How did Russian banks respond to sanctions?

#finance #research #sanctions
Interview with Steven Ongena, University of Zurich, during the The Effects of New Geopolitical Risks on Financial Markets and Firms on August 22-23 in Stockholm.
00:00 How did the targeted banks respond to the first announcements of sanctions against Russia?
02:17 How can policymakers use financial sanctions for diplomacy while minimizing harm to the economy and people?
03:27 How were the politically connected banks affected by the sanctions?
05:23 With the increasing use of technology and digital finance do you think that financial sanctions will take new forms?
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