"Technically it might be difficult to pay," as platforms that typically facilitate transactions have closed access to Russia, as a result of the invasion of Ukraine.

Concrete steps taken today can help mitigate the impact the crisis will have on your organization. They can also lay the groundwork for long-term improvements in key treasury processes.

Several European countries, including the U.K., continue to push to exclude Russia from SWIFT.

One of the world's first CBDCs has been unavailable for more than a month.