Swift effect
MOSCOW, January 25. /TASS/. The European countries will not be able to receive gas, oil and metals from Russia in case Russia is disconnected from the SWIFT international payment system, Nikolay Zhuravlev, Vice Speaker of the Federation Council, told TASS on Tuesday. The Federation Council is the upper house of the Russian parliament.
Earlier, British Prime Minister Boris Johnson said that the UK government is discussing with the United States the possibility of disconnecting Russia from SWIFT in case of the country’s allegedly possible invasion of Ukraine.
"SWIFT is a settlement system, it is a service. Therefore, if Russia is disconnected from SWIFT, then we will not receive [foreign] currency, but buyers, European countries in the first place, will not receive our goods - oil, gas, metals and other important components of their imports. Do they need it? I am not sure," Zhuravlev said.