RBC

Russia’s A7 Signals a New Model for Cross-Border Payments as Sanctions Reshape Global Finance

PSB Bank Chairman Petr Fradkov has described the emergence of alternative payment infrastructure as a response to one of the most restricted corners of the global economy: cross-border settlements. In an interview with RBC, he outlined how the A7 international payment system is operating in a market where traditional international payments have become severely constrained, underscoring the growing fragmentation of global finance.