SWIFT Would Make a Mistake If It Separates from Russia

Payment system SWIFT is going to “shoot itself in the foot” if it disconnects from Russia, said the Anatoly Aksasov, Chairman of the State Duma Committee on Financial Market, who was present at the SPIEF.

Such limitations may jeopardize Russia’s financial stability while it adjusts to the circumstances.

In turn, in such a context, ruble fluctuations are likely, but they will be highly subjective. The collapse of the Russian ruble, as happened with the Turkish lira, is not likely to take place, according to Aksakov, regardless of lowering oil prices or geopolitical dangers.

According to Aksakov, the ruble exchange rate will not show substantial changes before the end of the year.