"One is a possible collapse of many western banks. But the second, more strategic, and I think more dangerous in the long-term, is that Russia will be much more effective in adopting a

different system of payments, maybe in cooperation with China." SWIFT: NO INTENTION OF DISCONNECTING RUSSIA UniCredit is the largest banking group in Central and Eastern Europe and owns

major banking networks in Russia and Ukraine.  Russia was recently invited to be a board member of SWIFT and has said it would retaliate if its banks are banned from the international

banking system. Sources at SWIFT, however, said they had no intention of disconnecting Russia, despite political pressure they were experiencing. Being EU-based, SWIFT may disconnect Russia