In December, the Bank of Russia offered a new service to credit institutions for the transfer of financial messages in SWIFT format for domestic operations. Banks can be connected to the service on the basis of their agreements with the Bank of Russia.
"The new service has been implemented in order to ensure smooth and safe transfer of financial messaging inside the country. The service is another step in the direction of improving the system of services provided by the Bank of Russia," a message from the Central Bank of the Russian Federation said.
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Russia has adopted its own SWIFT equivalent system to combat sanctions and economic warfare
