Russia Again Warns SWIFT Disconnection A Real Possibility In "Sanctions Spiral" | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

Russia Again Warns SWIFT Disconnection A Real Possibility In "Sanctions Spiral"

Russia is again warning of the impending threat of the West blocking its banks from using the SWIFT payment system amid a broad "spiral of sanctions" - in the words of director of the Economic Cooperation Department (DEC) of the Russian Foreign Ministry Dmitry Birichevsky.

"It's no secret that there are threats, primarily from the United States, to disconnect Russia from the SWIFT system," he described in Monday statements to a national broadcaster. It's certainly not the first time that Western allies have threatened such. The threat to cut off Russia from the global system for financial messaging and cross-border payments which acts as the protector of the dollar reserve system has lingered for the past half-decade, going back to the initial Crimea crisis and the start of war in eastern Ukraine, and recently repeated in an EU resolution.

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