Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Russian Central Bank Boasts of Alternative to SWIFT as Ready-Made Defense Against US Sanctions

May 25, 2018 by mosesman

  • Russian Central Bank Boasts of Alternative to SWIFT as Ready-Made Defense Against US Sanctions
    by https://www.rt.com/
    Russia has managed to develop a national system for money transfers that could protect its banking from the possible cut off from SWIFT transfer services in case of tougher US penalties, the central bank chief said at SPIEF.
    –
    “There are risks in using the global financial networks, the global financial system, of which Russia is a part,”
     the Central Bank of Russia’s governor, Elvira Nabiullina, said at the St. Petersburg International Economic Forum (SPIEF).

    –
    “Therefore, since back in 2014, we have been developing our own systems, including a payments system. Inside Russia we have created a system for transferring financial data, which is similar to SWIFT.”
    –

    Society for Worldwide Interbank Financial Telecommunication (SWIFT), is the financial network that provides high-value cross-border transfers for its members across the world. The Belgium-based cooperative supports most interbank messages, connecting over 11,000 financial institutions in more than 200 countries and territories.
    –
    The probable cut off from SWIFT entered Russia’s political agenda as early as in 2014. Back then, Washington and Brussels imposed the first round of anti-Russian sanctions over the country’s alleged involvement in the Ukraine crisis and the reunification with Crimea.
    –
    Though SWIFT itself fended off the talks about the exclusion of Russia from the network, several state corporations, including Rosneft and Rostec, have pledged to use the country’s analogue of the global interbank cash transfer service.
    –
    SWIFT has a precedent of disconnecting a sanctioned state from the network. In 2012, SWIFT cut off Iran amid international penalties against the country, leaving Tehran no chance to access billions of dollars in revenue.
    –
    “This system is already operational and it allows, inside Russia, to transfer financial data,”
    Nabiullina said. The governor called the domestically developed network an “absolutely similar, competing system” that allows Russia to nullify risks at least inside the country.
https://www.rt.com/business/382017-russia-swift-central-bank/
Click on image for article.
https://www.rt.com/business/318103-china-payment-system-yuan/
Click on image for article.
http://www.reuters.com/article/2015/03/09/us-china-yuan-payments-exclusive-idUSKBN0M50BV20150309
Note: “The official launch will be in September or October, …”. Alternative to the Anglo-American western Illuminati controlled SWIFT. Click on image for article.
http://www.rt.com/business/239189-china-payment-system-ready/
Alternative to the Anglo-American western Illuminati controlled SWIFT. Click on image for article.

end

Post navigation

Previous Post:

Russia Ready to Use Euros in Trade If EU Opposes Expansion of Sanctions

Next Post:

US-Led Coalition Hits Syrian Army Base – Reports

Pages

  • About

Recent Posts

  • The Ultimate Surveillance Tool Being Rolled Out ⚠️ James Rickards
  • China Announces New Round of Military Drills Around Taiwan
  • Declassified Pentagon Document: Lasers That Put Voices in Your Head
  • Mainstream News Admits Ukraine Money And Weapons Are Being Stolen And Laundered
  • Ukraine Narrative Crumbles As Amnesty Int’l Reveals War Crimes And False Flags
  • Head Of The Lancet’s COVID-19 Investigation Is ‘Convinced’ It Came Out Of A Lab
  • CHINA PLOTS WW3: Shocking Chinese Red Alert Video Sends SHOCKWAVES Across The World
  • GET YOUR CASH OUT OF THE BANKS NOW ! ECB Increases Asset Purchases… IMPORTANT UPDATES. Mannarino
  • Nickelodeon Actress Blows the Whistle: ‘Hollywood Elites Rape Children’
  • Must Watch: General Flynn Lays Out Globalists’ Latest Plans To Destroy America
  • ‘Millions’ of Germans Won’t Be Able to Pay for Heating – Union
  • The Day The Bank of England Let Germany Plunder Czechoslovakia’s Gold.
  • Former Pfizer Employee Karen Kingston Exposes the Deadly Vaccines and Big Pharma’s Diabolical Plans For Humanity
  • Crony Capitalism: Big Pharma & Vaccines (ft. Sen. Johnson, Dr. Kory, Dr. Malone, Dr. McCullough)
  • United States ‘Close to War’ With Iran
  • Taiwan Conflict Has Potential to Bring Down World Financial System.
  • ‘I See the Future and It’s Hell on Earth,’ Warns Trends Forecaster Gerald Celente
  • ‘World Is Breaking Apart,’: We’re on the Verge of a Sovereign Debt Crisis, Says Michael Gayed
  • Insanity! You Cannot Spend Your Way into Lower Inflation! Nor Borrow Your Way into Prosperity!
  • Former US Deputy Assistant Secretary of Defence Elbridge Colby: China Has ‘Incentives’ to ‘Strike Big And Early’ — A ‘Pearl Harbor’ Event ??

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
May 2018
M T W T F S S
« Apr   Jun »
 123456
78910111213
14151617181920
21222324252627
28293031  
© 2022 Socio-Economics History Blog | WordPress Theme by Superbthemes