The US and the EU will not disconnect Russia from SWIFT.

The United States and Europe are finalizing an expanded package of sanctions against Russia in the event of an invasion of Ukraine. It is aimed at large Russian banks but does not prohibit Russia’s access to the SWIFT financial system. According to Reuters, sanctions against major Russian banks will significantly impact Russia’s financial sector and overall economy. According to three sources, the sanctions will also be directed against Russian oligarchs and will include controls over the export of Russian components produced for the technology and weapons sectors.