• Пн. Бер 20th, 2023

Economic news / Економічні новини

News of economy, energy, trade, finance / Новини економіки, енергетики, торгівлі, фінансів

The African country wanted to connect to the Russian finance system


Чер 14, 2022

Ethiopia could connect to the payment system being created by Russia if Turkey or China participated in it, Alemayehu Tegenu Argau, the ambassador of this African country, told RIA Novosti.

“For Africa, it is also suitable, this is not a problem,” he stressed. The ambassador added that it is necessary to create a mechanism that would allow the exchange of the ruble and other currencies in Ethiopia and other countries.

Earlier it was reported that representatives of the Central Banks of Turkey and Venezuela want to discuss cooperation with Russia in the field of payment systems during the St. Petersburg International Economic Forum (SPIEF).

After the start of the special operation in Ukraine, major participants in the international payments market, including the American money transfer system Western Union, left Russia. In May, the first deputy chairman of the Russian Central Bank, Olga Skorobogatova, announced the regulator’s intention to focus on the development of cross-border payments.