The head of the CDU called plans to disconnect Russia from SWIFT a mistake

An attempt to disconnect RUSSIA from the interbank system for transmitting information about payments SWIFT will hurt the European Union, the HEAD of the German Christian Democratic Union (CDU) party, Friedrich Merz, said in an interview with Welt.

“In this way, we will hurt ourselves a lot,” Merz said. He explained that disconnecting Russia from the system threatens its collapse and forced transition to the Chinese counterpart.

In addition, Merz condemned the attempts of the European Union to sign an association agreement with Ukraine. it violates agreements in trade between Moscow and Kyiv, said the head of the CDU.

On January 16, Merz compared Russia's disconnection from the system to "an atomic bomb for the capital market, as well as goods and services." He warned of a massive economic downturn due to such a move.