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Putin points to growing activities of foreign secret services against RussiaRussian Politics & Diplomacy June 28, 20:36
FIFA chief Infantino to attend Chile-Portugal 2017 Confederations Cup semis match in KazanSport June 28, 20:27
Lavrov expects US to refrain from creating pretexts for new attacks on SyriaRussian Politics & Diplomacy June 28, 20:09
Top diplomat says Germany willing to open new chapter in relations with RussiaWorld June 28, 19:28
Russia open for cooperation with Germany in war on terror, Lavrov saysRussian Politics & Diplomacy June 28, 19:22
Baltic Fleet’s fighter jets hold air combat drills in Russia’s westernmost regionMilitary & Defense June 28, 18:57
Russian telecom watchdog to include Telegram in registerBusiness & Economy June 28, 18:51
Skolkovo Foundation proactively cooperating with China — IT projects directorBusiness & Economy June 28, 18:41
“I believe that the European Union will not do the bidding as this is nonsense,” Ulyukayev said, stressing that Russia will make every effort to protect its banking system.
“I think that in fact this will not happen, but we, of course, should be ready for even this unlikely scenario,” the Russian minister told journalists on the sidelines of the Sochi Investment Forum.
The European Parliament discussed at its plenary session on Thursday the Ukraine crisis and the relations between the European Union and Russia.
The resolution, adopted at the session, ran that the European Union should consider excluding Russia from the SWIFT system and cancelling agreements with Moscow in the energy sector, including the South Stream pipeline project.
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) transmits 1.8 billion communications 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.
Russia's former finance minister Alexei Kudrin said on Tuesday that blocking Russia's access to the SWIFT might cause Russia’s GDP to shrink by 5%
“If the SWIFT system is cut off after all, this factor alone may cause a GDP contraction by up to 5% during the year since the restriction is imposed,” Kudrin said.