Moscow seeks solutions for international settlements after Western sanctions blocked Russian banks' access to SWIFT.
Emese Grancsa
International
Credit: Kommersant Photo Agency / ddp USA / Profimedia
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After Western sanctions blocked most Russian banks from accessing the SWIFT system, Russia is looking for alternatives for international settlements. A draft law proposes opening foreign bank branches in Russia under certain conditions to facilitate cross-border settlements. The initiative comes in response to the difficulties created by Western sanctions, which have significantly affected the Russian financial system.
Sources
Parlamentul de la Moscova, aproape să adopte o legislație care va permite băncilor străine deschiderea de sucursale în Rusia - Economica.net
Rusia, aproape de a permite deschiderea de sucursale ale băncilor străine
Rusia, aproape de a permite deschiderea de sucursale ale băncilor străine
Băncile străine ar putea primi permisiunea de a deschide sucursale în Rusia. Cu ce ajută Moscova această mutare strategică
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