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Russia, Iran coordinating payment systems as SWIFT alternative
Russia and Iran are organizing cooperation between the Russian financial messaging system and Iran's SEPAM as an alternative to making payments through SWIFT for protection against third countries' sanctions, Russian presidential Aide Yury Ushakov told reporters, according to Sputnik.
S. Korean finance minister calls for swift passage of extra budget
South Korea's chief economic policymaker on Wednesday called on the National Assembly to swiftly pass the 6.7 trillion-won ($5.8 billion) extra budget bill, as Asia's fourth-largest economy is facing downside risks.
SWIFT's Iran ban will expedite global de-dollarization
The blacklisting of Iran from international financial messaging system SWIFT will hasten the demise of the dollar, stockbroker-turned broadcaster Max Keiser told RT.
Russia in talks with Iran on using Russian version of SWIFT
Chairman of the State Duma Committee on Financial Markets Anatoly Aksakov announced that talks are underway between Iran and Russia to use the System for Transfer of Financial Messages (SPFS) — the Russian version of SWIFT.
EU wants China, Russia in alternative SWIFT to help Iran
The European Union plans to invite Russia and China to join a future alternative payment network to the global financial services provider SWIFT to circumvent the US sanctions on Iran, according to Russia’s EU Ambassador Vladimir Chizhov.
Top US banks won’t commit to ending Iranian financial access
Two top American financial institutions would not commit to cutting Iranian access to international financial markets, a cornerstone of the Trump administration’s new sanctions on Iran, adding fuel to concerns among US officials about efforts by European countries and Iran’s regional allies to skirt the new American sanctions ahead of a Nov. 4 implementation deadline, the Washington Free Beacon has learned.
EU might back proposal for SWIFT-like payment system with Iran
The European Union views German Foreign Minister Heiko Maas' idea of creating a European equivalent of the SWIFT payment system as a contribution to the efforts to preserve the Iran nuclear deal following the United States' withdrawal, an EU source told Sputnik on Wednesday.
OIC leaders urge swift end to violence against Rohingya Muslims
Senior leaders of the Organization of Islamic Cooperation (OIC) member states have stressed the importance of taking swift action to put an immediate end to the ongoing brutal violence against the Rohingya Muslims in Myanmar.
Swift kick from a supernova could knock a black hole askew
Gravitational waves are providing new hints about how black holes get their kicks.
Russia devises own SWIFT system
Russia says it has devised an alternative to a global electronic money transfer mechanism which the United States has shown it would readily use to disrupt overseas financial transactions of countries which it sanctions for political disputes.
Turkey, Iran reopen SWIFT connection
The central banks of Turkey and Iran have been reconnected via SWIFT global transaction network, an Iranian economy official said on Wednesday, a sign of normalizing banking ties after the lifting of sanctions against Tehran.
€51m of Iran firm shares sold via SWIFT
Iran said a foreign company has purchased 30 percent of one of its leading detergent producing brands for a total value of around €51 million through SWIFT – what is already seen as a breakthrough move in the country’s stock market.
€51mn of Iran firm shares sold via SWIFT
Iran says a foreign company has purchased 30 percent of one of its leading detergent producing brands for a total value of around €51 million through SWIFT – what is already seen as a breakthrough move in the country’s stock market.

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