According to the Russian official, Western countries will not dare to disconnect Russia from the SWIFT international banking system.
Deputy Chairman of the Security Council of the Russian Federation Dmitry Medvedev said which reserve currency instead of the dollar and euro can be used in Russia when imposing sanctions against its financial system.
In an interview with Russian media, the official said that the Russian Federation considers the Chinese yuan promising.
“The absence of the dollar will be able to replace the euro, if there is a decision on the euro – there is the yuan, this is a new very promising reserve currency,” Dmitry Medvedev said.
He also expressed doubt that the Russian Federation will be disconnected from the SWIFT system, which, according to him, is a “useful thing” for everyone.
“I don’t really believe that someone will disconnect us from this system, because it is not profitable for anyone, in particular for this society organized for SWIFT, especially since we have a huge number of transactions going on. This undermines the credibility of SWIFT,” Medvedev said.
If this does happen, then, according to the Russian official, the Russian Federation is testing its own system for transmitting financial data.
“It was prepared by the Central Bank, it is constantly being tested, it works. It will not give a minute of downtime and will perform all the necessary functions inside the country,” Madvedev assured.
Recall that the United States is analyzing what damage Russia can inflict on Western allies if the Biden administration excludes Moscow from the SWIFT financial system in the event of its invasion of Ukraine.
