RUSSIA IS PREPARED TO DISCONNECT FROM SWIFT PAYMENT SYSTEM (Source blacklistednews.com)
Russia is preparing to depart from the international payment system SWIFT, Maria Zakharova, Russia’s Defense Ministry spokeswoman said, in an interview with RT. Russia has been attempting to push its Mir payment system since 2019, with Russian lawmakers backing the international use of a Russian alternative system for the global financial messaging network SWIFT designed by Moscow to eliminate the risk of Western sanctions. Back then, Russia held talks with China, India, Iran and Turkey about joint use of Russia’s financial messaging system, said Anatoly Aksakov, who heads the Russian Banking Association and a financial committee with the lower house of parliament. This is becoming increasingly likely, as the sanctions the US, and also the EU pushes on Russia and China are making the two countries move ever closer. Most recently, China’s foreign ministry said that US sanctions on Russia amounted to bullying at this point.