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Big news! Russia is expected to return to the SWIFT system?
Mar 28,2025
A blockbuster news broke on Politico's website on the 26th local time that immediately attracted the world's attention: US Treasury Secretary Benson spoke about Russia's delicate relationship with the international financial system in a remark that resembled a rock poured into a calm lake, stirring up waves.
His openness to allowing Russian lenders to rejoin SWIFT's international payments information system lit up the fog that had long shrouded Russian-American financial relations.
There was a mystery in Bessent's words. On the one hand, he solemnly pointed out that the proper reintegration of Russia into the international financial system will not be easy, and there are many complex factors involved that require in-depth and protracted research. It is clearly inappropriate to rush into the minutiae of an agreement until the parties have finalized a specific framework for the agreement. But when the conversation turned, he dropped another "blockbuster bomb" - "anything is possible."
These simple words, with their endless meaning, have caused outsiders to wonder what political considerations were behind the head of the US Treasury Department. You know, in the national financial arena, the SWIFT system is a well-deserved "central nerve."
It creates an invisible but indestructible bridge that connects various financial institutions around the world, enabling massive amounts of transaction information to be transmitted as quickly and accurately as lightning, ensuring the orderly functioning of the global financial system.
However, back in early 2022, the crisis in Ukraine exploded like a "time bomb." At the time, U.S. President Joe Biden took the decisive step of aggressively pushing for "sanctions against Russia," the most damaging of which was to relentlessly remove many of Russia's largest banks from the SWIFT system.
This move, described by many media at the time as a "financial nuclear bomb," was so powerful that it devastated Russia's financial sector and the entire economic system, and the aftermath has not been resolved. With the passage of time, the situation has developed so far, the Russian bank's return to SWIFT is still in a stalemate, and the road ahead seems to be shrouded in thick fog.
However, Trump's recent unusually positive attitude toward the "war between Russia and Ukraine" seems to be a slight dawn that quietly injects some hope into the matter. Since taking office, Trump has shown a relatively friendly side toward Russia, both in terms of his public rhetoric and his tendency to act, and has sought to play a key "peacemaker" role in the Russian-Ukrainian peace talks.
This change, people have to Lenovo, whether it will become a new opportunity to promote Russian banks to return to the SWIFT track? But stay optimistic! Even if the United States appears to be opening the door to Russia on this sensitive issue at this moment, it is far from simple.
Don't forget that the EU central bank is one of the core institutions that oversees the SWIFT system, which is like a closed door, and even if the US hands the key, Russian banks will need the EU's crucial "passport" to successfully return to the SWIFT. Behind this is yet another complex "diplomatic marathon" involving multiple interests.
The world is waiting to see what the future direction is, and the drama surrounding the return of Russian banks to SWIFT is destined to continue to be staged.
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