Russia To Use Other Opportunities If It Is Disconnected From SWIFT - Deputy Minister
Sumaira FH Published April 14, 2021 | 07:40 AM
MOSCOW (UrduPoint News / Sputnik - 14th April, 2021) Russia will use other opportunities if it is disconnected from SWIFT, but Moscow is not rejecting the system yet, Russian Deputy Foreign Minister Alexander Pankin told Sputnik.
"We are not abandoning SWIFT yet, but if we are denied SWIFT, we will use [other systems]," Pankin said.
He said the issue of possible partners in case of developing an alternative to SWIFT was not being discussed yet.
Earlier, Pankin said in an interview with Sputnik that Russia did not rule out the formation of a system on a new technological basis alternative to SWIFT.
Russian Foreign Minister Sergey Lavrov said earlier that Russia saw great prospects in working with its foreign partners to gradually move away from the use of the Dollar in mutual settlements and switch to national or alternative currencies and abandon the use of payment systems controlled by the West.
Media have regularly reported that Russia could be disconnected from the network of the Society for Worldwide Interbank Financial Telecommunication as part of tougher Western sanctions.
Recent Stories
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
Pandemic accord talks heading for extra time
Khawaja reiterates PM commitment to judiciary
More Stories From World
-
Bus plunges off S.Africa bridge killing 45: ministry
5 hours ago -
S.Africa's ex-president Zuma barred from May election
6 hours ago -
Tax the rich: slow progress on the international front
6 hours ago -
Bus plunges off S.Africa bridge killing 45: ministry
6 hours ago -
Russia sentences journalist to 2 years in prison, detains others
6 hours ago -
France asks for foreign help for Olympics security: officials
7 hours ago
-
04 killed in Spain as Storm Nelson looms
7 hours ago -
Russian military jet crashes into sea off Crimea: Governor
7 hours ago -
Pandemic accord talks heading for extra time
7 hours ago -
French parliament backs bill against hair discrimination affecting black women
7 hours ago -
Russia says 'evidence' links Ukraine to Moscow attack
7 hours ago -
Russian shelling kills three in Ukraine, officials say
7 hours ago