in the uk because companies in the uk who thought they were going to be exporting, i don t know, whisky to russia next week will suddenly find that their bank will no longer process that payment. so i don t think we ve yet really thought through the consequences of what this means for uk industry. the uk, france and others have also called for russia to be excluded from the swift system, a network of 11,000 financial firms in 200 countries that facilitate international payments. it is considered among the most damaging sanction that could be imposed, but again it is not without cost to others. slap bang opposite the bank of england is this building, home to vtb, russia s second biggest bank. pulling firms like this out of swift will be disruptive for russia for sure, but it also comes at a heavy cost to those companies and countries owed money either now or in financial contracts by russian companies. it is particularly true of germany which has a deep financial relationship with russi