If the West follows through with its threats to shut Moscow out of the SWIFT financial transaction system, other states will feel the consequences, Russia’s finance minister has cautioned.
Speaking as part of an interview with Rossiya 24 TV channel on Thursday, Anton Siluanov warned, “who benefits from the disconnection from SWIFT? No one.”
“They only screw themselves over, as they say,” the minister said, pointing out that “Russia is a participant in the global market.”
According to Siluanov, such a move would hinder European companies that actively trade with Moscow.
“What will happen to European consumers of hydrocarbons [if SWIFT is cut off in Russia]? How will they pay us? Or will they refuse our exports? No, of course not. Will they have to settle the payment? Yes,” he explained.