INTERNATIONAL FINANCIAL SANCTIONS: HISTORY, RATIO AND THE SBERBANK STUDY CASE

Abstract

International financial sanctions are a crucial aspect of contemporary diplomacy, evolving from ancient trade embargoes to modern coercive measures. These sanctions, driven by diverse rationales, aim to influence targeted entities' behavior. The Sberbank study case exemplifies the intricate dynamics of such sanctions. Sberbank, Russia's largest state-owned bank, faced severe constraints due to sanctions imposed by the US and EU in response to geopolitical tensions. This case underscores the interconnectedness of global financial systems and the profound ramifications of targeted sanctions on both intended and unintended targets.