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Russian “figure” vs SWIFT: who will win

In a previous article I wrote about our weak preparedness for such a possible Western sanctions as disabling Russian banks from the information and communication system SWIFT, ensuring the execution of cross-border payments. The fact that the Bank of Russia calls “domestic analogue” SWIFT — SPPS (system of transmission of …

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Why Russians rushed to withdraw money from banks

The pace at which the Russians withdraw their deposits from banks, afraid. People are experiencing something close to panic, the reasons for which they cannot rationally explain, but you feel instinctively that the ship is sinking. The Russian banking system in January, faced with a powerful outflow of population. For …

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The Russians hit banks: For the month from accounts leaked 453 billion

The Russian banking system in January, faced with a powerful outflow of population. For the month from accounts of individuals flowed 453 billion rubles, according to Raiffeisenbank, citing Bank statements, published by the Central Bank. The reduction in retail deposits – the traditional January phenomenon, but its scope in the …

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The main threat to the West Russia is not ready to reflect

In the spring of 2014, Russia is under various economic sanctions by the US and its allies. For almost four years, the West scares us a “killer” sanctions like disconnection from the SWIFT system. SWIFT is an acronym which stands for the following full English name: Society for Worldwide Interbank …

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