Russia reportedly developed an alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) Messaging Network that Banks use for financial transactions to skirt the United States’ (US) Countering American Adversaries through Sanctions Act (CAATSA) Law.
The alternate system has started use this year (2019) on military transactions with Turkey and India and so far seemed to be effective in countering CAATSA.
SOURCE: Sanctions-Busting ‘Financial Arrangements’ helped Rosoboronexport complete S-400 Turkey Deal
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The alternate system has started use this year (2019) on military transactions with Turkey and India and so far seemed to be effective in countering CAATSA.
SOURCE: Sanctions-Busting ‘Financial Arrangements’ helped Rosoboronexport complete S-400 Turkey Deal
Like my page on Facebook: https://www.facebook.com/philippinedefensebulletin
Follow me on Twitter: https://twitter.com/PhilDefNews
Subscribe to me on Blogger: https://therhk111philippinedefenseupdates.blogspot.com
Visit me on Wordpress: https://rhk111smilitaryandarmspage.wordpress.com
Watch my Youtube Channel: https://www.youtube.com/channel/UCPoTzGfu0iP9VPaQQ9EOjVQ/videos
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