Fintech Insights - Russian Situation Creates Payments Chaos, Further Implications Unclear

The deteriorating situation in Ukraine has had a number of dramatic effects, including on the Russian economy, particularly in terms of the range of sanctions imposed by many countries across the world, including the US, UK and EU. Sanctions includes measures targeted against individuals, banks, the Central Bank of Russia, and the whole economic system. This is leading to a highly significant impact in the payments industry, one that we will be seeing the ramifications of for years.

Timescales: Disruption is ongoing.