For global enterprises, such as energy services firms with business in Russia, this could prove to be an enormously challenging issue. If you are currently moving funds through the SWIFT messaging system into or out of a Russian bank, now is the time to review those banking relationships and insure there is a contingency plan in place.

Some items to consider:
- How well capitalized is your Russian bank and can it sustain liquidity challenges with severely curtailed access to the foreign banking system?
- If you are currently sending or receiving files via SWIFT, does your bank offer a direct connection option?
- If your local Russian expenses are largely labor related, can you pay salaries and employee expenses by funding debit cards issued by your non-Russian cash management bank?

If the EU follows through with a SWIFT ban, the Russians could respond with economic sanctions of their own, providing even more urgency to review Russian bank relationships now.

Ari Morris
Founding Partner
Global Treasury Partners
www.globaltreasurypartners.com

Chaque jour (5j/7) lisez gratuitement :

Le quotidien Finyear :
- Finyear Quotidien

La newsletter quotidienne :
- Finyear Newsletter
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises de la finance d’entreprise et de la finance d'affaires.

Chaque mois lisez gratuitement :

Le magazine digital :
- Finyear Magazine

Les 6 lettres digitales :
- Le Directeur Financier
- Le Trésorier
- Le Credit Manager
- Le Capital Investisseur
- GRC Manager
- Le Contrôleur de Gestion (PROJET 2014)

Un seul formulaire d'abonnement pour recevoir un avis de publication pour une ou plusieurs lettres