Containers on Russian railway network

These Russian banks are excluded from SWIFT

Image: Russian Railways

The EU has extended sanctions on Russian banks. Since 2 March, it has excluded seven Russian banks from the SWIFT system. “This practically means that these banks will barely have access to international markets”, explains Sebastiaan Bennink, sanctions lawyer at BenninkAmar. How does this impact the rail freight business?

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Author: Nikos Papatolios

Nikos Papatolios is the Editorial Coordinator of RailFreight.com, the online magazine for rail freight professionals.

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These Russian banks are excluded from SWIFT | RailFreight.com
Containers on Russian railway network

These Russian banks are excluded from SWIFT

Image: Russian Railways

The EU has extended sanctions on Russian banks. Since 2 March, it has excluded seven Russian banks from the SWIFT system. “This practically means that these banks will barely have access to international markets”, explains Sebastiaan Bennink, sanctions lawyer at BenninkAmar. How does this impact the rail freight business?

Do you want to read the full article?

Are you already a member?

Log in

Having problems logging in? Call +31(0)10 280 1000 or send an email to customerdesk@promedia.nl.

 

Author: Nikos Papatolios

Nikos Papatolios is the Editorial Coordinator of RailFreight.com, the online magazine for rail freight professionals.

Add your comment

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