- Russia & China have broken the financial hegemony of the West via SWIFT. No longer can the West imposed sanctions and enforce it using their SWIFT system, as in the past. It also means the Dollar’s global monetary hegemony is largely over. America (& Europe) can sanction all they want. The rest of the world will simply use Russia’s SWIFT or China’s CIPS to bypass their sanctions for international trade settlement. Hear the WW3 drums beating louder and louder? Understand 1 of the main reason for WW3? Global financial/ monetary/ economic hegemony.
- Article is machine Auto-Translated from Russian.
- 70 Foreign Banks Have Joined the Russian Analogue of SWIFT
Nabiullina: 70 foreign banks from 12 countries have joined the Russian analogue of SWIFT
MOSCOW, June 29 – RIA Novosti. Now 70 foreign organizations from 12 countries have joined the Financial Message Transfer System (SPFS), however, many partners are afraid of secondary sanctions due to connection to the Russian analogue of SWIFT, so the Central Bank of the Russian Federation does not disclose their list, said the head of the regulator Elvira Nabiullina
“At the moment, 70 foreign organizations from 12 countries have joined it, this work is underway, but it depends on the partners,” she said, speaking at the RSPP congress .