SWIFT must be ‘killed off’ – top Russian banker ...News

Russia Today - Economy
SWIFT must be ‘killed off’ – top Russian banker
source : Russia Today ( News ) () 44
Digital banking will create sovereignty in international settlements, VTB chief Andrey Kostin says Moving away from financial transactions conducted through Western payment systems including SWIFT are vital for Russia and its trading partners, the head of the country’s second-largest lender has said. Speaking on Thursday at the Data Fusion 2024 conference, VTB CEO Andrey Kostin called for the promotion of digital financial settlements in Russia and allied nations, to end the dominance of the dollar and gain full sovereignty in the financial sector. “SWIFT has announced plans to carry out digital payments soon, but

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