Sanctions on Russia: Implications for Emerging Markets
Channel: HKUST Institute for Emerging Market Studies (IEMS)
Date: 2022-09-02

The US government and its allies have responded to Russia’s attack on Ukraine with far-reaching financial sanctions, including freezing of assets and banning Russian banks from SWIFT.   China’s absence from the sanctions may have important implications. 

To what extent would Russian entities be able to circumvent the sanctions through China, for instance a Chinese version of SWIFT? Would the sanctions give a boost to the RMB as a reserve currency? More broadly, what longer term impacts would the sanctions have on global financial order as well as on near-term growth and inflation prospects, particularly in emerging markets? 

In this webinar, Alicia Garcia Herrero, Edwin Lai, David Skilling and Alminas Žaldokas explore the above issues.  

This webinar is jointly organized with Institute for Public Policy, HKUST.   

To join us on Zoom, register now via the event webpage https://iems.ust.hk/events/talk/2022/sanctions-on-russia-implications-for-emerging-markets