JRL NEWSWATCH: “Russia backs global use of its alternative SWIFT system” – Reuters

File Image of Artist's Conception of Globe with Curved Connecting Lines of Light Passing Through Space, adapted from image at fincen.gov

“Russian lawmakers on Tuesday backed the international use of a Russian alternative system for the global financial messaging network SWIFT designed by Moscow to eliminate the risk of Western sanctions. Russia has held talks with China, India, Iran and Turkey about joint use of Russia’s financial messaging system …. Russia started developing an alternative to the Belgium-based SWIFT financial messaging […]

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