The Russian parallel of SWIFT will be the Financial Message Transfer System of the Bank of Russia (SPFS). This network will be open to mostly Belarusian banks. The SPFS network already has over 399 ...

MOSCOW, April 22. /TASS/. Many countries will soon connect to the System for Transfer of Financial Messages (SPFS), Russian equivalent of SWIFT, Anatoly Aksakov, head of the State Duma Committee on ...

(Reuters) – Western sanctions banning several Russian banks from the SWIFT international payments network with the potential threat of more to come if there is no end to the Ukraine conflict is likely ...

Since 2014 there have been on and off polemics about Russia's possible disconnection from the SWIFT system. In the last weeks, those conversations have been increasingly mentioned in the media and ...

TEHRAN (Tasnim) – The G7 countries and the European Union are discussing the ways to target third-country banks that allegedly help Russia evade sanctions, Bloomberg said citing sources. According to ...

The head of the Central Bank of Russia informed that international cards would continue to work as usual along with the SWIFT replacement. The Russian parallel of SWIFT will be the Financial Message ...