On the eve it became known that in the coming days Russia will be disconnected from the SWIFT system, Russia has already created its own financial messaging system. According to the latest data, 23 foreign participants from Armenia, Belarus , Kazakhstan , Kyrgyzstan , Germany and Switzerland are already connected to it.
Western countries decided to limit the Russian Central Bank’s ability to support the ruble exchange rate with international financial transactions.
The head of the European Commission Ursula von der Leyen said Russian transactions will be frozen.
In response to such a risk, Russia has already created its own financial messaging system.
According to the Russia’s Central Bank, by February 18, Russia’s international reserves reached a new all-time high, having increased to $643.2 billion.
At the same time, by the middle of last year, dollar-denominated assets decreased to 16.4 percent, while the share in euro, yuan, pound sterling and other currencies increased.
Western countries announced a new round of the sanctions spiral, which has been unwinding since 2014, after President Vladimir Putin signed decrees on February 21 recognizing the sovereignty of the LPR and DPR , and on February 24 announced the start of a special operation in the Donbass.
Several major Russian banks fell under the new restrictions, including Sberbank and VTB.
Moscow said it had prepared a plan of action in advance in case of a new wave of sanctions and would provide any necessary support to businesses that fell under the restrictions, ensuring the smooth operation of the economy.
Share on Facebook «||»
Share on Twitter «||»
Share on Reddit «||»
Share on LinkedIn
South Africa: Minister Pandor to participate in the High-Level Segment of the 49th Session of the United Nations Human Rights Council in Geneva, Switzerland: The Minister of International Relations and Cooperation, Dr Naledi Pandor, will participate in the High-Level Segment of the 49th Session of the United Nations Human...
Emotional Tribute: Israel Holds Switzerland to Draw in Euro 2024 Qualifier: Emotional Tribute: Israel Holds Switzerland to Draw in Euro 2024 Qualifier In a poignant display of solidarity and remembrance, Israel held Switzerland to a 1-1...
Historic Milestone Achieved: Large Hadron Collider in Switzerland Initiates First Particle Collision, Paving the Way for New Scientific Frontiers: In a momentous scientific feat, researchers at CERN initiated the first collision of particles within the world’s largest and most potent particle accelerator. This landmark...
Influencer creates candle with scent of her own vagina: …By Henry George for TDPel Media. Kine-chan, a 29-year-old influencer, recently announced that she had created a candle with the scent of her own vagina....
Momentum grows to ban Russia from SWIFT payment system: Canada, the United States, Britain and the European Union said they could act to exclude Russia from the SWIFT global interbank payments system in a...
Brand Strategy, Messaging, and Consumer Testing: Rebranding or introducing a new brand is a risky venture since you are uncertain about how customers will receive you. Some companies have already lost...
How to Master Omnichannel Messaging for Effective Customer Communication: Today’s importance of customer communication through electronic channels and its effects on a company’s overall success and key business metrics can hardly be overestimated. Timely...
Convicted Paedophile, Now Identifying as a Woman, Jailed for Messaging Schoolgirls: Detention and Gender Identity: Abigail Waller, formerly known as Jamie, a convicted paedophile, has been sentenced to three and a half years in prison for...
Latest Npower Nexit Update: Exited NPower participants get deadline to confirm participation: Next month, the Federal Government will begin training for former NPower (NEXIT) members. Nneka Anibeze, the Minister of Humanitarian Affairs, Disaster Management, and Social Development’s...
Lidl Encourages Christmas Jumper Day Participants to Rent, Not Buy, in Sustainability Drive: Eco-Friendly Twist to Christmas Jumper Day In preparation for this year’s Save the Children Christmas Jumper Day appeal, Lidl is encouraging participants to consider renting...