According to the WirtschaftsWoche portal, Oliver Hermes, head of the German Eastern Economic Committee, said that the idea of disconnecting Russia from the SWIF system, if implemented in practice, would cause serious damage Western countries.
The official recalled that Russia is not Iran, and it is much stronger integrated into the global economy.
"Disconnecting Russia from SWIFT will create significant problems in the Western market," Hermes said.
He also recalled that the "exception" The Russian Federation from the Western world will help strengthen its ties with China, which is an extremely dangerous trend.
“In this case, Moscow will increase its economic sanctions with Beijing … and the West will not receive any gain”, – summed up the head of the Eastern Committee of the German Economy.