Wednesday, March 22, 2017

Sputnik — Russia Secures Financial System From Potential SWIFT Shutoff - Central Bank Head

Russia has introduced safeguards against the risk of being shut out of international transaction systems such as Society for Worldwide Interbank Financial Telecommunication (SWIFT) after anti-Russian sanctions introduced by the West, Russian Central Bank Governor Elvira Nabiullina said Wednesday.…
"There was the threat of being shut out of SWIFT. We updated our transaction system, and if anything happens, all SWIFT-format operations will continue to work, we created an analogous system," Nabiullina said during a meeting with Russian President Vladimir Putin.

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