Russia will create its own analogue of SWIFT payments: the basis for this already exists


The RIA Novosti news publication interviewed Russian Foreign Minister Sergei Lavrov, during which a high-ranking official announced the creation of a Russian analogue of the international interbank system for making SWIFT payments. According to him, Russia already has everything it needs to create a full-fledged alternative to an international instrument.

“The base exists. And I am convinced that both the government and the Central Bank should do everything to ensure that this base is reliable and guarantees complete independence and a guarantee against damage that someone may try to inflict on us in addition, “Lavrov said.

Earlier, the deputy head of the Russian Ministry of Foreign Affairs, Alexander Pankin, said that at the moment Russia does not refuse international SWIFT payments, but if the country is banned from using SWIFT, Russia will still be able to carry out international banking transactions and payments using other systems. On the other hand, there is still no information about possible partners who will support such payments – the Deputy Minister said that at the moment no one has discussed partners and other details for the SWIFT alternative.

You may also like