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RBC. Reuters revealed details of the new EU sanctions against Russia

29.01.2015

New economic sanctions against Russia may not be adopted by EU leaders until late March, reports Reuters referring to its sources from the EU structures.

‘Kommersant’: Ban Seekers. The US and the EU consider introducing new round of sanctions against Russia

27.01.2015

Relations between Russia and the West are under test once again, the biggest one since last summer, when after escalation of the Ukraine conflict the US and the EU imposed sectoral sanctions on Russia.

Countries of the Customs Union discuss possible creation of the SWIFT counterpart

24.10.2014

Integration of national payment systems doesn’t boil down to a mere unification of the bank payment card systems

Expert.ru: Bankers calling on the Central Bank of Russia to set up an independent clearing system

20.10.2014

CyberPlat has developed its own financial message transfer platform CyberFT – a counterpart of the international SWIFT – which is proposed to be launched along with a new Russian clearing system.

Central Bank of Russia is not convinced by SWIFT

07.10.2014

Russia will continue to set up its own interbank settlement system

Members of the National Payment Council propose to set up SWIFT substitute based on the Central Bank of Russia

25.09.2014

Threats to block Russian banks from the system of interbank transfers SWIFT have been circulating for weeks. Last week European Parliament proposed EU countries to consider excluding Russia from the system.

US senators insist on cutting Russian banks off the SWIFT system

25.09.2014

Politicians believe that even a partial disconnection from SWIFT may have very dramatic consequences for Russia’s economy.

RBC daily: banks are testing their systems in case of disconnection from SWIFT

23.09.2014

Ministry of Finance of the Russian Federation intends to make international system of financial message exchange SWIFT set up a subsidiary in Russia. Experts believe that developments may follow the scenario of Visa and MasterCard. According to RBC, largest banks of Russia have already started testing their systems of financial information exchange not waiting for the decision of authorities.

Kostin called disconnection from SWIFT an act of aggression against Russia

21.09.2014

Cutting Russia off SWIFT is an act of aggression against Russia, response to which must be as tough as possible, said VTB head Andrey Kostin at International Investment Forum held in Sochi.

European Parliament Calls for EU to exclude Russia from the SWIFT System

19.09.2014

On Thursday, September 18, during the plenary session members of the European Parliament adopted a resolution on excluding Russia from the SWIFT system. Such resolutions are not mandatory; the final decision rests with the union countries and European Commission.

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