The Russian banks stop use of SWIFT for the translations within the country: how it will be reflected in clients?

Features of transition to domestic services JOINT-STOCK COMPANY "BBR BANK". Since October 1, 2023 banks will be obliged to use domestic services and financial infrastructure for information transfer at money transfers to territories Russian Federation. This step is taken for data security and increase of safety financial operations in the country. Thus, under a ban SWIFT – the conventional system of transmission of messages which unites more than 10 thousand banks and other financial organizations get and is most often used for carrying out international payments of clients. "We already used...