Documents

This paper is dedicated to a Russian alternative of SWIFT called Financial messaging system of the Bank of Russia (SPFS). In this study authors identify a risk of cutting Russia off from the SWIFT international bank transfer and financial messaging system, justify the necessity of a such system, identify its advantages and disadvantages, evaluate its prevalence and demand. Particular attention was paid to the current practice of SPFS international usage. Plans, strategies and potential installation in EAEU countries and friendly regimes (like Venezuela and Iran) are discussed. The Blockchain technology, the digital currency and the Bank of Russia project of the digital ruble are also considered in terms of international finance.
Translated title of the contributionRussian alternative of SWIFT: reaching international level
Original languageRussian
Title of host publicationРазвитие современной экономики России
Subtitle of host publicationМатериалы работы Международной конференции молодых учёных-экономистов, Санкт-Петербург, 14–17 апреля 2021 г.
Place of PublicationСПб
PublisherСкифия-принт
Pages145-150
ISBN (Electronic)978-5-00197-007-1
StatePublished - 14 Apr 2021
EventМеждународная конференция молодых ученых-экономистов «Развитие современной экономики России» - Санкт-Петербург, Russian Federation
Duration: 14 Apr 202117 Apr 2021
http://www.econ.spbu.ru/ru/news-events/events/mezhdunarodnaya-konferenciya-molodyh-uchenyh-ekonomistov-razvitie-sovremennoy

Conference

ConferenceМеждународная конференция молодых ученых-экономистов «Развитие современной экономики России»
Country/TerritoryRussian Federation
CityСанкт-Петербург
Period14/04/2117/04/21
Internet address

    Research areas

  • SWIFT, SPFS, digital currency, digital ruble

ID: 91963224