Russia’s Financial System under Sanctions: Logic of Confrontation
Journal: Russia in Global Affairs
Year: 2022

External economic sanctions have created serious challenges to the stability of Russia's financial system. After the first emergency anti-crisis measures, longer-term issues are coming to the fore. At this point, the main demand for financial services is generated by the corporate sector. However companies are seeing supply and value production chain disruptions. Uncertainty in the business climate is fraught with systemic risks for both the budget and the banking sectors of Russia. Overcoming t