Russian Sanctions and the Banking Sector
研究了2014年克里米亚事件后西方对俄银行的制裁效果，发现制裁未能阻止俄银行创纪录盈利，也未阻止2022年俄乌冲突爆发，反而导致外资撤离和俄银行国际扩张终结。
Abstract Western allies have imposed restrictive measures on Russian banks and threatened harsher sanctions on the finance sector since the annexation of Crimea in 2014. However, this did not impede sanctioned banks reporting record profits, nor deter Russia from invading Ukraine on 24 February 2022. Although the sanctions’ full effectiveness remains in question, the impact of Russia's invasion of Ukraine has not only caused a retreat of foreign banks from mainland Russia, but also ended the international ambitions of the largest Russian banks in Europe and beyond.