Russia’s A7 Payment Push Highlights the New Fault Lines in Cross-Border Finance
PSB Bank Chairman Petr Fradkov has described the cross-border payments arena as one of the economy’s most closed and strategically sensitive sectors, underscoring how alternative rails are being built around existing global systems. In comments to RBC, he outlined how the A7 international payment system operates in a market where conventional international transfers are increasingly constrained, reflecting a broader shift in financial infrastructure.
