SWIFT

SWIFT does not intend to disconnect Russia from system

SWIFT has no intentions to disconnect Russia from the system because it will not benefit anyone, executive director of the Russian national SWIFT association (Rosswift) Roman Chernov said at the roundtable hosted by Russia’s lower house of …

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China tries to internationalise its currency

The emergence of China as an economic and financial powerhouse has been much quicker than often anticipated. Whether in terms of technological advances, industrial development, global trade or involvement in the capital markets, China's …

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EU Parliament mulls block on Nord Stream 2 gas pipeline

A group of EU lawmakers have drafted a resolution that would impose new sanctions on Russia and scupper the Nord Stream 2 gas pipeline, ignoring recent calls from the bloc’s top politicians for more constructive relations. The …

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Russia has basis for analogue of SWIFT

Russia has a basis for creating an analogue of the SWIFT payment system, Russian Foreign Minister Sergei Lavrov said. "The basis [of an alternative to SWIFT] exists. And I am convinced that both the government and the Central Bank …

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Russia believes in possibility of SWIFT alternative

Russia cannot rule out that an alternative to the SWIFT payment system could appear, based on new technologies, Deputy Foreign Minister Alexander Pankin said. "Given the fast development of digital currencies and blockchain, it is …

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 Russia takes part in creating euro-SWIFT

Russia is taking part in developing a European counterpart of the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the European Commission’s press service said. According to the EC's spokesperson, the …

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 SWIFT cuts off Iran's Central Bank

SWIFT cut-off Iranian financial institutions, including the Iranian central bank, targeted by the U.S. sanctions, Deputy Secretary of the U.S. Treasury Sigal Mandelker said. The U.S. Treasury official stressed that …

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Will Russia find replacement for SWIFT?

Russian banks are looking for a replacement for the SWIFT bank payment system, as cutting them off from the system is possible due to the US sanctions announced by Treasury Secretary Steven Mnuchin. US …

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 SWIFT restarts services in Iran

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) will restore its services in Iran on January 31, President of the Iranian Central Bank Valiollah Seif said. The Society for Worldwide …

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Iranian banks receive access to SWIFT

The Central Bank of Iran has announced that the sanctions of SWIFT (the Society for Worldwide Interbank Financial Telecommunication) on the country’s 12 banks have been lifted. The Central Bank, as well as Tejarat Bank, Refah …

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Iran reconnected to SWIFT

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has announced the lifting of sanctions against Iranian banks, after the IAEA confirmed Iran's implementation of the Joint Comprehensive Plan of Action (JCPOA) on January …

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Iran to join SWIFT

Belgian Deputy Prime Minister and Minister of Foreign Affairs, Didier Reynders, said during a meeting with Iranian Economy Minister Ali Tayyebnia in Tehran that Iran is seeking to join the Society for Worldwide Interbank …

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