The scale and level of coordination with which these measures were implemented were unprecedented. There can be no doubt that they have impacted Russia’s financial strength, overall, and its banking industry in particular. Estimates of the impact of sanctions on Russia’s GDP in 2022 range from a contraction of
Russian sanctions one year on: Disappointment in impact makes case for more action, not less
As the Ukraine invasion passes the one-year mark, governments and institutions around the world are taking stock of the impact of economic sanctions.