https://en.sputniknews.africa/20240219/uganda-welcomes-alternative-to-swift-to-counter-western-blackmail-foreign-minister-says-1065142852.html
Uganda Welcomes Alternative to SWIFT to Counter Western Blackmail, Foreign Minister Says
Uganda Welcomes Alternative to SWIFT to Counter Western Blackmail, Foreign Minister Says
Sputnik Africa
ADDIS ABABA (Sputnik) - Last December, Russian President Vladimir Putin said that the SWIFT payment system has been discredited; its place is being taken today... 19.02.2024, Sputnik Africa
2024-02-19T08:26+0100
2024-02-19T08:26+0100
2024-02-19T08:26+0100
sub-saharan africa
jeje odongo
vladimir putin
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Uganda welcomes the search for an alternative to the SWIFT payment system in order to counter blackmail and politicization of financial payments by the West, Ugandan Foreign Minister Jeje Odongo told Sputnik. He noted that the West actually blackmails African countries if it does not agree with their political course.
https://en.sputniknews.africa/20231207/swift-discredited-being-overtaken-by-system-based-on-payments-in-national-currencies-putin-says-1064001193.html
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Uganda Welcomes Alternative to SWIFT to Counter Western Blackmail, Foreign Minister Says
ADDIS ABABA (Sputnik) - Last December, Russian President Vladimir Putin said that the SWIFT payment system has been discredited; its place is being taken today by a system based on payments in national currencies.
Uganda welcomes the search for an alternative to the SWIFT payment system in order to counter blackmail and
politicization of financial payments by the West, Ugandan Foreign Minister Jeje Odongo told
Sputnik.
"So an alternative to the existing SWIFT is something welcome and something that we should be able to examine so that, as Africa, we have options. You can use SWIFT, or you can use what the Russians are developing so that the blackmail, the politicization of financing is something we can deal with by having options," Odongo said on the sidelines of the African Union summit in Addis Ababa.
He noted that the West actually
blackmails African countries if it does not agree with their political course.
"If you have, in their view, political issues they do not agree with, that conflict or that disagreement does not only stay there, it migrates quickly into availability of resources for development for you, and means of payment, such services, which you may get denied, particularly if they imagine that you have association or links with the Russian authorities," Odongo added.
