Russia and China ‘close’ to replacing SWIFT — business regulator ...News

Russia Today - Economy
Russia and China ‘close’ to replacing SWIFT — business regulator
The two countries have been promoting their own domestic payment systems as a reliable alternative Moscow and Beijing are developing a system of settlements which could allow cross-border transactions without the use of the Western financial messaging system SWIFT, Russian Presidential Business Rights Commissioner Boris Titov has revealed. Addressing the results of the “Russia and China: Cooperation in a New Era” international conference held in Moscow last week, Titov told TASS the two countries have accelerated efforts to move away from SWIFT to trade using their respective national currencies. “Many regional ba

Hence then, the article about russia and china close to replacing swift business regulator was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Russia and China ‘close’ to replacing SWIFT — business regulator )

Apple Storegoogle play

Last updated :

Also on site :



Latest News