BRICS’s countries banks to open branches in Russia
The Russian authorities are considering a proposal to allow foreign banks who are not associated with unfriendly countries to open branches in Russia this year. Rhod Mackenzie looks at how this move could change the whole financial landscape in Russia particularly with cross border payments.
00:00 Introduction
01:30 Proposal to allow friendly foreign banks in Russia
03:40 New Law is a high priority for Russian Govt
06:10 New situation needs new measures
08:10 Foreign branches will help cross border trade
09:00 China has Ali Pay and We Pay
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