UDC 005.742: 005.72: 336.71
DOI: 10.36871/ek.up.p.r.2022.04.01.006

Authors

Gulnara R. Shageeva
Kazan Federal University, Kazan, Russia

Abstract

The article describes the real economic situation faced by the Russian Federation as a result of the special operation in Ukraine. The United States and the EU have imposed unprecedented sanctions that destroy the economic structure of the Russian state, as well as imposing restrictions in such areas and spheres as sports, education, science, health and culture.
The greatest emphasis is placed on what sanctions financial and credit institutions had to face. The principles of corporate governance in economic challenges and crisis situations for a more effective response to risks and problems are described. A well-structured policy against sanctions, the development of its own industry, as well as an effective corporate governance strategy will help not only preserve state sovereignty, but also strengthen the state, increase its competitiveness on the world stage.

Keywords

special operation, Ukraine, sanction, banking industry, corporate governance, economic crisis