Venezuela may switch from SWIFT to Russian payment system to skirt US sanctions – report

  • Home
  • Venezuela may switch from SWIFT to Russian payment system to skirt US sanctions – report

Venezuela may switch from SWIFT to Russian payment system to skirt US sanctions – report

Posted by The Analyst | July 17, 2019 | Business
Preview

Venezuela is considering using the Russian alternative to the traditional SWIFT international payment system, as the country braces for new US sanctions that could further weaken its financial sector, according to Bloomberg.
Read Full Article at RT.com

Read more here:: Venezuela may switch from SWIFT to Russian payment system to skirt US sanctions – report

      

Related Blogs

No Image
Posted by The Analyst | February 22, 2021
Russian e-commerce market posts explosive growth during Covid pandemic
Online shopping was booming in Russia last year, with trade volumes increasing by nearly 60 percent compared to 2019, according to a business group representing major online retailers operating in...
30 Likes
No Image
Posted by The Analyst | February 22, 2021
What a twist! Bitcoin investments bring Tesla more returns than sales of electric vehicles
Investing in bitcoin has already yielded US electric car producer Tesla its first gains of around $1 billion. The figure leaves the company's profits from selling its electric vehicles (EV)...
34 Likes
No Image
Posted by The Analyst | February 22, 2021
Russia-Germany trade turnover falls to lowest level in 16 years
The volume of trade between Russia and Germany declined by 22.2 percent in 2020, year-on-year, to €44.9 billion ($54.4 billion), according to data from the German Committee on Eastern European...
31 Likes