Russia’s sanctions have serious consequences for Western countries

“Cutting off Russia’s access to Swift will have very serious consequences for the economy of Western countries,” said Frederick Merz, the future leader of the Christian Democratic Union of Germany.

The German politician stressed that the suspension of Russia’s access to the international banking system would break the backbone of international payments and not only damage Russia’s trade with Europe in the field of services and goods, but also affect world trade.

“It could be like an atomic bomb exploding in the financial markets and even in the world market for goods and services,” he said of Russia’s cut-off of Swift. We should not contact Swift in this regard.

“If something like this happens, I predict very bad economic consequences for Germany,” Marz warned. This will hurt Russia, but at the same time we will seriously hurt ourselves.

Meanwhile, the “border” has spoken about the issue of sanctions against Russia, which the United States and its allies have repeatedly said will impose serious sanctions on Russia if it attacks Ukraine.

The sanctions are said to affect Russian banks and the National Wealth Fund, making it harder for the Russian ruble to convert into other international currencies and eliminating the opportunity to invest in secondary markets by buying Russian bonds and eventually cutting off access. Russia will be completed by Swift.

The German Foreign Minister is scheduled to travel to Ukraine and Russia today and tomorrow.

Washington has repeatedly stated that Russia wants to invade Ukraine, but Moscow has repeatedly denied the allegations.

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