The US and EU want to kick out selected Russian banks from the SWIFT network

Russian banks may be disconnected from the SWIFT network. It seems from that Joint Report European Commission, France, Germany, Italy, Canada and the United States. Swift is the Society for Worldwide Interbank Financial Telecommunication. The organization was established in 1973 to send financial messages. About 200 countries are currently affiliated with this network. Many Russian […]

Impact of sanctions: KLM cancels flights, but also many questions from companies

Not only in aviation companies notice the consequences Penalties. Banks are also affected. Financial sanctions were announced, aimed at isolating Russian banks from the capital markets, and the provision of trading services in shares of Russian state-owned companies was prohibited on the periphery of the European Union. “For banks, this means: knowing exactly when there […]

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