SWIFT announced an unchanged position due to the possible disconnection of the Russian Federation from the system

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The position of the international system for transferring interbank payments SWIFT regarding its possible disconnection from Russia remains unchanged. This was announced on Friday, April 30, by the Russian National Association SWIFT (Rosswift).

“Due to recent publications on the issue of disconnecting Russia from SWIFT, SWIFT’s position remains unchanged,” Rosswift said in a statement posted on the website on Friday, April 30.

At the same time, the SWIFT website notes that the system fully complies with all laws on sanctions. However, the responsibility for ensuring that individual financial transactions comply with sanctions laws rests with the financial institutions conducting them and their competent authorities.

“SWIFT is just a messaging service provider and has no involvement or control over the underlying financial transactions that are referenced by its financial institution customers in their messages,” it said.

It became known yesterday that the European Parliament (EP) adopted a resolution calling for sanctions against the Nord Stream 2 gas pipeline project, as well as for disconnecting Russia from SWIFT in the event of an aggravation of the situation in Ukraine. The document noted that the EU “must understand that the cost of such a violation of international rights and norms will be serious.”

State Duma Deputy Ruslan Balbek, in turn, said that this document is not a resolution, but a report on the work done to the American senior. He stressed that it is no secret to anyone that the European Parliament is “subject to the mania of Russophobia.”

Russian Foreign Minister Sergei Lavrov noted on April 28 that the country has a base for creating its own analogue of SWIFT. According to Lavrov, there should be a guarantee against damage that, in theory, could be additionally caused by third parties.

On April 29, the first deputy head of the international committee of the Federation Council, Vladimir Dzhabarov, said that the EU would have to pay for oil in cash in suitcases if Russia was disconnected from SWIFT.

The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is an international interbank system for data transmission and payments, to which more than 11 thousand of the largest organizations are connected in almost all countries of the world.