It is planned to include 30 companies in the testing of the platform. Financial institutions, including foreign ones, will indicate in the service what payment options they offer, and businesses will indicate where and what currency they want to transfer or where and what they want to receive.
The entire process will be anonymous so that those participating in the transactions are not subject to sanctions. Only generalized information will be known. At the same time, the RSPP will independently notify financial companies that an entity as a system operator has a specific request for cross-border transfer.
However, market participants fear problems. According to a number of experts, in this case “preventive measures” will be introduced, which impose sanctions by Western regulators. As noted, the fact of connecting to such a service “could be used as a preventative reason to impose restrictions, since the operations themselves would be difficult to monitor.”
“The system will of course ensure the priority channel protection principle: [таких каналов] they are few in number, and shrinking their numbers has negative consequences for many companies. Therefore, upon a specific request, information on the company’s compliance will first be transmitted only to the settlement channel, ”said Andrey Lisitsyn, Director of the RSPP Department of Financial Policy and Financial Markets.
Source: Ferra
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