Possible effects for you

Impact on payment transactions:

Due to the continuously changing political circumstances in the Ukraine conflict and the accompanying Western sanctions decisions, the impact on payment transactions is constantly changing and therefore cannot be predicted with certainty. What is certain, however, is that the measures may have a significant impact on payment transactions.

What does the exclusion of Russian financial institutions from the international payment system SWIFT mean?

The SWIFT exclusion, which was jointly decided by the EU and other countries, currently only affects Russian financial institutions that have already been sanctioned. The aim of this measure is to cut off the sanctioned institutions from international financial flows.


Disclaimer

On this website, we provide information on a rapidly and very dynamically changing situation. The information may not be conclusive and up-to-date, as new measures are always announced at short notice. The information does not constitute an offer or a solicitation of an offer, but is intended solely as a guide and presentation of possible business activities. It does not claim to be complete and is not binding. The opinions expressed are subject to change without notice. Furthermore, this information does not constitute advice or a recommendation, in particular no investment, legal or tax advice. Any use beyond the use by the addressee is not permitted without our consent. This applies in particular to reproduction, translation, microfilming, storage and processing in electronic media and other publication of the entire content or parts thereof.

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