Reconnecting the Russian Agricultural Bank to the SWIFT system is planned.

Al Mayadeen information confirmed on Saturday that the European Union informed the United Nations, prior to the November 11 Geneva meeting between the UN team and the Russian Deputy Foreign Minister, Sergey Vershinin, that the Europeans agreed to exempt several companies from sanctions.

The information revealed that the UN is currently convincing these companies to cooperate with Russia, pointing out that UN Secretary-General Antonio Guterres informed Russian Foreign Minister Sergey Lavrov on the sidelines of the G20 summit in Bali of a plan to reconnect the Russian Agricultural Bank to the global SWIFT system.

Following the start of the war in Ukraine, Western countries announced comprehensive sanctions against Russia, which included depriving its major banks of benefiting from the SWIFT financial system for interbank transactions.

The information noted that the transfer of Russian returns will take place through US banks Citibank and JPMorgan Chase.

In mid-August, Russian Deputy Minister Alexander Pankin revealed that the Bank of Russia is actively developing the Financial Message Transmission System.

According to the Russian diplomat, Russia believes that a gradual shift from the SWIFT interbank payment system to more secure channels for sending financial information protected from external pressure is necessary.

"This is a forced, but completely natural decision in an environment where Russian banks and their clients regularly encounter problems with routine international payments," Pankin added.

"We are certain that not only Russia, but also other pragmatic states, of which there are many, are interested in the emergence of a truly unbiased and independent of Western countries' changing moods international payment infrastructure," the diplomat stressed.

On Friday, Hungarian Prime Minister Viktor Orban described the European Union's sanctions against Russia as "a step toward war," intensifying his criticism of Brussels' strategy that he considered "dangerous".