{"id":2688,"date":"2024-10-15T04:27:07","date_gmt":"2024-10-15T01:27:07","guid":{"rendered":"https:\/\/relinvestmentsgroup.com\/?p=2688"},"modified":"2024-10-15T04:27:07","modified_gmt":"2024-10-15T01:27:07","slug":"rossiya-prizyvaet-strany-briks-razrabotat-transgranichnuyu-alternativu-swift","status":"publish","type":"post","link":"https:\/\/relinvestmentsgroup.com\/en\/rossiya-prizyvaet-strany-briks-razrabotat-transgranichnuyu-alternativu-swift\/","title":{"rendered":"Russia urges Brics countries to develop cross-border alternative to Swift"},"content":{"rendered":"<p><\/p>\n<p class=\"p1\">Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar.<\/p>\n<p class=\"p1\">A report on the proposal was published ahead of an annual Brics summit that will be held next week.<\/p>\n<p class=\"p1\">Brics members include Brazil, Russia, India, China, South Africa, Iran, the United Arab Emirates, Ethiopia and Egypt.<\/p>\n<p class=\"p1\">The report prepared by the Russian Finance Ministry, the Bank of Russia and Moscow-based consultancy Yakov &amp; Partners floats the development of a network of correspondent banks to conduct cross-border transactions in local currencies, the establishment of direct links between central banks, the creation of centres for mutual trade in commodities, and the use of distributed ledger technology or a new multinational platform for settlements with tokens.<\/p>\n<p class=\"p1\">The new system would \u201cring-fence its participants from any external pressures such as extraterritorial sanctions\u201d, the report said.<\/p>\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Russia is pushing for the creation of a new cross-border payment system for Brics countries as part of a scheme that would help the country to evade financial sanctions and reduce its reliance on the US dollar. A report on the proposal was published ahead of an annual Brics summit that will be held next [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Payments-55-1024x445.jpeg",1024,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Payments-55-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Payments-55-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/Payments-55.jpeg",1024,683,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2688"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2688\/revisions"}],"predecessor-version":[{"id":2690,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2688\/revisions\/2690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2689"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}