions, but nothing bad happened and agreements with hostile countries continue as usual.
“The financial world does not live only with SWIFT. “This is by far the world’s most famous instant financial messaging system, but there are also excellent working alternatives that have been successfully localized in China, Iran and Russia.”
At the same time, he added, pulling your money out of Western financial structures can be problematic. According to him, first of all, Russian investors who invest in the shares of Western companies outside the Moscow Stock Exchange may suffer.
The day before the European Commission suggested Disconnect four more Russian banks from the SWIFT system. Among them are Alfa-Bank, Rosbank, Tinkoff and another unnamed bank.