Financial strategies of Russian corporations under the conditions of sanctions (on the example of JSC «Gazprombank»)

Abstract

Since February 2022, anti–Russian sanctions have been significantly tightened, with certain sectors of the Russian economy experiencing the most severe effect. The sectors most exposed to the new sanctions include the Russian banking sphere. Gazprombank occupies a special place here, remaining the only possible channel for paying for Russian energy resources. This, however, did not cancel the fact that in the second half of 2024, blocking sanctions were imposed on this bank by the United States. This puts the bank’s future in greater uncertainty, which makes it relevant to study its financial strategies to overcome the risks and threats that have arisen. Based on the analysis of expert sources and system–analytical methods, it is concluded that Gazprombank adapted its financial and economic strategy in advance to potential negative scenarios, due to which the new sanctions did not critically affect its work.