On February 26, 2020, Financial Research Institute of the Ministry of Finance of the Russian Federation (FRI) held a round table discussion on sanctions against Russia: risk structure and countermeasures. Russian International Affairs Council (RIAC) was the event partner. The round table was also attended by the representatives of the Ministry of Finance, the Ministry of Economic Development and the Ministry of Foreign Affairs, MGIMO Institute for International Studies, HSE Center for Comprehensive European and International Studies, Financial University under the Government of the Russian Federation, etc.
On February 26, 2020, Financial Research Institute of the Ministry of Finance of the Russian Federation (FRI) held a round table discussion on sanctions against Russia: risk structure and countermeasures. Russian International Affairs Council (RIAC) was the event partner. The round table was also attended by the representatives of the Ministry of Finance, the Ministry of Economic Development and the Ministry of Foreign Affairs, MGIMO Institute for International Studies, HSE Center for Comprehensive European and International Studies, Financial University under the Government of the Russian Federation, etc.
As part of the round table, Ivan Timofeev, RIAC Director of Programs, made a presentation of the report on sanctions against Russia: approaches to analysis and risk structure for the economy, in which he touched upon the problems of risk assessment and the impact of sanctions on Russia's economy. Then Yury Kuznetsov, Leading Researcher at FRI Center for Financial Policy, presented a report on financial transfer mechanism of sanctions and the possibilities to counter it, which outlined the existing mechanisms for the transfer of the sanction effect on the international financial system, as well as the possibility of creating alternative payment systems, which, in addition to more effective international settlements, allow avoiding unilateral restrictive measures of individual countries.
During the discussion, the participants also addressed the issues of evaluating the effectiveness of measures to counter the negative consequences of the US and EU sanctions that are already being implemented in Russia, as well as the impact of the sanctions policy against Russia on the development of the Eurasian Economic Union (EAEU).
