“At the moment, 70 foreign organizations from 12 countries have joined it, this work is underway,” RIA Novosti quotes Nabiullina.

According to her, the regulator is ready to connect everyone to the system, but it all depends on the desire of the partners.

“Indeed, many partners are afraid, so we do not say who is connected, respectively.

We say that there are opportunities to connect, and partners are looking at who and how to connect, ”the head of the Central Bank answered the question about the partners’ fear of falling under secondary sanctions due to connecting to the SPFS.

In mid-April, the head of the Central Bank of Russia, Elvira Nabiullina, announced that 52 foreign organizations had already joined the Russian analogue of SWIFT - the Financial Message Transfer System.

Earlier, Philippine Ambassador to Moscow Igor Bailen said that the Philippines is considering connecting to the Russian financial messaging system (SPFS) in order to continue trade with Russia.

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