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PROBLEMS OF DEVELOPMENT OF FX OPERATIONS OF RUSSIAN BANKS IN THE CONTEXT OF SANCTIONS PRESSURE

Vinogradov Andrey M.  (Financial university under the Government of the Russian Federation)

Zubkova Svetlana V.  (C.E.S. associate professor, Financial University under the Government of the Russian Federation)

The article analyzes the impact of sanctions on the possibility of conducting foreign exchange transactions by commercial banks, as well as changes in the Russian FX market in 2022. Based on the analysis, a conclusion was made about the possibilities of commercial banks in the foreign exchange market, the main vectors of its development. Solutions for the further development of the mechanism of international settlements and the foreign exchange market are proposed.

Keywords:banking system, foreign currency, FX operations, FX market, sanctions, sanctions pressure, restrictions, cryptocurrency, digital financial assets
 

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Citation link:
Vinogradov A. M., Zubkova S. V. PROBLEMS OF DEVELOPMENT OF FX OPERATIONS OF RUSSIAN BANKS IN THE CONTEXT OF SANCTIONS PRESSURE // Современная наука: актуальные проблемы теории и практики. Серия: ЭКОНОМИКА и ПРАВО. -2023. -№05. -С. 26-29 DOI 10.37882/2223-2974.2023.05.09
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