MOSCOW, April 5 – RIA Novosti. It is important for Russia to promote alternative SWIFT and interbank payment systems independent of the United States, said Russian Deputy Foreign Minister Alexander Pankin in an interview with RIA Novosti.
“Promoting alternative SWIFT and US-independent interbank payment and information transfer systems using modern financial technologies and solutions is also an important area of work,” Pankin said.
According to him, in particular, such Russian developments as the “System for the transmission of financial messages” (Bank of Russia) and “Transit” (Moscow Exchange) are gaining weight. CIPS and others).
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) is an international interbank system for transferring information and making payments, to which more than 11 thousand of the largest organizations in almost all countries of the world are connected. There are regular reports in the press that Russia may be cut off from this system as one of the tougher sanctions from the West. Press Secretary of the Russian President Dmitry Peskov said at the end of March that none of the threats could be ruled out.