JD Supra

U.S. Treasury announces new sanctions targeting Russian banks, warns foreign financial institutions from using Russian alternative to SWIFT

The U.S. Department of the Treasury’s Office of Foreign Assets Control has designated dozens of Russian banks including Gazprombank and issued an alert warning foreign financial institutions of the ...
TASS

G7, EU discuss sanctions to target ‘Russian SWIFT’ — Bloomberg

According to the agency, these measures would target third-country financial institutions using the Bank of Russia’s Financial Messaging System NEW YORK, June 1. /TASS/. The G7 countries and the ...
TASS

Number of countries within Financial Messaging System to reach 18 in 2023 — Bank of Russia

The regulator noted that by the end of 2022, this figure should reach 15 countries MOSCOW, November 25. /TASS/. The Bank of Russia expects that the number of countries participating in the Financial ...
The National Interest

System for Transfer of Financial Messages (SPFS)

One infallible trend that has persisted throughout history is the correlation between financial and geopolitical power. For a country to build up its military, pursue innovative technologies, and ...