Thursday, May 19, 2022
name of Prensa Latina
Bandera inglesa
English Edition
name of Prensa Latina

NEWS

NEWS

Iran and Russia to connect interbank systems against sanctions

Iran and Russia to connect interbank systems against sanctions

Tehran, Mar 25 (Prensa Latina) Iran on Friday announced the implementation of cooperation actions with Russia to connect its interbank messaging systems and bypass the SWIFT mechanism, in the face of Western sanctions, local media report.
Share on facebook
Share on twitter
Share on whatsapp
Share on telegram
Share on email

Tehran and Moscow are discussing the recognition of Russia’s Mir payment system cards and the issue of connecting their banks to the System for Transfer of Financial Messages (SPFS), a diplomatic source stated, quoted by Hispantv.

The TV news station referred to the statements by Iran’s Ambassador to Russia Kazem Yalali, who confirmed the works to activate the SPFS, which is the Russian equivalent of the Society for Worldwide Interbank Financial Telecommunication, known as SWIFT.

The source added that the Russian city of Yekaterinburg could become a center to develop relations between Iran and Russia.

The implementation of this alternative financial messaging system will allow the two countries to trade and evade Western sanctions, the TV station stated.

pgh/iff/rgh/ynr

RELATED
ÚLTIMO MINUTO
name of Prensa Latina

| Text SMS to 8100 with content PL
Receive 4 mesages x 25 cup

© 2016-2021 Prensa Latina
Latin American News Agency

Radio – Publications  – Videos – News by the minute.
All Rigts Reserved.

St. E No 454 , Vedado,  Habana, Cuba.
Phones: (+53) 7 838 3496, (+53) 7 838 3497, (+53) 7 838 3498, (+53) 7 838 3499
Prensa Latina © 2021 .

Web Site developed by IT Division  Prensa Latina.