EU offers Russian banks alternatives to SWIFT – media ...News

Key Russian lenders have been disconnected from the global financial messaging system as part of measures related to the Ukraine conflict Russian banks disconnected from SWIFT may be permitted to use alternative messaging channels for transactions with foreign counterparts, RBK news outlet reported on Saturday, citing EU guidance. According to the report, the alternatives encompass “non-specialized financial messaging services” such as phone, fax, or email. Banks that are not on the EU sanctions list can use these channels to conduct business with European financial institutions if the transactions are also not su

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