RE: USA/U.K./EU consider ejecting Russia from SWIFT international payments systems25 Feb 2022 09:58
Knowles - it doesn’t matter whether state owned or not - WHICH banks do they operate with in Russia and if Russia is indeed ejected from SWIFT international payment scheme by sanctions (which are being considered) then money can’t leave the country or enter it that way. EUA have to bank with someone in Russia surely to pay staff operations etc - what is the route to getting money from a U.K. company into Russia then? Where do EUA bank then? Relevant and important questions to be asked. It’s not just about dealing with state owned banks but all banking and the banking systems within Russia.
IMHO DYOR GLA