The Russian market of international money transfers and payment systems in March-April 2022

Abstract

The defi ning trend in the development of the global economy of the XXI century has become an increase in the intensity of money transfers. Today, international transfers are one of the dynamically developing segments of the fi nancial market, which determines the key trends in cooperation between countries. In about 30 countries of the world in 2014, transfers of citizens abroad (both in developed and developing countries) amounted to more than 10 % of gross domestic product (GDP) or were approaching this threshold. The subject of the author’s scientific interest was the mechanism of international money transfers from Russia abroad in the conditions of sanctions restrictions in 2022. Using the methods of observation and evaluation of expert opinions, the author analyzed the ways of money transfers by Russian banks and electronic payment systems. The material can be useful to fi nanciers, bankers, users who send transfers from and to Russia to relatives, employees, contractors. The author recognizes the need to promptly search for legal ways to implement international transfers for Russian users.