Top

Published in:

2024 | OriginalPaper | Chapter

10. The Role of the Financial System in the Process of Imposing Sanctions on the Russian Energy Sector

Authors : Zbigniew Korzeb, Paweł Niedziółka

Published in: Fossil Fuels in the European Union

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

International sanctions are one of the most commonly used instruments of influence against countries, organisations, legal or natural persons whose activities violate the principles and norms of international law, including international human rights law, and pose a threat to global or regional peace and security.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 390 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Maschinenbau + Werkstoffe

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

previous chapter Potential Directions for Changes in the EU’s Climate Policy

next chapter Credit and Investment Policies of Banks Towards the Fossil Fuel Sector as Part of the EU's New Energy Governance

Alexander K (2009) Economic sanctions. Law and Public Policy, Palgrave MacmillanCrossRef

Askari HG, Forrer J, Teegen H, Yang J (2003) Economic sanctions. Praeger, Examining their Philosophy and Efficacy

CFR—Council on Foreign Relations (2023) How frozen Russian assets could pay for rebuilding in Ukraine. Retrieved August 21, 2023, from https://www.cfr.org/in-brief/how-frozen-russian-assets-could-pay-rebuilding-ukraine

Dubois M (2023) EU discusses plan to send profits from €196.6bn of frozen Russian assets to Ukraine. Financial Times. Retrieved August 21, 2023, from https://www.ft.com/content/68af1b50-2088-4128-a2fd-f35cde914eaf

EC—European Commission (2022) Report from the Commission to the European Parliament and the council on the assessment of the risk of money laundering and terrorist financing affecting the internal market and relating to cross-border activities. Retrieved August 23, 2023, from https://ec.europa.eu/transparency/documents-register/api/files/COM(2022)554_0/090166e5f3104537?rendition=false

EG—Экoнoмичecкaя Гaзeтa (2023) Бaнкoвcкий ceктop пoкaзaл в 2022 гoдy peкopднyю пpибыль. Retrieved August 21, 2023, from https://neg.by/novosti/otkrytj/rejting-belorusskih-bankov-po-itogam-2022-goda/

European Council (2023a) How and when the EU adopts sanctions. Retrieved August 9, 2023, from https://www.consilium.europa.eu/en/policies/sanctions/

European Council (2023b) Timeline—EU restrictive measures against Russia over Ukraine. Retrieved August 14, 2023, from https://www.consilium.europa.eu/en/policies/sanctions/restrictive-measures-against-russia-over-ukraine/history-restrictive-measures-against-russia-over-ukraine/

European Council (2023c) EU restrictive measures against Belarus. Retrieved August 14, 2023, from https://www.consilium.europa.eu/pl/policies/sanctions/restrictive-measures-against-belarus/

European Council (2023d) EU sanctions against Russia explained. Retrieved August 21, 2023, from https://www.consilium.europa.eu/en/policies/sanctions/restrictive-measures-against-russia-over-ukraine/sanctions-against-russia-explained/#banking

Fleming S, Arnold M, Stafford P (2023) ECB warns Brussels against windfall levy on frozen Russian assets. Financial Times. Retrieved August 21, 2023, from https://www.ft.com/content/4e6499e0-33db-423a-a74b-528118792d22

Interfax (2023) Бeлopyccкиe гocбaнки пepecтaли пyбликoвaть гoдoвyю финoтчeтнocть. Retrieved August 21, 2023, from https://www.interfax.ru/world/898672

James H (2001) The Deutsche Bank and the Nazi Economic war against the Jews: The expropriation of Jewish-owned property. Cambridge University Press

Jones S (2023) Raiffeisen bank boosts pay for Russian staff by €200mn. Financial Times. Retrieved August 23, 2023, from https://www.ft.com/content/2bd54bc4-f3ed-4ed0-912e-a154231632e8

Jones S, Walker O, Stognei A (2023) How Austria’s Raiffeisen got stuck in Russia—while making record profits. Financial Times. Retrieved August 23, 2023, from https://www.ft.com/content/1cea1f08-83ac-4471-9fa4-1cdfcc86fcb0

Khudaykulova M, Yuanqiong H, Khudaykulov A (2022) Economic consequences and implications of the Ukraine-Russia war. Int J Manage Sci Bus Administration 8(4):44–52. https://doi.org/10.18775/ijmsba.1849-5664-5419.2014.84.1005

O'Donnell J, Schwarz-Goerlich A (2023) ECB pressures Austria’s Raiffeisen bank to quit Russia. Reuters. Retrieved August 23, 2023, from https://www.reuters.com/markets/europe/ecb-pressures-austrias-raiffeisen-bank-quit-russia-sources-2023-03-23/

O'Donnell J, Canepa F, Schwarz-Goerlich A (2023) Exclusive: U.S. sanctions authority probes Raiffeisen on Russia. Reuters. Retrieved August 23, 2023, from https://www.reuters.com/business/us-sanctions-authority-asks-raiffeisen-about-business-related-russia-2023-02-17/

PISM—The Polish Institute of International Affairs (2022) EU Financial Sanctions on Russia's Banking Sector. Retrieved August 23, 2023, from https://www.pism.pl/publications/eu-financial-sanctions-on-russias-banking-sector

Sedrakyan GS (2022) Ukraine war-induced sanctions against Russia: consequences on transition economies. J Policy Modeling. https://doi.org/10.1016/j.jpolmod.2022.08.003CrossRef

Tank A (2022) Economic impact of Russia—Ukraine war. Int J Innov Res Sci, Eng Technol 11(4):3345–3348. https://doi.org/10.15680/IJIRSET.2022.1104025

TASS—Russian News Agency (2023) Raiffeisenbank net profit in Russia rises 4.4-fold to 2.05 bln euro in 2022. Retrieved August 23, 2023, from https://tass.com/economy/1569889

Title: The Role of the Financial System in the Process of Imposing Sanctions on the Russian Energy Sector
Authors: Zbigniew Korzeb
Paweł Niedziółka
Publisher: Springer International Publishing
Book: Fossil Fuels in the European Union
Print ISBN: 978-3-031-56789-6

Electronic ISBN: 978-3-031-56790-2

Copyright Year: 2024
DOI: https://doi.org/10.1007/978-3-031-56790-2_10

Springer Professional

Abstract

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Technik"

Springer Professional "Wirtschaft"