The Ministry of Finance of the Russian Federation reported that Russia, together with the BRICS countries, plans to soon launch an analogue of the SWIFT system. This was reported on the website of the Ministry of Finance of Russia.
According to the source, on April 8, the first meeting of the finance ministers and governors of the central banks of the BRICS countries was held. At this meeting, they discussed the further development of cooperation between the states of the union, and, among other things, options for circumventing sanctions and replacing Western financial systems.
“[Новая волна санкций] pushes us to the need to speed up work in the following areas: the use of national currencies for export-import transactions, the integration of payment systems and cards, our own financial messaging system and the creation of an independent rating agency BRICS,” Anton Siluanov, Minister of Finance of the Russian Federation
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