Time to ‘kill’ SWIFT, Russian banker suggests ...News

Moscow and its trade partners should switch to transactions in national currencies, Andrey Kostin believes Russia should abandon the use of the Western-controlled global financial messaging system SWIFT, the head of Russia's second-largest bank has argued. VTB CEO Andrey Kostin has been persistently calling for the increased use of domestic currencies by Russia and its trade partners, describing it as a sanctions-induced necessity. “We need to kill SWIFT in our transactions, the issue is quite simple, but it will require certain actions, including within individual countries,” Kostin stated on Friday at the Intern

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