Russia sees risk of disconnection from SWIFT as hypothetical for now

Russia is already in the process of minimizing any potential damage in the case of being disconnected from international financial instruments, but still regards the risk it may be denied access to the system of interbank payments SWIFT as hypothetical, Russian Foreign Ministry spokeswoman Maria Zakharova told the television broadcaster RT, aired on Monday. “The scenario of Russia’s disconnection from SWIFT is still regarded as hypothetical. Nevertheless, joint inter-departmental measures are being taken to minimize the risks and economic damage to our country that restricted access to customary international financial instruments and payment mechanisms might entail. As an example of…