BRICS may set up SWIFT analogue
The BRICS leadership may set up the group's own equivalent to the SWIFT payment system, deputy head of the Iranian Central Bank Mohsen Karimi said. …
SWIFT
Russia to return to the grain deal if…
Vladimir Putin does not rule out Russia's return to the grain deal, if certain obligations, including the removal of the restrictions on the supply of grain from Russia and fertilizers to world markets, are fulfilled
Tinkoff suspends money transfers to Turkey
Russia’s Tinkoff Bank announced it has stopped money transfers to Turkey amid the Western sanctions. "Regrettably, we cannot transfer money to this country. Due to the sanctions, …
Egyptian companies covertly dealing with Russia's alternative to SWIFT
Russian wheat was among the first items to be traded on the newly launched Egyptian Mercantile Exchange
Yuan becomes 5th most traded currency, helped by Russia
China's yuan has jumped to fifth place in currency transactions, new data shows, as the country's economic expansion increases trade and sanctioned Russia turns to the Chinese market. According to data published by the Bank for …
EU reveals sixth sanction package
The head of EU diplomacy Josep Borrell said that the sixth package of European sanctions against the Russian Federation will include disconnecting new banks from SWIFT, as well as sanctions "for disinformation" and restrictions on oil …
Some 52 entities from 12 states have joined Russian analogue of SWIFT
As many as 52 foreign organizations from 12 countries have joined the System for Transfer of Financial Messages (SPFS, an analogue of SWIFT), Central Bank Governor Elvira Nabiullina said addressing the State Duma (lower house) on Monday. …
Ruble becomes best-performing currency soaring to 83 to dollar
The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7
Russian Mir card may be recognized in Iran
Iranian Ambassador to Russia Kazem Jalali said that Tehran is discussing with Moscow the Mir payment system recognition. "This issue is on the agenda, which we are discussing with our Russian colleagues," RIA Novosti quoted …
Can anti-Russian sanctions prompt dollar's rejection
An attempt to paralyze Russia’s central bank reserves has kickstarted a debate about control over assets denominated in dollars and euros
Chinese pays for Russian oil with cash transfers
as banks shy away from financing the oil because of sanctions
Sanctioned Russian banks to be cut from SWIFT on March 12
The European Union has disconnected from the SWIFT interbank payment system seven Russian banks, including VTB, Rossiya, Otkritie, Novikombank, Promsvyazbank, Sovcombank and VEB.RF. Relevant regulations were posted in the EU Official …
EU excludes seven Russian banks from SWIFT
The European Union is excluding seven Russian banks from the SWIFT messaging system that underpins global transactions as part of its sanctions over Russia's special operation in Ukraine, the EU official journal said on Wednesday. …
China media goads Russia to use CIPS over SWIFT
Researchers in state media say China’s Cross-border Interbank Payment System can help Russia survive Western SWIFT sanctions
Oil jumps as traders fear disruption in Russia’s energy industry
Oil prices jumped early Monday after the U.S. and Western allies imposed sanctions on specific Russian banks, prompting fears that energy supplies will be indirectly affected
China opposes sanctions after SWIFT ban on Russian banks
China's foreign ministry on Monday reiterated its opposition to the use of what it calls illegal and unilateral sanctions, after Western countries moved to block some Russian banks from the SWIFT international payments system. …
G7 to cut some Russian banks from SWIFT
Group of Seven (G7) leaders said that western allies had decided to cut off “certain Russian banks” from the worldwide interbanking communication system called SWIFT. The statement, in a joint declaration published by the …
Why Europe decided no to exclude Russia from SWIFT
Europe’s reluctance to compromise on its energy supplies has for now taken one of the most impactful measures off the list of international sanctions against Russia over its operation in Ukraine
Berlin takes issue of disconnecting Russia from SWIFT off table - report
Germany, as part of the discussion of possible sanctions against Russia, took the issue of disconnecting the country from SWIFT off the table, Euractiv writes. "While oil and gas are considered as possible leverage, one EU diplomat …
"It won't knock Russia down": Economist speaks about Moscow's alternatives in case of SWIFT disconnection
The speculation about Russia’s potential disconnection from the SWIFT international payment system dates back to 2014, when the West accused Russia of "aggression" against Ukraine. However, over the past year, these conversations have …
