Slovakia supports the exclusion of Russia from the SWIFT financial system. What will it mean? | TVNOVINY.sk – TVNOVINY.sk

This was explained by Prime Minister Eduard Heger in the Television Newspapers studio.

All countries of the European Union already support the exclusion of Russia from the SWIFT financial system. However, this requirement is not included in the new Union sanctions framework. On cutting Russia off from the global interbank payment system SWIFT Ukrainian President Volodymyr Zelensky asked the international community on Thursday (February 24).

SWIFT is used for cross-border transactions and plays an important role in international trade. Analysts agreed that cutting off the Russian Federation from this payment system could possibly bring the regime of Russian President Vladimir Putin to its knees. It would also hurt the countries that trade with Russia, it would be almost impossible to pay for Russian gas, for example. However, this would not be a precedent.

Slovakia also supports the mentioned step. And what will it cost us? According to Prime Minister Eduard Heger, removing Russia from the system will cost us less than other countries with more trade with Russia. “In this situation, it doesn’t matter how much it will be, it’s not a question of cost. However, it is necessary to send a signal to stop the aggression and bring peace to Ukraine, “he said.

In the attached video, you will learn more about Slovakia’s overall assistance to our eastern neighbors and where to turn if you want to help people fleeing Ukraine.

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