IPFS News Link • Russia
Russia backs global use of its alternative SWIFT system
• https://uk.reuters.comRussia has 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.
"As the system has proved to be viable and efficient, it draws interest from both Russian and foreign players, it is proposed to give any legal entities, Russian and foreign, the possibility to use it," Aksakov said.
The lower house of parliament, or Duma, gave the green light to a bill proposed by Aksakov in the first reading. The bill needs to pass two more readings with the Duma and obtain support from President Vladimir Putin to become law.