Russian sanctions evasion

Owais Arshad
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Owais Arshad: Director, Global Economic Sanctions Advisory, Royal Bank of Canada, Canada

Journal of Financial Compliance, 2025, vol. 8, issue 3, 271-284

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

Keywords: sanctions; export controls; evasion; Russia; trade; BRICS; payments; proliferation; sovereignty; sanctions evasion (search for similar items in EconPapers)
JEL-codes: E5 G2 K2 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jfc000:y:2025:v:8:i:3:p:271-284

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