RIA Novosti agency referring to Oleg Prozorov, Director General of the Belgian-Luxembourg Chamber of Commerce (CCBLR) in Russia WroteThe disconnection of Russia from the international settlement system SWIFT significantly slowed trade between the Russian Federation and the European Union.
“Of course, everyone has suffered from the Russian banks breaking out of the SWIFT system. By the way, this Society of Worldwide Interbank Financial Communication Channels, headquartered in Brussels, was a member of our chamber, ”says Prozorov’s agency.
As the publication says, now every transfer from Russia requires the intervention of a special department. The clause states that it must check for the presence of enforcement components in a particular transaction.
Anton Siluanov, previously head of the Ministry of Finance of Russia, in an interview with RT declarationThat the disconnection with SWIFT, Visa and Mastercard did not affect the stability of domestic financial transactions in the Russian Federation. He explained that the Finance Ministry “feels” that foreign assets are freezing, but that Russia is “redirecting from West to East rather quickly”.