Russia in SWIFT. Turn off or not?

Newspaper "Vedomosti" Today it comes out with material that concerns the previously heard statements that Russia can be disconnected from the interbank system of communication channels SWIFT. According to the publication, referring to two sources familiar with situations, Russia is not going to disconnect from SWIFT. Both sources, in turn, refer to the statement of the general director of the SWIFT office in Russia, Gottfried Laybrandt.

Speaking at the business forum, Lybrandt noted that Russia will not be disconnected, since SWIFT is an independent network structure that does not accept any external pressure on its business activities.

It is noted that SWIFT will not respond to those or other calls to disconnect the segments from the overall structure, if any.

It was added that even in 2014 and 2015, SWIFT made statements that there would be no disconnections of Russia from the interbank system of communication channels.

For reference: SWIFT is a community of interbank world communications. It was created 45 years ago to unite in a global system of banks in Western Europe and North America. The system provides money transfers between banks without opening accounts in these banks by those who transfer. The transaction goes through the so-called transit accounts of SWIFT participants.

Is it possible in the present conditions to believe that the "hegemon" will not make a SWIFT offer that they cannot refuse there ...

Comments

[Logall]

Of course, no one will turn off ... There is always an alternative! And this is a big financial loss and a competitor ...
When a similar threat sounded the last time, then the tools for a possible replacement were already worked out ...
China will be just happy!

[NIKNN]

Quote: Logall

Of course, no one will turn off ... There is always an alternative! And this is a big financial loss and a competitor ...
When a similar threat sounded the last time, then the tools for a possible replacement were already worked out ...
China will be just happy!

Actually, this is very serious! How then to buy American securities? We will not survive this and .... I'm even afraid to imagine what will happen then ...

[KAV]

Quote: NIKNN

Actually, this is very serious! How then to buy American securities? We will not survive this and .... I'm even afraid to imagine what will happen then ...

Just like in the Soviet animated film "Oh and Ah" ... Who is talking about, and you all "groan" ...

[NIKNN]

Quote: KAV

Just like in the Soviet animated film "Oh and Ah" ... Who is talking about, and you all "groan" ...

And what remains if America does not like us and does not want to play with us ...

[Monos]

Is it possible in the present conditions to believe that the "hegemon" will not make a SWIFT offer that they cannot refuse there ...

And himself, of his own free will, will give up control of cash flows? Any Payment in foreign currency goes through American banks.

[gukoyan]

"And what remains if America does not like us and does not want to play with us ..."
Also do not play and do not write in their pot))))

[NIKNN]

Quote: gukoyan

Also do not play and do not write in their pot))))

HERE, here, and we have half snot coming out all the way, I’m saying that they more than we need this swift with us ... I’m storing the money in the bank and I know where I put it to the bank, but I don’t know the swift ...

[reservist]

Quote: NIKNN

How then to buy American securities?

And how then will Gazprom receive currency for gas sold to Europe?
As in the last century - by telex, or as the year before last - in cash?

[NIKNN]

Well, who buys gas? Let the suitcase bring payment, and Gazprom deliver through the pipe, but do not turn off the pipe ...

[reservist]

yes it’s clear that they will find a way, but it’s also clear that it will be additional time and financial costs ...

[NIKNN]

Quote: reservist

yes it’s clear that they will find a way, but it’s also clear that it will be additional time and financial costs ...

Well, we didn’t turn off the swift. What kind of demand is there with us, they will make an advance payment in advance of costs,

[Piramidon]

Quote: reservist

And how then will Gazprom receive currency for gas sold to Europe?

In a standard case "diplomat", they say, lemon cash can be shoved.

[NIKNN]

Quote: Piramidon

Quote: reservist

And how then will Gazprom receive currency for gas sold to Europe?

In a standard case "diplomat", they say, lemon cash can be shoved.

The sea container is larger

[reservist]

I believe about lemon in a suitcase, but Gazprom counts billions ...

[Piramidon]

Quote: reservist

Gazprom’s billions go ...

And these are their problems. 1000 suitcases and here you have a billion.

[alex3075]

They will print papers of 1,5,10 billion euros. And they’ll bring it in your pocket 10 years in advance.

[Alex-a832]

Quote: reservist

As in the last century - by telex, or as the year before last - in cash?

If necessary, EU countries will be forced to connect to an alternative system and in an alternative currency. Otherwise - energy collapse. These are ideal conditions for Russia to impose its rules of payments. China is also in the game.

[helmi8]

Quote: reservist

As in the last century - by telex, or as the year before last - in cash?

We need gas - and they’ll bring it in a suitcase. Lived before this system? Well, yes, it’s faster, more convenient. Only. There is nothing critical, therefore, they will not be turned off, because themselves will be in a big loss.

[Felix]

Quote: reservist

And how then will Gazprom receive currency for gas sold to Europe?

A lining bank will be created in China under Chinese jurisdiction, and payments will be driven through it.

[Roma 1977]

Yes, the best is gold. But the question is whether consumers have so much gold, remains open ...

[your1970]

actually it’s very serious - you won’t get money from an ATM !!! and you won’t even be able to withdraw manually through the cashier - if your account is open in another region.
It will take some time to normalize the situation and complete the transition to the world - and these are wild lines at banks for cash dough ...

[Alex-a832]

Quote: Logall

There is always an alternative! And this is a big financial loss and a competitor ...

Most importantly, the alternative system will be in the alternative dollar currency. There was a petrodollar, but there will be a petroleum yuan, for example, or a petroleum ruble. This will be the beginning of a quick finish for the global dollar system. For this reason alone, they don’t want to disconnect us from the “swift”, but I would like some Western “partners” (we will not poke a finger in the USA) to learn how to live only on their own earnings, and not from the world casino, fraud, blackmail, robbery and killings.

[evil partisan]

They say that the Russian analogue of SWIFT is even more advanced in the sense of algorithms and software implementation. Dzhangirov once spoke as one authoritative Ukrainian economist who had graduated from Novosibirsk University (matmash). He told about this. Eric Neumann's kind of name.

[reservist]

connected to SWIFT due to international payments
at one time they connected to conduct real-time ruble transactions, so as not to wait for the money to “go through” the central bank accounts
the Russian counterpart can and must solve the problem of the efficiency of ruble settlements, but what about foreign correspondent banks ...

[Semen1972]

Quote: reservist

the Russian counterpart can and must solve the problem of the efficiency of ruble settlements, but what about foreign correspondent banks ...

No way. Disabling SWIFT will already be a hit below the belt. These are not tomahawks in the desert to bullet. And since Russia is still part of the global economy, and this will affect all market participants, they won’t shoot themselves in the foot .. They’re not the deputies of the Duma of the Russian Federation or warriors from the couch, the more tin the better.
And to maintain the style of the forum ... After disabling SWIFT, we, as decent people, will simply have to deliver a missile and bomb strike on US bases. This is called an asymmetric response. If we are hit in the economy, catch our rockets. And let the whole world burn in nuclear ashes ... there are things that can not be tolerated. Putin did not tolerate, she will shy away from all missiles and there is no enemy! Only this way and no other way !!!

[reservist]

Vnesheconombank of the USSR joined SWIFT in 1989, before that it worked by telex (maybe this method still exists and works somewhere now)
in 2014, the Russian traffic at SWIFTnet finally got to 13th place and a representative from Russia appeared on the board of directors of SWIFT, i.e. we are of course part of the global economy, but it can be the same as with Iran in 2012 ...
and so-so nothing idea because of the Belgian financial cooperative to smash the military American bases ...

[Semen1972]

Quote: reservist

and so-so nothing idea because of the Belgian financial cooperative to smash into military US bases ..

Well, as much as sanctions can be procrastinated, our grandfathers’s victory is taken away, then in Syria ... On TV from morning till night one America and the West .. They filled my mouth, it’s better to die, even if we see the war game alive. This is better than the torture of our foreign policy and the media with nightingales different.

[reservist]

And something prevents either turning off the TV, or to get to the former lands of the Great Don Army?

[Slovak]

Will the same “hegemon” for Russian goods be paid in cash? Carry in your suitcases?

[evil partisan]

Quote: Slovak

Will the same “hegemon” for Russian goods be paid in cash?

Only in gold! Yes. And tungsten under the guise of gold can no longer be steamed ...

[andrej-shironov]

Do not disconnect! Do not expect! How else will international oligarchs rob the Russian people? They, like the Russian authorities, cannot shoot themselves in the foot.

[Semen1972]

Quote: andrej-shironov

How else will international oligarchs rob the Russian people?

Which international oligarch robbed you ???????? Sue him !!!! To bomb everyone, Everyone’s head off his shoulders !!! Personally, our, domestic, patriotic, family and close oligarchs perfectly rip me off by installing all kinds of platons, etc., we compensate for our costs.

[andrej-shironov]

Personally, our, domestic, patriotic, family and close oligarchs me perfectly rip off by installing all sorts of platons, etc., we compensate for our costs

Namely, our local are vassals of those who are higher.

[Sergey985]

SWIFT control over transactions from Russia. That’s the whole story.

[Separ]

If they turn it off, they will immediately lose huge profits, disconnect a country like Russia from this system - a shot to yourself is not like keeping up ... in the head.

[reservist]

the share of Russian segment traffic in SWIFT is very modest
those. the matter is probably not in profit / loss, but in reputational costs, because Russia is still not Iran, which was shut down in 2012 ...
if SWIFT will regularly disconnect its members (which, according to its charter, as a rule become its own shareholders), then sooner or later they will simply cease to connect to it and use its services

[Vard]

The price of our RD 180 engine is $ 2000 per kilogram ... F-35 15000 ... It seems to me or it seems we are being a little fooled with the price ...

[Corsair0304]

Quote: Vard

The price of our RD 180 engine is $ 2000 per kilogram ... F-35 15000 ..

I don’t understand why we supply our adversary with our engines

[Semen1972]

Quote: Corsair0304

I don’t understand why we supply our adversary with our engines

Maybe, what would s / n pay and pensions? Or is it the turn of these engines? Although, by and large, I agree with you .. I would rather cut people in place of leadership than supply the United States. Nothing ... they’ll go into business .. in the end, the village needs to be raised .. This is better than betraying the national interests and security of the Motherland !!!

[Corsair0304]

SWIFT is a network independent structure that does not accept any external pressure on its business activities.

If the hegemon asks himself such a question as closing SWIFT, he will succeed. Otherwise, the whole horde of bank directors will remember with a smile the misadventures of Domijk Strauss-Kahn. Yes, and nobody closed the secret hegemonic prisons (as a last resort, for the most dull).

It’s another matter that in the current conditions, banks really make a big profit from Russia's participation in this system, and no one in their right mind cuts a dairy cow ...

[Operator]

It is always possible to make settlements with foreign banks in the old way - through bilateral correspondent accounts without using electronic systems such as SWIFT.

In an extreme case, one authorized VTB type bank will be created in the Russian Federation, which will open its correspondent accounts with foreign banks, and all other Russian banks will conduct foreign settlements through VTB using the electronic system of the Central Bank of the Russian Federation.

Payment discipline in foreign settlements of domestic banks will immediately rise to the level of the State Bank of the USSR

Supporters of Russia’s disconnection from SWIFT are in fact pure bills - S. Lavrov (s).

[reservist]

+1
nobody has yet canceled the use of bank clients

[Semen1972]

Quote: Operator

In an extreme case, one authorized VTB type bank will be made in the Russian Federation,

Why didn’t you? Is it not more important than a ban on the supply of pills from the United States? What are we waiting for??
And most importantly ... and Putin’s message doesn’t say anything to them. They did not understand that the Sarmatians are already hungry and are eager for battle ???

[NF68]

Speaking at the business forum, Lybrandt noted that Russia will not be disconnected, since SWIFT is an independent network structure that does not accept any external pressure on its business activities.

How many have you heard this word / words-independent, independent, independent, and so on. and etc. in cases when it comes to Western structures and other things. WADA, for example, is also an independent structure. But for some reason, these independent Western structures often behave as very dependent on Western customers.

[reservist]

SWIFT is registered as a cooperative in Brussels, in the 2012 they had to fulfill the European Union requirements to stop providing services to Iranian banks, i.e. history, of course, can be repeated, but actually in SWIFT itself it is unlikely that they will be happy ...

[Mentat]

Quote: NIKNN

Quote: Logall

Of course, no one will turn off ... There is always an alternative! And this is a big financial loss and a competitor ...
When a similar threat sounded the last time, then the tools for a possible replacement were already worked out ...
China will be just happy!

Actually, this is very serious! How then to buy American securities? We will not survive this and .... I'm even afraid to imagine what will happen then ...

Nothing. Even American securities (oh horror) can be bought, as if nothing had happened. Only the number of pieces shifted from one pile to another will increase slightly.

[Dormidont]

Of course they’ll disconnect. Only it will be sudden. At dawn. Together with strikes on all fronts

[reservist]

SWIFT seems to have warned about Iran’s shutdown
In February 2012, the US Senate approved sanctions against SWIFT so that it would disconnect Iranian banks that were under sanctions, and Iran’s actual disconnection from SWIFT was March 15

[senima56]

You can say anything!

[Dr. Hub]

They consider it necessary, turn off. And the methods of influence on those who make decisions (and these are also people with their weaknesses and passions) are worked out. Remember WADA, the Olympic Committee, European leaders ... You can list endlessly, someone will agree, they will put pressure on someone ... Let's hope this doesn’t come to that

[kventinasd]

Enter - do not enter, disconnect - do not disconnect. Enter and disconnect, it is better to be prepared, so, just in case.

[APASUS]

They will never disconnect, disconnection means the beginning of the war.
1 The fact is that, like all banking activities, SWIFT brings a certain profit.
2 Control over SWIFT allows Americans to always be aware of financial flows; no one has canceled intelligence.
3 The West not only receives money from Russia, but also uses it when transferring money for our energy resources. Disconnecting Russia from SWIFT will lead to the temporary loss of our companies from the global energy business. This direct jump in oil, gas, energy and the consequences may not be entirely clear.

[NF68]

Quote: reservist

SWIFT is registered as a cooperative in Brussels, in the 2012 they had to fulfill the European Union requirements to stop providing services to Iranian banks, i.e. history, of course, can be repeated, but actually in SWIFT itself it is unlikely that they will be happy ...

And who will SWIFT management ask? Americans have long been gradually shutting off oxygen to European concerns that are active in Russia.

[Rusticolus]

C'mon, just SWIFT.
We have gotten over here, Roskomnadzor in pursuit of imaginary terrorists will soon block the entire Internet.

https://akket.com/raznoe/96725-roskomnadzor-v-bor
be-s-telegram-zablokiroval-svoyu-sistemu-blokirov
ki.html

[Vasilenko Vladimir]

The Vedomosti newspaper today comes out with material that relates to earlier statements that Russia could be disconnected from the interbank system of communication channels SWIFT.

SWIFT will remain neutral in the conflict between Russia and the West and will not disconnect it from the system of financial payments due to sanctions. This was announced by the CEO of the system, Gottfried Leibrandt, at the SWIFT business forum in Moscow

Read more at RBC:
https://www.rbc.ru/finances/18/04/2018/5ad726c69a
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[keeper03]

Disconnect already !!! We have our own World! We are not afraid!

[Vasilenko Vladimir]

return the cons
before URYAYAY scream, study a subject

[Sergg]

Why would they destroy their banking system, a disconnection of Russia will affect everyone and undermine the reputation of the banking system as a whole. There will be no shutdown.

[gukoyan]

"... is it possible in the current conditions to believe that the hegemon will not make an offer to SWIFT that they will not be able to refuse ..."
Normul do not breathe, do not.