Representatives of the sanctioned banks say that disconnecting SWIFT will not significantly affect their work.
Since June 14, EU authorities have disconnected the largest Russian bank Sberbank, as well as Rosselkhozbank and Moscow Credit Bank from the SWIFT interbank system as part of the sixth package of sanctions against Russia because of the war in Ukraine . This was reported on Tuesday by the BBC’s Russia service.
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As you know, at the end of May, these sanctions were agreed by the EU Council after long consultations. A few days later, most of the restrictions began.
Meanwhile, representatives of the sanctioned banks claimed that disconnecting SWIFT would not affect their work.
“Sberbank said they are working as usual, and the disconnection of SWIFT does not change the situation in international settlements,” the report said.
At the same time, Moscow Credit Bank noted that transactions within Russia will continue as before, however, when making payments abroad, the terms of their execution may increase.
Rosselkhozbank said that the necessary conditions have been created in the Russian banking system to ensure uninterrupted autonomous operation.
Earlier, seven Russian banks were disconnected from SWIFT: VTB, Otkritie, Novikombank, Promsvyazbank, Russia, Sovcombank and VEB (Vnesheconombank).
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.