JRL NEWSWATCH: “Russian Agricultural Bank could have SWIFT access within 30 days, UN tells Moscow” – Reuters

Wheat in Field, adapted from image at usda.gov

“A Russian Agricultural Bank subsidiary in Luxembourg could immediately apply to SWIFT to ‘effectively enable access’ for the bank to the international payments system within 30 days, the United Nations told Russia in a letter …. ‘SWIFT has confirmed that RSHB Capital S.A. would be eligible to apply for membership and access to SWIFT for food and fertilizer transactions, based […]

» Read more

RUSSIALINK: “Cutting Russia off from SWIFT would become common problem, since Russian exports would not be waived – Siluanov” – Interfax

Anton Siluanov file photo

MOSCOW. Dec 30 (Interfax) – Russia’s disconnection from SWIFT is theoretically possible, but such a decision would be a common headache: foreign partners, primarily in Europe, will not be able to waive exports from Russia and will be forced to look for other methods of payments, Finance Minister Anton Siluanov said in an interview with the Rossiya 24 television channel. […]

» Read more

RUSSIALINK: “Should Russian Banks Be Scared of SWIFT Disconnection?” – Moscow Times

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

Talk of financial Armageddon should Russia be kicked out of the system may be overblown. (Moscow Times – themoscowtimes.com – Jake Cordell – April 22, 2021) Jake covers business & economics for The Moscow Times. Ukraine has joined the chorus of voices calling for Russia to be disconnected from SWIFT — the financial messaging network that underpins the global banking […]

» Read more

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 […]

» Read more

NEWSWATCH Reuters: U.S. faces meager options for further Russia energy sanctions

Oil Wells File Photo

[“U.S. faces meager options for further Russia energy sanctions” – Reuters – Timothy Gardner – March 23, 2015] Reuters examines Western sanctions on Russia, including some of the remaining options for energy-related sanctions. Energy is the economic lifeblood of Russia, which vies with the United States and Saudi Arabia to be the world’s top oil producer …the sector is the main target of […]

» Read more