"We do not see any risks at the moment. But we have SPFS, it works, and all domestic Russian traffic, even if something happens, can be safely transferred to our system," she said.
Skorobogatova added that the central bank had direct contact with the headquarters and Moscow office of SWIFT, they confirmed that "everything will work normally, without any problems."
In 2014, Moscow started developing and alternative to SWIFT known as SPFS. By 2019, several hundred institutions had connected to the system, with the Russian Central Bank announcing that eight foreign banks had joined or were in the process of joining by that time.