Tuesday
While SWIFT sanctions mean companies can’t use the messaging system to do business with the Russian entities affected, they can still do business with them, Dimon said. In fact it’s as simple as sending an email with payment instructions, because what SWIFT really is, is a messaging remnant from a bygone era, before emails, even before the fax machine.
CEO of JP Morgan – Jamie Dimon
In a further escalation, the White House has warned that serious consideration is being given to an export ban on record players to Russia.