This statement was made by the Minister of Economy and Finance of Italy Daniele Franco.

The likely disconnection of Russia from the interbank system for transmitting information and making SWIFT payments may lead to problems when paying for gas supplies to European countries. This warning was issued on Friday by the Italian Minister of Economy and Finance Daniele Franco at the end of an informal meeting of the heads of economic departments of the EU in Paris.

“The likely disconnection of Russia from the SWIFT payment system may lead to problems when paying for gas supplies to Italy and other EU countries,” la Repubblica newspaper quoted him as saying.