The impact of the exclusion of Russian banks from the SWIFT system on payment processes

Dr Carole Nakhle, CEO of Crystol Energy, is quoted in this S&P Global Platts article on the potential disruptions to supplies of Russian oil and other commodities the exclusion of Russian banks from the SWIFT financial system is likely to have. 

According to Dr Nakhle, including SWIFT in the sanctions will make life more difficult – not impossible though – for those doing business with Russia. Transaction costs will be much higher and the process itself is complicated, but large commercial companies can find a way around it.

Read the full article

Related Analysis

No endgame for Ukraine“, Christof Rühl, Feb 2022

Related Comments

Russia’s invasion of Ukraine: The impact of sanctions“, Dr Carole Nakhle, Feb 2022

Global Economy and Energy Markets Weekly Commentary – 27th Feb ’22“, Christof Rühl, Feb 2022

Ukraine and Oil“, Dr Carole Nakhle, Feb 2022

Can Russia withstand another wave of sanctions?“, Dr Carole Nakhle, Feb 2022

Russian-Ukrainian crisis and energy markets“, Dr Carole Nakhle, Feb 2022

EU Energy Policy amidst the Current Gas Crisis“, Dr Carole Nakhle, Feb 2022

Did Russia deliberately cause the gas crisis in Europe?“, Dr Carole Nakhle, Jan 2022

Share this:

Recent Posts