The UN discusses the issue of connecting Russian banks to SWIFT

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The UN discusses the issue of connecting Russian banks to SWIFT

The UN discusses the issue of connecting Russian banks to SWIFT – RIA Novosti, 04/12/2023

The UN discusses the issue of connecting Russian banks to SWIFT

The UN is in talks with SWIFT officials regarding the reconnection of Russian banks to the system as part of a product agreement, said… RIA Novosti, 04/12/2023

2023-04-12T21:54

2023-04-12T21:54

2023-04-12T21:54

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UN, April 12 – RIA Novosti. The UN is in talks with SWIFT officials about reconnecting Russian banks to the system as part of a product deal, Stéphane Dujarric, spokesman for the organization’s secretary-general, said during a briefing. briefing. “The fact that a number of, if not all, Russian financial institutions are not in the SWIFT system complicates the situation. And we are in discussions with SWIFT officials, with the Europeans and others about this, “Said Dujarric. “In some areas we have power – a little bit, but we have it. This is the wrong question. The Secretary General has no power over SWIFT, he has no power over member countries that have imposed unilateral sanctions, he has no power over insurance companies, delivery companies. He cannot tell them what to do,” he added. According to him, the UN is trying to bring together a group of people, some of whom are members of professional associations, representatives of private companies, governments, the European Union, to ensure that the memorandum of understanding is implemented. “But we don’t have the power to do what those with power should do,” he added. Earlier, Russia extended the Black Sea Grain Initiative for 60 days, until May 18. Russia’s permanent representative to the UN, Vasily Nebenzya, in his letter to the Under-Secretary-General for Humanitarian Affairs, Martin Griffiths, indicated that “the consideration by the Russian side of a further extension of the Initiative for Black Sea grain after the specified date will only be possible subject to the achievement of tangible progress in the implementation of the memorandum of understanding between the Russian Federation and the United Nations Secretariat on assistance to promotion of Russian food products and fertilizers on world markets”. In particular, according to Nebenzi, the following issues should be resolved: connection of the Russian Agricultural Bank to the SWIFT system, resumption of deliveries of agricultural equipment to Russia, lifting of restrictions on insurance and access to ports for Russian cargo ships, resumption of operation of the Togliatti-Odessa ammonia pipeline, unfreezing of accounts and financial activities of Russian fertilizer companies. The grain agreement, which was signed on July 22, 2022 by representatives of Russia, Turkey, Ukraine and the UN, involves the export of Ukrainian grain, food and fertilizers across the Black Sea from three ports, including Odessa. Maritime traffic coordination is ensured by the Joint Coordination Center in Istanbul. Russian President Vladimir Putin stressed in September that the West exports most Ukrainian grain to its own states, not to needy African countries.

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economy, russia, turkey, ukraine, vasily nebenzya, stefan dujarric, fast, un, rosselkhozbank, martin griffiths

Economy, Russia, Turkey, Ukraine, Vasily Nebenzya, Stefan Dujarric, SWIFT, UN, Rosselkhozbank, Martin Griffiths

The UN discusses the issue of connecting Russian banks to SWIFT

UN, April 12 – RIA Novosti. The UN is in talks with SWIFT officials about reconnecting Russian banks to the system as part of a product deal, Stéphane Dujarric, spokesman for the organization’s secretary-general, said at a meeting. briefing.

“The fact that a number of, if not all, Russian financial institutions are not in the SWIFT system complicates the situation. And we are in discussions with SWIFT officials, with the Europeans and others about this, said Dujarric.

Chairman of the Federation Council of the Russian Federation Valentina Matvienko - RIA Novosti, 1920, 04/12/2023

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“In some areas we have power – a little, but we have it. That’s the wrong question. The Secretary General has no power over SWIFT, he has no power over the member countries that have imposed unilateral sanctions, he has no power over insurance companies, delivery companies, he cannot tell them what to do,” he added.

According to him, the UN is trying to bring together a group of people, some of whom are members of professional associations, representatives of private companies, governments, the European Union, to ensure that the memorandum of understanding is implemented. “But we don’t have the power to do what those with power should do,” he added.

Previously Russia extended the Black Sea Grain Initiative for 60 days – until May 18. Permanent Representative of the Russian Federation to the United Nations Vasily Nebenzya in his letter to the Under-Secretary-General for Humanitarian Affairs Martin Griffiths stressed that “the consideration by the Russian side of a further extension of the Black Sea Grain Initiative after the specified date will be possible only subject to the achievement of tangible progress in the implementation of the memorandum of agreement between the Russian Federation and the United Nations Secretariat on assistance in the promotion of Russian food products and fertilizers on world markets.”
In particular, according to Nebenzi, the following problems should be solved: connection to the SWIFT system Rosselkhozbankthe resumption of deliveries of agricultural machinery to Russia, the removal of insurance and port access restrictions for Russian cargo ships, the resumption of operation of the Togliatti-Odessa ammonia pipeline, the unfreezing of accounts and financial activities of Russian fertilizer companies.

The grain agreement, which was signed on July 22, 2022 by representatives of Russia, Turkey, Ukraine and the UN, involves the export of Ukrainian grain, food and fertilizers across the Black Sea from three ports, including Odessa. Maritime traffic coordination is ensured by the Joint Coordination Center in Istanbul. Russian President Vladimir Putin stressed in September that the West exports most Ukrainian grain to its own states, not to needy African countries.

SWIFT logo - RIA Novosti, 1920, 04/11/2023

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