Russia says it will no longer disclose the names of organizations that use its alternative to the SWIFT payment system

Russia says it will no longer disclose the names of organizations that use its alternative to the SWIFT payment system

Russian central bank governor Elvira Nabiullina

Russian central bank governor Elvira Nabiullina said most Russian banks and 52 foreign organisations from 12 countries had access to the country’s alternative to Swift.Shamil Zhumatov/Reuters

  • Some Russian banks have been banned from the SWIFT banking system due to the Ukraine war.

  • Russia is now urging the use of its alternative System for Transfer of Financial Messages.

  • Russia’s central bank said it will stop revealing the names of those participating in its alternative to SWIFT.

Russia’s…


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