>>145534
>>145765
Actually Russians already have had their own financial transfer system (SPFS) since 2014, but the biggest problem is that it is only being used domestically (aka between Russian banks), and since the sanctions from USA and Europe will forbid their own banks from dealing with certain Russian banks (I don't know which ones, only that those who deal with the transactions of oil and other Russian fuels are exempt) it will be difficult to convince them to join SPFS. This is why various analysts foresee Russia adopting China's payment system (CIPS) to circumvent the sanctions and allow the affected banks and companies to trade with the countries that sanctioned them. Under this way, China would act as a middle man between Russia and Occident, with Renminbi as the main currency used, further strengthening China's already large economic influence. However, some of these analysts also predict an escalation of USA-China's trade wars if this happened, with USA attempting to sanction banks in order to make them abandon China's CIPS and thwart the network's reach. Another thing that needs to be considered is that while CIPS manages a truckload of money and has hundreds of banks operating the system, it still is nothing compared to SWIFT in both reach and volume of transactions, so even with a Russia-China( and maybe India, they also have their own "SWIFT alternative" and are one of China's largest trading partners) alliance, it still would be difficult to become independent of USA's financial systems.