18 Apr 2026
Russia has basis for analogue of SWIFT
Russia has a basis for creating an analogue of the SWIFT payment system, Russian Foreign Minister Sergei Lavrov said.
"The basis [of an alternative to SWIFT] exists. And I am convinced that both the government and the Central Bank should do everything to make this basis reliable and guaranteeing complete independence and safeguard against damage that someone may try to additionally inflict upon us," Sputnik cited the Russian diplomat as saying.
Media have regularly reported that Russia could someday be disconnected from the network of the Society for Worldwide Interbank Financial Telecommunication as part of tougher Western sanctions.
Russia began developing its SPFS system in 2014, following Washington's threats to disconnect it from SWIFT over Crimea situation. The first transaction on the network took place in late 2017.
Latest news
Latest newsBlockade Instead of a Deal: Why the United States Is Increasing Pressure on Iran After Failed Talks
13.Apr.2026
Easter Truce Without Peace: Why the Initiative of Vladimir Putin and Volodymyr Zelenskyy Failed to Halt Hostilities
13.Apr.2026
No Conditions for Elections and Referendums in Ukraine Today
12.Apr.2026
Armenia and Russia: Redefining Dependence in a Time of Regional Upheaval
11.Apr.2026
Ceasefire Without Effect: Traffic Through the Strait of Hormuz Remains Paralyzed
10.Apr.2026
Repairs to the Druzhba Oil Pipeline Near Completion: Kyiv Seeks to Ease Tensions within the EU
10.Apr.2026
Armenia’s 2026 Elections: System Stability Amid Low Trust and Fragmented Competition
08.Apr.2026
Escalation Around Iran: The U.S. Increases Pressure
07.Apr.2026
Tbilisi Brings the Region Closer: The South Caucasus Strengthens Coordination
07.Apr.2026
Ukraine Develops a “Low-Cost Shield”: New Air Defense System Could Change the Rules of Warfare by 2027
06.Apr.2026