Russian Deputy PM: Our Banks Are Ready To Turn Off SWIFT
Russian financial institutions are prepared to survive without access to SWIFT (The Society for Worldwide Interbank Financial Telecommunication) – the global dollar-based interbank payments network – should the US and European Union follow through with threats to cut it off, according to Deputy Prime Minister Arkady Dvorkovich.
“Certainly, it is unpleasant, as it will prove a stumbling block for companies and banks, and will slow down work. It will be inevitable to deploy some aged technologies for information transfer and calculations. However, the companies are technically and psychologically ready for the shutdown as this threat was repeatedly voiced,” Dvorkovich said, according to TASS and RT, adding that such a dramatic step would negatively corporations doing business in the US and Europe.
“In general, disconnecting Russia from SWIFT would be a crazy step on the part of our Western partners. It is obvious that for the companies which work in Europe and the US it would be harmful. And this applies not only to the shutdown of the service,” he said.
The US and European Union have been periodically threatening to disconnect Russia from SWIFT since 2014 (over SWIFT’s own objections), when the conflict in Ukraine flared up and the two powers introduced the first round of international penalties against Moscow for its alleged involvement….
“Alleged involvement” is right. Ukraine was a NATO-sponsored coup from the beginning, and crimea’s split from ukraine was a very commonsensical and democratically chosen act to fend off an imminent genocide of ethnic russians by the western-backed nazis in kiev, as you can prove to your heart’s content by searching for ukraine on this blog.
But anyway, the fact that our great leaders are quite content to destroy the US economy in pursuit of their wet dreams of global empire should raise questions to average americans about washington’s plans for them when they’re starving in the streets. Surely you don’t think they haven’t planned ahead?