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Russia, China Working on Independent Payment Infrastructure: Ambassador

Russia, China Working on Independent Payment Infrastructure: Ambassador

Sputnik Africa

Russia, China Working on Independent Payment Infrastructure: AmbassadorThe goal of the project is that the West cannot dictate its terms, Russian Ambassador to... 29.08.2025, Sputnik Africa

2025-08-29T10:36+0200

2025-08-29T10:36+0200

2025-08-29T10:44+0200

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Russia, China Working on Independent Payment Infrastructure: AmbassadorThe goal of the project is that the West cannot dictate its terms, Russian Ambassador to China Igor Morgulov told Sputnik. He said that Russia is known to be promoting its own system for transmitting financial messages, while its Chinese partners have their own cross-border interbank payment system CIPS, of which many Russian banks are already participants."A number of specialized initiatives have been put forward within the BRICS framework. I am convinced that given the importance of this issue, the intensity of such joint work will only increase with time," the ambassador said.Subscribe to @sputnik_africa Sputnik Africa | X

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