Elvira Nabiullina, head of the Central Bank of Russia, said that 159 foreign participants from 20 countries have already connected to the Russian analogue of SWIFT. This was reported by RIA News.
Nabiullina reminded that the Central Bank of Russia has the Financial Message Delivery System (SPFS). He noted that some other countries have similar infrastructure.
“We are discussing the interaction of such platforms, but the interest and technical readiness of our partners are important here,” said the head of the Central Bank of the Russian Federation.
Russian Finance Minister Anton Siluanov in September statedIt was stated that creating an alternative to SWIFT within the framework of BRICS will be discussed.
Before that, Russian Prime Minister Mikhail Mishustin statedRussia wants the development of the common payment area of the Eurasian Economic Union to take place on the basis of national currencies; because this will increase the security of payments and the stability of the economies of the union countries.
In May 2023 reportedIt was noted that about 30 Russian banks have joined the national Chinese bank transfer system CIPS, which is a local analogue of the interbank system for transferring information and making SWIFT payments.
Previously Myanmar banks I started to connect To the Russian analogue of the SWIFT system.