Iran announced an agreement linking its SEPAM banking-message system with Russia’s SPFS, seeking a direct channel for financial communications between participating banks.
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Which banking-message systems did Iran announce linking in January 2023?
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The announcement concerned Iran’s SEPAM and Russia’s SPFS; messaging connectivity did not remove every payment obstacle.
Connecting SEPAM and SPFS meant every sanction and payment obstacle disappeared immediately.
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The connection concerned financial messaging; broader settlement and compliance obstacles could remain.