Germany remains one of Russia’s key partners in Europe — KremlinRussian Politics & Diplomacy September 26, 15:33
Russian Defense Ministry calls on UN to increase humanitarian aid to SyriaWorld September 26, 14:59
Kremlin says open skies treaty controversies must be settled within pact's frameworkRussian Politics & Diplomacy September 26, 14:31
Embassy of Spain evacuated in Moscow due to bomb scareWorld September 26, 14:21
Putin discusses Kurdish referendum with Erdogan, RouhaniRussian Politics & Diplomacy September 26, 14:03
Russia may create 'drone swarms' capable of making decisions in 5 yearsMilitary & Defense September 26, 14:01
Kremlin urges Facebook to honor Russian lawsBusiness & Economy September 26, 13:53
Russian army to get bulk of Terminator armored vehicles in 2018Military & Defense September 26, 13:33
Putin congratulates Merkel on German election resultRussian Politics & Diplomacy September 26, 13:08
MOSCOW, September 17. /TASS/. An equivalent of Belgian SWIFT has practically been created in Russia, Central Bank Chief Elvira Nabiullina said on Thursday.
"Work is on track," the Central Bank Chief said. "As far as financial messages transmission is concerned, we have practically set up a SWIFT counterpart in Russia," Nabiullina said. The system contemplates competitive tariffs and the regulator is ready to develop and improve this service, she added.
Several dozen banks are ready to use it, Nabiullina said. The head of the Central Bank said that the SWIFT equivalent is being developed with maximum use of Russian IT technologies. "Many complained our microelectronics is poorly developing and so on, but demand is needed to develop domestic production. We are generating such demand," Nabiullina said.
It was reported earlier that Russia’s SWIFT counterpart would be launched in fall 2015. The need for having a domestic SWIFT and a national payment system became more acute after sector sanctions were imposed against Russia last year.
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) transmits 1.8 billion communications a year, remitting payment orders worth $6 trillion a day. The system comprises over 9,000 banks from 209 countries.
Under the SWIFT charter, groups of members and users are set up in each country covered by the system. In Russia, these groups are united in the RosSWIFT association.