Russia Advances Financial Information System Integration with Asia, Africa, Latin America

Deputy Foreign Minister Sergey Rybakov announced Russia is actively working with partners in Asia, Africa, and Latin America to integrate national financial information transmission systems, aiming to build a new payment and settlement architecture. This signals a concrete step toward de-dollarization and reducing reliance on Western financial infrastructure, though details on scope and timeline remain unclear. The move is part of Russia's broader strategy to circumvent sanctions and strengthen economic ties with non-Western countries.

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