Lavrov promises access to alternative payment platforms to non-members of BRICS

Lavrov promises access to alternative payment platforms to non-members of BRICS

ByFarhan Hameed Qaiser

“There is an opportunity to form payment platforms independent of external influence, one example being the financial messaging system of the Bank of Russia,” the Russian foreign minister said Countries that do not belong to BRICS will also be able to access alternative payment platforms within the association if they are created, Russian Foreign Minister…

Iran, Russia link bank card systems in latest move to overcome sanctions

Iran, Russia link bank card systems in latest move to overcome sanctions

ByFarhan Hameed Qaiser

Iranian bank cards can now be used in Russia, state television reported, as the two countries linked their banking systems in the latest bid to counteract sanctions. Iranian banks have been excluded since 2018 from the SWIFT international financial messaging service, which governs the vast majority of transactions worldwide. The move is part of a…