SWIFT must be ‘killed off’ – top Russian banker
Digital banking will create sovereignty, VTB chief Andrey Kostin says
A move away from conducting financial transactions through Western payment systems, including SWIFT, is vital for Russia and its trading partners, the head of the country’s second-largest lender has said.
Speaking on Thursday at the Data Fusion 2024 conference, VTB CEO Andrey Kostin called for the promotion of digital financial settlements in Russia and allied nations.
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