RIAC :: SWIFT,Finance

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BRICS in Global Financial System: The Need to Level the Playing Field

... through offshore banks in Hong Kong, the UK and Singapore. Among the BRICS-11 countries, only Russian banks supported settlements in RMB, which accounted for 1.9% of all transactions. Some optimism is inspired by the fact that in the market of trade finance and settlements via SWIFT the RMB ranked second with a share of 5.8% (the share of the US dollar stood at 84.15%, euro – at 5.43%). Trade financing is a set of financial instruments such as a letter of credit, export credit or insurance coverage that enable an importer ...

14.12.2023

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The SWIFT System: A Focus on the U.S.–Russia Financial Confrontation

... views on this topic in the form of online comments, and academic articles that provide a systematic analysis are few. At present, most of the academic articles on SWIFT systems in China introduce the SWIFT system from a technical perspective of applied finance. The Development and Application of the SWIFT in China [ 3 ] and An Analysis of the Characteristics of SWIFT Correspondence in Banks [ 4 ] are among them. And fewer articles focus on the role of the SWIFT system in financial sanctions as a case study in the context of international political ...

03.02.2020

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)