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REQUIRED IMAGE

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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.

Link Copied
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

  • Paper
    Loyal but Powerless: The Downgrading of Russia’s Elite

      Alexandra Prokopenko

  • Book
    From Sovereigns to Servants. How the War Against Ukraine Reshaped Russia’s Elite

      Alexandra Prokopenko

Alexandra Prokopenko
Fellow, Carnegie Russia Eurasia Center
Alexandra Prokopenko
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.

More Work from Carnegie Russia Eurasia Center

  • Paper
    Loyal but Powerless: The Downgrading of Russia’s Elite

    The ruling elites in contemporary Russia are not a political class, but a community of managers who are not subject to competition or public accountability. The state is becoming an operating apparatus without any internal autonomy.

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  • Book
    From Sovereigns to Servants. How the War Against Ukraine Reshaped Russia’s Elite

    How did Putin co-opt Russia’s political and economic elites, ensuring no more than fitful resistance to the regime’s war on Ukraine?

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    For all the menacing rhetoric, the Armenian prime minister remains a leader with whom Putin is prepared to interact: not as an ally, but as a partner, albeit a problematic one.

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      Alexander Atasuntsev

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    The issue is not that the president only has selective information at his disposal, but that the decision-making process consists of one person with an unshakeable vision of how the world works.

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    A much-discussed disagreement over internet restrictions in Russia was never an existential threat for Putin: It was about elite groups protecting their interests.  

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