Russia is working on creating payment systems that are independent from SWIFT

© RIA Novosti / Alexei Druginderal in Photobacterium of the Russian Federation Vladimir Putin speaks at an investment forum VTB Capital Russia calling!Russia is working on creating payment systems that are independent from SWIFT© RIA Novosti / Alexey druginderal to the photobank

Russia is working with key trading partners on the creation of systems that would be independent from the international system of Bank calculations SWIFT, said during a forum «Russia calls!» the President of Russia Vladimir Putin.

«With some countries we are now actively working with our trading partners, on the creation of systems that would be independent from SWIFT,» said the head of state.

SWIFT — international interbank transfer system information and make payments. It is connected to more than 10.8 thousand largest organisations in more than 200 countries. The system in October 2014, said that under pressure from several States, insisting on its accession to the sanctions against Russia, however, does not intend to give.

Source