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JOURNAL OF REGIONAL AND INTERNATIONAL COMPETITIVENESS
Journals / JOURNAL OF REGIONAL AND INTERNATIONAL COMPETITIVENESS / Volume 5 Issue 4 / Realization of foreign exchange risk in Russia as a result of sanctions’ impact
VAK Russia
5.2.4 5.2.5

REALIZATION OF FOREIGN EXCHANGE RISK IN RUSSIA AS A RESULT OF SANCTIONS’ IMPACT Realization of foreign exchange risk in Russia as a result of sanctions’ impact

Published in JOURNAL OF REGIONAL AND INTERNATIONAL COMPETITIVENESS · Pages 33–38 · Rubric: NATIONAL COMPETITIVENESS
DOI: https://doi.org/10.52957/2782-1927-2024-5-4-33-38
Received: 10.12.2024 Accepted: 18.12.2024 Published: 24.02.2025 Language of publication: ENG
Authors
IG
Igor Legky
ORCID
AL
Aleksey Kuznecov
ORCID
ABSTRACT
The article is focused on the analysis of realization of foreign exchange risk in Russia due to the imposing of sanctions of 2022. The economic sanctions of 2022 have had a big impact on Russian economy in its entirety, and FX risk presents one of the biggest threats in case of its realization without proper countermeasures as it affects both international trade and capital value, primarily in the form of savings. This fundamental nature of this risk makes it crucial to understand its main points of effect and how to mitigate its negative impact, especially due to its wide spread across all sectors of the economy. Thus, the goal of our research is to analyze how FX risk has impacted Russian economy since February of 2022 and how efficient were the measures taken by the government to fight it. The objectives of this research are to: define the category of FX risk and where it comes from; analyze what impact has sanctions played in the realization of FX risk; analyze what measures have been taken to minimize the consequences of FX risk realization. To carry out the research, statistical data of the Central Bank of the Russian Federation were used. The authors draw attention to the fact that, despite the positive dynamics in short term, long term is uncertain and presents certain risks, amongst which is the currently decreasing value of Russian ruble to US dollar.
KEYWORDS
foreign exchange risk; exchange rate; currency; sanctions; risk management
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