Sanctioned Russian bank bypasses SWIFT
Sep 6th 2022 9:05am EDT

State lender VTB launches transfers in Chinese yuan One of Russia’s top banks, VTB has become the first lender in the country to launch money transfers to China in yuan, sidestepping the global financial messaging system SWIFT. “The new reality is leading to a massive abandoning of the use of the US dollar and the […]
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