Russia created its own SWIF alternative – he SPFS (System for Transfer of Financial Messages) – in 2014 and the first system transaction was made by Rosneft in December 2017.
Photo: Donat Sorokin/TASS Host Photo Agency/Pool via REUTERS
Citing the many contributions that the Arab world made to global civilization throughout history, the UN Secretary-General expressed admiration for the way many Arab countries are “extending remarkable hospitality to wave upon wave of refugees
Photo: UN
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These deliberations reflected how the world of 1960s and 1970s, when the Gobal North transferred technology and models of development to the Global South, is long gone
Photo: UNOSSC