Chemical oxidation of a TTF-based NiII complex with I2 produces the corresponding radical cation salt 1, [Ni2Cl2(L)2](I3)2(I5)2(I2)(H2O)2(C4H8O)3, (L=4,5-bis(2-pyridylmethylsulfanyl)-4',5'-ethylenedithiotetrathiafulvalene). The results of magnetic susceptibility measurements show the occurrence of intramolecular magnetic exchange interactions in 1. The lack of close S···S contacts, confirmed by crystal structure analysis, results in an insulating behavio