alternative to SWIFT – THE OVAL CIRCLE

More countries doubting SWIFT – Nabiullina

Posted on February 4, 2024February 4, 2024By Editor

The dollar-based international financial system is becoming “risky,” the head of Russia’s central bank says. … Read More >More countries doubting SWIFT – Nabiullina

Business

Russian president calls for alternatives to SWIFT

Posted on October 29, 2022October 29, 2022By Editor

New financial platforms should be outside any national jurisdiction, Putin says. … Read More >Russian president calls for alternatives to SWIFT

Business

Russia’s SWIFT alternative spreads at record pace – central bank

Posted on September 27, 2022September 27, 2022By Editor

The SPFS now includes more than 100 foreign entities from 12 countries. … Read More >Russia’s SWIFT alternative spreads at record pace – central bank

Business

Sanctioned Russian bank bypasses SWIFT

Posted on September 8, 2022September 8, 2022By Editor

State lender VTB launches transfers in Chinese yuan. … Read More >Sanctioned Russian bank bypasses SWIFT

Business

Sanctions push BRICS states towards closer ties – Moscow

Posted on April 12, 2022April 12, 2022By Editor

They plan to set up a SWIFT-like system and a ratings agency. … Read More >Sanctions push BRICS states towards closer ties – Moscow

Business

Moscow, Tehran developing SWIFT alternative – Iranian ambassador

Posted on March 26, 2022March 26, 2022By Editor

Separate financial messaging system will allow countries to trade and bypass Western sanctions. … Read More >Moscow, Tehran developing SWIFT alternative – Iranian ambassador

Russia

Russia & China hatch sanctions busting plan to limit use of dollar

Posted on February 2, 2022February 2, 2022By Editor

The remarks come in the face of increasing Western pressure. … Read More >Russia & China hatch sanctions busting plan to limit use of dollar

Russia

China & Russia are ready to end US dominance of global finance

Posted on December 24, 2021December 24, 2021By Editor

Russian President Vladimir Putin held extensive talks with his Chinese counterpart, Xi Jinping, earlier this week, with the two world leaders agreeing on plans to establish a new shared international financial framework. … Read More >China & Russia are ready to end US dominance of global finance

Russia

Kremlin reveals new independent Russian-Chinese financial systems

Posted on December 20, 2021December 20, 2021By Editor

Russia and China will develop shared financial structures to enable them to deepen economic ties in a way that foreign states will be unable to influence, the Kremlin has announced following talks between the countries’ leaders. … Read More >Kremlin reveals new independent Russian-Chinese financial systems

Russia

Russia may be cut off from SWIFT banking payment system as part of West’s ‘spiral of sanctions,’ warns country’s foreign ministry

Posted on June 4, 2021June 4, 2021By Editor

Russian banks may be blocked from using SWIFT, a payment system that enables reliable and secure financial transactions, as part of restrictions against Moscow, in what one official has called a potential “spiral of sanctions.” … Read More >Russia may be cut off from SWIFT banking payment system as part of West’s ‘spiral of sanctions,’ warns country’s foreign ministry

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