{"id":1485,"date":"2014-11-12T09:17:46","date_gmt":"2014-11-12T14:17:46","guid":{"rendered":"http:\/\/olduvai.ca\/?p=1485"},"modified":"2014-11-12T09:17:46","modified_gmt":"2014-11-12T14:17:46","slug":"russia-to-launch-alternative-to-swift-bank-transaction-system-in-spring-2015-rt-business","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=1485","title":{"rendered":"Russia to launch alternative to SWIFT bank transaction system in spring 2015 \u2014 RT Business"},"content":{"rendered":"<p><a href=\"http:\/\/rt.com\/business\/204459-russia-swift-payment-alternative\/\">Russia to launch alternative to SWIFT bank transaction system in spring 2015 \u2014 RT Business<\/a>.<\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\">Russia intends to have its own international inter-bank system up and running by May 2015. The Central of Russia says it needs to speed up preparations for its version of SWIFT in case of possible \u201dchallenges\u201d from the West.<\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\"><em style=\"vertical-align: baseline; font-style: italic; padding: 0px; margin: 0px;\">&#8220;Given the challenges, Bank of Russia is creating its own system for transmitting financial messaging&#8230; It\u2019s time to hurry up, so in the next few months we will have certain work done. The entire project for transmitting financial messages will be completed in May 2015,&#8221;<\/em>\u00a0said Ramilya Kanafina, deputy head of the national payment system department at the Central Bank of Russia (CBR).<\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\">Calls not to use the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system in Russian banks began to grow as relations between Russia and the West deteriorated over sanctions. So far, SWIFT says despite pressure from some Western countries to join the anti-Russian sanctions, it has no intention of doing so.<\/p>\n<p style=\"vertical-align: baseline; font-size: 1.5em; line-height: 1.4em; padding: 0px; margin: 0px 0px 15px 0px;\">&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia to launch alternative to SWIFT bank transaction system in spring 2015 \u2014 RT Business. Russia intends to have its own international inter-bank system up and running by May 2015. The Central of Russia says it needs to speed up preparations for its version of SWIFT in case of possible \u201dchallenges\u201d from the West. &#8220;Given [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1067,61,1069,1068],"class_list":["post-1485","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-russia","tag-banking","tag-finance","tag-swift"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1485"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1485\/revisions"}],"predecessor-version":[{"id":1486,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/1485\/revisions\/1486"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}