The financial fallout – Russia triggers payment re-wiring through Ukraine invasion

Dr Carlos León

Since its invasion of Ukraine, Russia has been subjected to several types of sanctions, including the limitation of its financial capabilities. First, was its expulsion from the SWIFT messaging service – the most mediatic of them all. The others included transaction bans, asset freezing and restrictions on advice services for wealthy Russians. The intention behind all these sanctions is to increase the pressure on Russia, impact its ability to fund the war and weaken the political base in countries that support the conflict.