11.03.2015 - 01:49 [ RT ]

Russia to launch alternative to SWIFT bank transaction system in spring 2015

Calls not to use the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system in Russian banks began to grow as relations between Russia and the West deteriorated over sanctions. So far, SWIFT says despite pressure from some Western countries to join the anti-Russian sanctions, it has no intention of doing so.