Three Belarusian banks officially disconnected from the international payment system SWIFT due to European sanctions. The Development Bank of Belarus, Belagroprombank and Dabrabyt Bank were left without access to the system.

From March 20, it is impossible to pay for goods and services in the EU with a Belagroprombank card, writes the Belarusian project Pozirk. Two other banks said they would continue to work "

“Measures have been taken to use alternative systems for the transmission of financial information to ensure the timely fulfillment of obligations,” the Development Bank of Belarus said..

SWIFT is the only universal channel for transferring orders for the transfer of money and other valuables between 11 thousand financial and non-financial organizations in almost all countries of the world. You can find an alternative to the system, but it will be much less convenient. Disconnection from SWIFT leads to significant financial and reputational losses for banks.

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Recall, on March 2, the EU announced a decision to disconnect the first seven Russian banks from the SWIFT system and ban the supply of Russian currency in euros due to Russia's attack on Ukraine.

The regime of Belarusian dictator Alexander Lukashenko, who is helping the Russian Federation, also warned of the risk of bank shutdowns and the prospect of tougher sanctions, but Belarusian officials said that “SWIFT is not as strategically important in the Belarusian economy”.

How sanctions against Russia will change the world, and who will benefit from the loss of the Russian Federation, read the article by Yulia Samaeva " U.A..