Since March 17, the EU has closed access to SWIFT 11 Russian banks

In particular, access to SWIFT will be closed for banks Ak Bars, Uralsib, Tochka, Sinara, National Reserve Bank, Roseximbank, Primsotsbank, BBI, Kuznetskbusinessbank, MB Bank, Kuban Credit Bank, as well as for non-bank credit organization Payment Designer and non-bank credit organization St. Petersburg Settlement Center. According to these banks, the disconnection from SWIFT will not affect their work. Cross-border payments can be made without this system, including in national currencies through foreign jurisdictions. Until a few years ago, SWIFT was the main payment processing system, through which almost all the world’s banking operations passed. However, in 2014, when the West first threatened to disconnect Russia from the system, major countries began to create their own payment processing systems. So, in Russia created a system of transfer of financial messages (SPFS). In February, the EU imposed a ban on foreign credit and financial institutions to work with SPFS. The head of VTB Andrey Kostin said in January that it is necessary Information is leaked through this system to the enemies of Russia. President The BRICS countries are working on Like SWIFT. drop out Vladimir Putin creation

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