Social Sciences
7 years ago

Russian financial system faces crisis due to Western economic sanctions

Finance Theory and Practice
Economic Sanctions and Russia’s Financial System
И. Н. Молчанов

Paper Summary

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The article discusses how Russia's financial system is affected by economic sanctions and proposes ways to overcome these challenges. The researchers used a mix of methods to analyze the situation and found that financial institutions and organizations in Russia are not actively participating in financial activities, leading to a shortage of financial resources. To improve the financial system, they suggest focusing on innovation, investing in new technologies, and implementing a balanced financial policy.