Putin offers condolences over UN Ambassador Vitaly Churkin’s deathRussian Politics & Diplomacy February 20, 21:21
Russia’s Foreign Ministry lost outstanding diplomat — spokeswoman on UN envoy’s deathRussian Politics & Diplomacy February 20, 20:54
Russia's ambassador to UN Vitaly Churkin diesRussian Politics & Diplomacy February 20, 20:24
Antimonopoly service orders Apple to open official service center in Russia by May 1Business & Economy February 20, 20:18
Russian experts made no firm conclusions on resumption of flights to Egypt in near futureBusiness & Economy February 20, 20:03
Foreign Ministry elaborates draft presidential decree toughening North Korea sanctionsRussian Politics & Diplomacy February 20, 19:56
Russia and UAE to discuss upgrade of Pantsyr-S antiaircraft missile/gun systemsMilitary & Defense February 20, 18:26
Russia signs large contract on delivery of T-90MS main battle tanks to Middle EastMilitary & Defense February 20, 18:13
Russian combat engineers complete mission in Syria’s AleppoMilitary & Defense February 20, 17:59
KHMELYOVO VILLAGE (Bryansk Region), January 27. /TASS/. Western countries’ threats to restrict Russia’s operations through the SWIFT international bank transaction system will prompt Russia’s counter-response without limits, Prime Minister Dmitry Medvedev said on Tuesday.
"We’ll watch developments and if such decisions are made, I want to note that our economic reaction and generally any other reaction will be without limits," he said.
In late August 2014, media reports said the UK had proposed banning Russia from the SWIFT network as part of an upcoming new round of sanctions against Moscow over its stance on developments in neighboring Ukraine. However, this proposal was not supported by the EU countries at the time. After recent shelling of the Ukrainian city of Mariupol some western countries again started calling to disconnect Russia from SWIFT.
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) transmits 1.8 billion transactions a year, remitting payment orders worth $6 trillion a day. The system comprises over 10,000 financial organizations from 210 countries.
Under the SWIFT charter, groups of members and users are set up in each country covered by the system. In Russia, these groups are united in the RosSWIFT association.