Russian president calls for alternatives to SWIFT ...News

Russia Today - Economy
Russian president calls for alternatives to SWIFT
source : Russia Today ( News ) () 15
New financial platforms should be outside any national jurisdiction, Putin says Russian President Vladimir Putin has called for new independent financial platforms for international settlements, stressing that the emergence of such networks is certain but will require effort from multiple countries. Moscow has been promoting its own domestic payment system as a reliable alternative to SWIFT since many of the country’s banks were disconnected from the Western financial network earlier this year. “Russia believes that the process of establishing new international financial platforms is inevitable. Such platforms sho

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