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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 …
The White House has denied a report saying that the US and EU have abandoned their plans to disconnect Russia from the SWIFT system as part of restrictive measures that would be imposed if Russia invades Ukraine. The US does not rule …
The United States and the European Union are not considering an option of disconnecting Russia from SWIFT and are discussing target economic sanctions against the largest Russian banks instead, …
U.S. senior Democratic senators will today unveil a new package of sanctions to punish Russian President Vladimir Putin if Moscow engages in hostilities against Ukraine, reads the legislation, obtained by The Washington Post in advance of its …
The U.S. and European allies are weighing sanctions targeting Russia’s biggest banks and the country’s ability to convert rubles for dollars and other foreign currencies should Russia invade Ukraine, Bloomberg reported citing people …
The United States is looking at imposing more sanctions on Russia over the situation in Ukraine, CNN said on Monday. According to its sources, further sanctions allegedly apply to Russian President Vladimir Putin’s inner circle, …
SWIFT has no intentions to disconnect Russia from the system because it will not benefit anyone, executive director of the Russian national SWIFT association (Rosswift) Roman Chernov said at the roundtable hosted by Russia’s lower house of …
Threats are coming from the U.S. with regard to the SWIFT interbank payment system, which could get tangled up in the anti-Russia "sanctions spiral," head of the Russian Foreign Ministry’s Department of Economic Cooperation (DEC) …
The SWIFT international payment system has confirmed to the Central Bank that it will work in Russia as usual and there is no risk that the country will be disconnected from the system, First Deputy Chairman of the Central Bank Olga …
The emergence of China as an economic and financial powerhouse has been much quicker than often anticipated. Whether in terms of technological advances, industrial development, global trade or involvement in the capital markets, China's …
A group of EU lawmakers have drafted a resolution that would impose new sanctions on Russia and scupper the Nord Stream 2 gas pipeline, ignoring recent calls from the bloc’s top politicians for more constructive relations. The …
Russia has a basis for creating an analogue of the SWIFT payment system, Russian Foreign Minister Sergei Lavrov said. "The basis [of an alternative to SWIFT] exists. And I am convinced that both the government and the Central Bank …
Russia cannot rule out that an alternative to the SWIFT payment system could appear, based on new technologies, Deputy Foreign Minister Alexander Pankin said. "Given the fast development of digital currencies and blockchain, it is …
China’s proposed digital currency could trigger global use of the yuan
Banks of several countries plan to become members of the Russian analogue of the SWIFT interbank messaging system, and some of them have already carried out pilot connections, Central Bank chairwoman Elvira …
Cutting Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) international banking network would hit the global financial system in the first place, head of the State Duma’s …
Russia is taking part in developing a European counterpart of the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the European Commission’s press service said. According to the EC's spokesperson, the …
SWIFT cut-off Iranian financial institutions, including the Iranian central bank, targeted by the U.S. sanctions, Deputy Secretary of the U.S. Treasury Sigal Mandelker said. The U.S. Treasury official stressed that …
Russian Foreign Minister Sergey Lavrov said that the United States’ pressure on the SWIFT system is unacceptable. "Mechanisms are currently worked out within the framework of the joint group of …
European finance ministers will try to persuade the Trump administration not to cut off Iran’s access to Swift, the global financial messaging service, in meetings with Steven Mnuchin, the US Treasury secretary, at the IMF …
