Russia to keep identity of payment system members secret

Thursday, 21 April 2022Newsdesk

The Central Bank of Russia (CBR) said on Tuesday it will stop disclosing the identity of participants in the System for Transfer of Financial Messages (SPFS), the country’s alternative to SWIFT. Until recently, the list was posted on the regulator’s website.

New Delhi, 21 April 2022

“Under the current circumstances, we decided not to disclose on the website the list of companies connected to the system,” the CBR’s press service said, adding that “the users of the system can still see the list.” As per news report of Rt.com, some Russian banks were cut off from SWIFT recently, effectively denying them access to international markets. The ban was part of the latest Western sanctions targeting Russia over its military operation in Ukraine.

Source -rt.com