After repeated warnings over the past couple of years,Turkey and Russia have signed a pact to increase use of the ruble and lira in cross-border payments,with Turkey signing on to Russia's alternative to SWIFT,the international telecommunications protocol used by banks and central banks the world over.
Though SWIFT is an international cooperative owned by its members,with more than 10,000 banks worldwide relying on its system for handling sizable inter-bank transactions,the safety of the network was brought into question after a series of cyberattacks in 2015 and 2016 resulted in the theft of$101 million from the Central Bank of Bangladesh.
For the first time since SWIFT's laucnh,the hacks stoked doubts about the system's safety,and prompted many US rivals,including Russia,to ramp up work on their alternatives to SWIFT.
自 SWIFT 的 laucnh 以来，黑客首次引发了人们对该系统安全性的怀疑，并促使包括俄罗斯在内的许多美国竞争对手加紧研究其 SWIFT 的替代品。
Erdogan and Putin
In addition to Turkey,China and Russia have signed agreements to bolster trade between the two countries,including settling a larger percentage of their bilateral trade in rubles and renminbi.For China,bilateral trade with Russia grew from$69.6 billion in 2016 to$107.1 billion last year.China is Russia's biggest partner for imports and exports.
There has also been talk about India joining Russia's SWIFT alternative as Washington continues to threaten New Delhi with sanctions over its decision to purchase Russian-made missile-defense systems.
在华盛顿继续威胁新德里，要对其购买俄罗斯制造的导弹防御系统的决定进行制裁之际，也有人在谈论印度加入俄罗斯的 SWIFT 系统。
According to Reuters,Russian Finance Minister Anton Siluanov signed the agreement with Ankara on Tuesday.The agreement,signed on Oct.4,will encourage the two countries to start using Russia's system in mutual settlements.
The agreement envisions Turkish banks and companies becoming connected to the Russian version of the SWIFT payment system,while enhancing the infrastructure in Turkey to allow Russian MIR cards,designed by Moscow as alternative to MasterCard and VISA,to work.
根据协议，土耳其的银行和公司将与俄罗斯版的 SWIFT 支付系统建立联系，同时加强土耳其的基础设施，使莫斯科设计的俄罗斯 MIR 卡可以替代万事达卡和 VISA 卡。
Though President Trump on Tuesday reiterated his love and respect for Turkish President Recep Tayyip Erdogan,it's worth remembering President Putin's warning about the potential ramifications of American sanctions, which risk undermining the dollar's dominance of the global financial system by driving more countries to use alternatives to SWIFT.
尽管特朗普总统在周二重申了他对土耳其总统雷杰普·塔伊普·埃尔多安(Recep Tayyip Erdogan)的爱和尊重，但值得记住的是，普京总统就美国制裁的潜在影响发出了警告。这些制裁可能会推动更多国家使用 SWIFT 以外的货币，从而破坏美元在全。
For example,President Trump's sanctions against Iran prompted Washington's European Union allies to try and launch their own SWIFT alternative to make payments to Iran.
例如，特朗普总统对伊朗的制裁促使华盛顿的欧盟盟友尝试推出自己的 SWIFT 替代方案，向伊朗付款。
As Putin warned,American sanctions against Russia are a"colossal strategic mistake" and eventually risk undermining the dollar-based hegemony of the global financial system.