In 2014, the Bank of Russia launched the Financial Messaging System (SPFS) in test mode. The system can transmit data in the SWIFT format, but it does not depend on its channels. In 2017 ...

The U.S., the U.K., Canada and the European Union announced that they would disconnect SWIFT from “selected” Russian banks in the backdrop of the Russian Invasion of Ukraine. "Russia’s war ...

Russia is said to be highly dependent on SWIFT for its key oil and gas exports. The assets of Russia’s Central Bank will also be frozen, which would limit access to overseas reserves.

KAZAN, September 18. /TASS/. A number of big Russian banks are already using the equivalent of SWIFT created by the Central Bank, the regulator’s Deputy Chairman Olga Skorobogatova said at ...

The E.U. is considering disconnecting around 15 Russian banks from the international SWIFT banking system as part of its 16th sanctions package against Russia, Bloomberg reports, citing sources ...

call into further question Russia’s stated commitment to continue to engage in diplomacy to achieve a peaceful resolution of this crisis, and necessitate a swift and firm response from the ...