Date: 7 months ago   Category: Finance

Germany has warned about influence of disconnection of banks of Iran from SWIFT on transactions with Russia — Rambler News Service


Disconnection of the Iranian banks from the interbank system of information transfer and making payments of SWIFT will become "rigid blow" to free international trade which is "vital" for survival of the European industry. It is said in the statement of the Union of mechanicians of Germany (VDMA). "SWIFT is a blood system of the international payments. Any restrictions, let and small, regarding neutrality of this system are unacceptable. Today Iran, and tomorrow Russia and then China? All this situation concerns far not only Iran" — the head of VDMA Tilo Brodtman has noted. He has urged business to help SWIFT to keep the neutrality if pressure is put upon system. According to the expert of VDMA in questions of sanctions and international trade Claus Friedrich if SWIFT really disconnects Iran from system, then there will be no reliable transactions with Russia or any other country involved in political disputes any more. Earlier, as Reuters reported, the CEO of SWIFT Gottfried Leybbrandt has said that several Iranian banks will be disconnected from system in these days off. He hasn't provided more detailed information. Before the Finance Minister of the USA Stephen Mnuchin has said that sanctions can be imposed against SWIFT if it provides services to the Iranian financial institutions which will be included in the sanctions list. On October 5 the Deputy Prime Minister — the Minister of Finance of the Russian Federation Anton Siluanov has said in an interview to Russia-24 TV channel that Moscow is ready to join offers on creation of the European analog of the SWIFT system. As reported Deutsche Welle, in August, 2018 the Foreign Minister of Germany Heiko Maas has said that in Europe have already begun to work on options to make payment channels and systems which will be more independent of SWIFT and also to create the European Monetary Fund. According to him, the policy of sanctions from the USA has led to such actions.

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