Coping with Technology Sanctions in The Russian Financial Sector

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In The Media

Carnegie Russia Eurasia Center

Coping with Technology Sanctions in The Russian Financial Sector

The Russian financial sector has taken a double hit from sanctions – both in infrastructure and in technology. The financial sector was able to withstand the first shock. However, the most recent restrictions on access to advanced technologies, especially from the US and the EU, will lead to import substitution based on technologies of yesterday.

By Alexandra Prokopenko

Published on May 30, 2023

German Council on Foreign Relations

About the Author

Alexandra Prokopenko

Fellow, Carnegie Russia Eurasia Center

Alexandra Prokopenko is a fellow at the Carnegie Russia Eurasia Center.

Recent Work

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Russia

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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Coping with Technology Sanctions in The Russian Financial Sector