Russia (bbabo.net), - Disconnection of Russia from the international interbank system SWIFT, as has been emphasized more than once, is not considered. However, disconnecting from SWIFT does not mean the end of payments.

SWIFT is a messaging system that allows bank employees to negotiate with each other about transactions. Inside Russia, you can do without it (since there is a Financial Message Transfer System - SPFS), and for foreign operations you will have to use other systems, which will create some technical problems. The problems themselves will be resolved, although this may lead to inconvenience for customers and higher fees for payments outside of Russia.

A ban on settlements in US dollars for Russian banks is more possible. It will be possible to get around this measure only with a selective introduction of a ban: the relevant banks will simply stop conducting transactions in US dollars, closing their accounts in them, and will make payments in other currencies (rubles, euros, and so on). The ban on all Russian banks to pay in dollars will lead to losses for US banks, as their operations will be reduced, although these losses will be small, says Anton Prokudin, chief macroeconomist at Ingosstrakh Investments.

Strengthening sanctions on Russian government debt - a ban on transactions with old issues of Russian government bonds - will only lead to losses for Western investors, who will be forced to sell all these bonds at any price, adds Prokudin. Now about 20% of government bonds are owned by non-residents, in OFZ, according to him, this amount is about $43 billion.

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