It is important for the Eurasian Union to speed up the dialogue on the transition from the SWIFT system to its own solutions, Russian President Vladimir Putin said on Thursday, RIA Novosti reports.

"We consider it important to speed up the dialogue on the topic of our own international financial and settlement mechanisms, including the transition from the SWIFT system to direct correspondent contacts between banks of friendly countries, including through the financial messaging system of the Central Bank of Russia," Putin said at the online plenary session of the Eurasian economic forum.