Lomakina Daria Alexandrovna
COVID-19 banks situation and loss estimation
ID number: J2020122
Abstract: This article gives a general picture of the international state of the banking sector and related parties after the outbreak of the coronavirus pandemic. The identification of risks and the impact of coronavirus on the Russian banking sector and international relations in the field of trade is complicated by the unusual situation and the atypical crisis. Three development scenarios were identified for the Russian banking sector after breaking out of isolation.The aim of this work is to analyze the current state of the banking sector and related sectors of the economy in the face of strong volatility in oil prices and the ever-increasing sanctions policy of the United States and European Union countries, as well as new policies applicable to the epidemiological situation in the world. The research methodology is based on a systematic approach to assessing the state of the banking sector of the Russian Federation.
Key-words: russian banking sector, risks, financial risks, coronavirus, GDP, banks
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