Russia proposes SWIFT alternative to India for Ruble payments - Moneycontrol

The plan involves rupee-ruble-denominated payments using Russia’s messaging system SPFS, the people said, asking not to be identified discussing confidential deliberations.

Indias government is considering a proposal from Russia to use a system developed by the Russian central bank for bilateral payments, according to people with knowledge of the matter, as the Asian na… [+2029 chars]

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