Restrictiosn on cross-border capital flows in the context of foreign sanctions and Russia’s retaliation

The article deals with foreign sanctions and retaliation measures imposed by Russia in connection with the Special military operation in Ukraine. The subject of the study is reciprocal measures to restrict the movement of capital. It is emphasized that of the sanctions already imposed by "unfriendly" countries, the most painful was the freezing of the assets of the Bank of Russia. The retaliation measures of the Russian Government and the Bank and their adjustment as the economy adapts are analyzed. It is noted that strategically, the most negative consequences are supposed to be the curtailment of foreign direct investment and the possible withdrawal of foreign business from the Russian Federation.

Keywords

sanctions, foreign investment, capital restrictions

Publication date

30.08.2022

Number of characters

22822

Cite

GOST	Kvashnina I. Restrictiosn on cross-border capital flows in the context of foreign sanctions and Russia’s retaliation // Obshchestvo i ekonomika – 2022. – Issue 7 C. 52-62 [Electronic resource]. URL: https://oie.jes.su/S020736760021096-4-1 (circulation date: 28.04.2024). DOI: 10.31857/S020736760021096-4
MLA	Kvashnina, I. "Restrictiosn on cross-border capital flows in the context of foreign sanctions and Russia’s retaliation." Obshchestvo i ekonomika 7 (2022):52-62. DOI: 10.31857/S020736760021096-4
APA	Kvashnina I. (2022). Restrictiosn on cross-border capital flows in the context of foreign sanctions and Russia’s retaliation. Obshchestvo i ekonomika (7), pp.52-62 DOI: 10.31857/S020736760021096-4

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