The list of organizations connected to the System for Transfer of Financial Messages, which was developed by Russia's central bank, will not be revealed.
Russian banks affected could move to a messaging system developed by Russia’s central bank, the System for Transfer of Financial Messages . Last year, the central bank was reported as saying domestic interbank traffic could easily be transferred to this platform.
“Under the current conditions we have made the decision not to reveal the list of organizations connected to SPFS. Still, this list is available for users of the system,” the central bank told Reuters in an emailed comment. A majority of Russian banks, along with 52 foreign organizations from 12 countries, had access to SPFS,In March, the central bank said around 400 users were connected to SPFS, which Moscow set up several years ago amid concerns that it could lose access to SWIFT after the annexation of Crimea from Ukraine in 2014.to extend the use of national currencies and integrate payment systems.
The central bank has scaled down its public activity, including suspending publication of external debt data and a breakdown of gold and foreign exchange reserves. Earlier in April, it also temporarily stopped publishing data on foreign trade on a monthly basis in the first such suspension since 1997.
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