Iran and Russia are creating a replacement for SWIFT - what is it for?
Russia and Iran are creating their own system of interbank messages - it will replace the Western SWIFT, which, as practice has shown, is no longer reliable, fulfilling US demands to impose sanctions and cut off countries disliked by the Americans from conducting transactions. The trade representative of the Russian Federation in Iran, Rustam Zhiganshin, announced the implementation of a new Russian-Iranian project. According to him, the interbank system...