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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

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