- PolicyPolicy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: - G10 MarketsG10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts - Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- CommoditiesCommodities
Real-time insight of oil & gas markets
- Data
- MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessKommersant: Most Significant New Sanctions May Be Technological
"Neither the authorities, nor businesses, nor experts interviewed by Kommersant have any doubts that Vladimir Putin's decision on Donbass will lead to a sharp sanctions response from the West against Russia," writes Russian business broadsheet Kommersant in an op-ed. "The only question is whether the consequences will be 'harsh' or 'catastrophic'. The latter term usually pops up with regard to technological sanctions, around which there is the least clarity."
- "As a Kommersant source in the payment market notes, if a ban is introduced on the processing of transactions of Russian banks by American ones, money would continue to flow through banks in Europe, Asia, and Africa."
- "Traditionally, among the important threats to the financial system is the disconnection from SWIFT. However, a Kommersant source in the payment market assures that even if SWIFT is blocked, cross-border flows will not be blocked: 'SWIFT is not a payment system, it is a system for transmitting messages that such and such a payment has been sent by such and such a bank to such and such bank. As a result, transactions may be slower, but not completely stopped.'"
- "The new and most acute topic of the current crisis has become the so-called technological sanctions - possible restrictions on the supply of electronics, components, and software to the Russian Federation. According to a Kommersant source in the government, the worst option is the introduction of two-stage sanctions. In this case, the supply of both products from US companies (for example, Nvidia and Intel) and equipment manufactured using American technologies will be prohibited. There is nothing to replace them, Kommersant's interlocutor admits, you just have to 'look for new import channels.'"
- Click here to see the full report.
To read the full story
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.