Russia Is Prepared To Disconnect From SWIFT Payment System: Foreign Ministry Published: May 6, 2021 According to her, disconnecting from SWIFT was “hypothetical” currently, but not at all impossible. “The possibility of being disconnected from SWIFT is still considered as hypothetical. Nevertheless, inter-minsistry work is underway to minimize the risks and economic damage if our country’s access to the usual international financial instruments and payment mechanisms is limited. The Financial Messaging System of the Bank of Russia is an example of such alternative instruments. At the moment, options for its pairing with foreign counterparts – European SEPA, Iranian SEPAM, Chinese CUP and CIPS, are being discussed,” she said.