ID | 189841 |
Title Proper | Russia’s Financial System under Sanctions: Logic of Confrontation |
Language | ENG |
Author | Dubinin, Sergey K. |
Summary / Abstract (Note) | 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 them is a strategic goal of the Russian government and the Central Bank. Both corporate and retail lending risks have increased. The situation requires a reorganization of the financial intermediaries in the bank loan and securities markets. |
`In' analytical Note | Russia in Global Affairs Vol. 20, No.4; Oct-Dec 2022: p.82-102 |
Journal Source | Russia in Global Affairs Vol: 20 No 4 |
Key Words | Financial Sanctions ; Financial Sustainability ; External Economic Sanctions ; The Banking Sector ; Systemic Risks ; Corporate Credit ; Retail Credit. |