I'm Carl Kintanilla. You're listening to CNBC's Tech Check. Our show is live weekdays at 11 a.m. Eastern. Listen in.

Good Monday morning and welcome to Tech Check. I'm Dear Trobeza with John Fort. Carl is off today. Global markets on the move as investors weigh the impact of increased sanctions, heightened volatility, and the

exclusion of Russia's biggest banks from Swift. From financials to crypto, we are breaking down

the impact. Plus, Russia and Ukraine's information war amid an influx of misinformation.

A look at how companies across the social space are dismantling Vladimir Putin's media machine.

And finally, a check on the chips.

Do not miss Qualcomm CEO Cristiano Amman later this hour,

talking global growth, supply chains,

and a whole lot more, John.

Yeah, and these stocks are mixed today.

Tech is the outperformer with the NASDAQ in the green,

yet again in what's already been a volatile response

over the day and the last 10 days.

Today, the market responding to increased sanctions in Western countries pledged to remove Russian

banks' access to SWIFT, which connects financial institutions around the world.

Leslie Picker has more on the sanctions and the possible financial fallout. Leslie.

Hey, good morning, John. The concern surrounding Swift is that sanctioning Russian banks from the messaging system will cause missed payments and giant overdrafts. That's because kicking any Russian banks off Swift is akin to those banks essentially disappearing overnight from the perspective of the

international banking community. However, Russia appears to be somewhat insulated from much of the global

system. Among the U.S. banks, only Citigroup has material exposure, according to a new note this morning,

by Goldman Sachs. City has about $5.5 billion worth of loans, unfunded commitments, investment securities,

and trading account assets as of the third quarter of 2021. J.P. Morgan in a note this morning

saying, quote, the impact will be limited at the global scale as the overseas exposure of

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