Russian President Vladimir Putin said on Thursday that regulation of the current system of international payments is controlled by a narrow club of countries and financial groups.
This came in a speech during an international conference entitled “Travel in the World of Artificial Intelligence” organized by “Sberbank” in the capital, Moscow.
“Today where illegal restrictions are applied, one of the areas of attack is international payments,” Putin said, referring to the imposition of restrictions on Russia via international payment systems.
He added, “The organization of the current system of international payments is subject to the control of a narrow club of countries and financial groups. This group is the masters of the universe and they monopolistically control everything.”
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Putin stressed that new international payment systems can be developed based on digital currency technologies.
And he stated: “It is possible to create a new international payment system that is completely safe for participants and, most importantly, independent of banks and the intervention of third parties.”