Tom Luongo — For Russia Change Comes SWIFT

During the ruble crisis of 2014/15 Russia announced in the wake of U.S. and European sanctions over reunifying with Crimea that it would begin building a domestic electronic financial transfer system, an alternative to SWIFT.

That system, System for Transfer of Financial Messages (SPFS), is not only now functioning in Russia, according to a report from RT it now handles the financial transfer data for more than half of Russia’s institutions....

Tom Luongo looks at the implications.

For Russia Change Comes SWIFT

Tom Luongo

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U.S. military hackers have been given the go-ahead to gain access to Russian cybersystems as part of potential retaliation for any meddling in America’s elections.

Cyberwar in the making? Apparently they think that Russia has no capability to respond with its own cyberwarfare.

The Daily Beast
The Pentagon Has Prepared a Cyberattack Against Russia
Center For Public Integrity

Zero Hedge
"Swift And Severe": Trump Administration Readies Its Best Hackers For Cyberattack Against Russia

Tyler Durden

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"The bloc is struggling with the set-up of such vehicle because no EU member is willing to host it for fear of angering the United States"

The spineless vassals get cold feet.

Russia Insider
After Grand Words EU Gets Cold Feet, Struggles to Create Iran Oil Trade Payment Vehicle

Tsvetana Paraskova

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Zero Hedge
Moscow Initiates De-dollarization: India To Pay For S-400 Systems In Rubles

Tyler Durden