UAWire - Kremlin vows to quickly find a replacement for SWIF

UAWire - Kremlin vows to quickly find a replacement for SWIFT


UAWire
 Friday, April 30, 2021 11:00:00 AM
Russia will quickly find a replacement for the SWIFT payment system if it is needed, said Russian presidential spokesman Dmitry Peskov.
According to him, if SWIFT “turns to be unreliable”, an alternative to the international system of interbank payments will appear immediately.
"We live in such a developed world that alternatives, or by-pass substitutes for this system will be found very quickly. It is impossible to limit Russia in anything," Peskov said on the program "Big Game" on the government channel Rossiya 1.
“SWIFT is a dominant system, but only one of a few in this sector, and you can always find alternatives or workarounds”, Peskov assured. “In addition, if it were to be switched off, other countries would also be interested in using alternatives”, he said.

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