Foreign Banks in Russia: Strategic Adaptations and Challenges Amid International Sanctions

• Project/Area Number: 25K00186
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Review Section: Basic Section 07080:Business administration-related
• Research Institution: University of Niigata Prefecture
• Principal Investigator: Gorshkov Victor 新潟県立大学, 国際経済学部, 教授 (10742322)
• Project Period (FY): 2025-04-01 – 2029-03-31
• Project Status: Granted (Fiscal Year 2025)
• Budget Amount: ¥4,550,000 (Direct Cost: ¥3,500,000、Indirect Cost: ¥1,050,000); Fiscal Year 2028: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2027: ¥1,040,000 (Direct Cost: ¥800,000、Indirect Cost: ¥240,000); Fiscal Year 2026: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000); Fiscal Year 2025: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
• Keywords: Strategic adaptations / Foreign market entry / Russia / Internationalisation / International sanctions

Outline of Research at the Start

There is a notable lack of studies examining the influence of geopolitical factors, such as the impact of international sanctions on foreign banks. This study aims to fill this gap by quantitatively and qualitatively investigating the impacts of such factors on banks with foreign capital participation operating in Russia. In particular, we aim to investigate market exits and strategic adaptations of banks with foreign capital participation. This research will help develop novel international business theories of market adaptations of banks with foreign capital participation.