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Russian sanctions evasion

Author

Listed:
  • Arshad, Owais

    (Director, Global Economic Sanctions Advisory, Royal Bank of Canada, Canada)

Abstract

This paper explores the three main axes by which Russia has evaded Western sanctions: geopolitical realignment, de-dollarisation and export control circumvention. By analysing these evasive techniques, this paper provides recommendations for financial institutions on how to effectively address these risks. It argues that, while banks and financial intermediaries play a key role in detecting illicit activities, the complexity of the task requires a concerted effort involving regulatory bodies, national security agencies and improved information-sharing networks

Suggested Citation

  • Arshad, Owais, 2025. "Russian sanctions evasion," Journal of Financial Compliance, Henry Stewart Publications, vol. 8(3), pages 271-284, March.
    • Handle: RePEc:aza:jfc000:y:2025:v:8:i:3:p:271-284
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    More about this item

    Keywords

    sanctions; export controls; evasion; Russia; trade; BRICS; payments; proliferation; sovereignty; sanctions evasion;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • K2 - Law and Economics - - Regulation and Business Law

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