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A natural field experiment on the effectiveness of economic sanctions before and after the Russian invasion of Ukraine

Nature · By Michael G. Findley ·

The Brief

  • A field experiment by Findley et al. examined the effect of financial sanctions on Russian officials on access to banking and corporate services.
  • Per the source, sanctions had little effect on access to banking and corporate services before the 2022 invasion of Ukraine.
  • The study was published in Nature Human Behaviour on 9 November 2026.

Why it matters

The study uses a natural field experiment to measure how sanctions affect access to financial services, giving researchers evidence on sanctions effectiveness before and after the 2022 invasion.

Who’s affected

  • researchers in political economy and sanctions policy
  • financial-sector compliance professionals
  • #sanctions
  • #field experiment
  • #banking
  • #russia
  • #economic policy

Nature Human Behaviour, Published online: 09 November 2026; doi:10.1038/s41562-026-02591-5 A field experiment by Findley et al. finds that financial sanctions on Russian officials had little effect on access to banking and corporate services before the 2022 invasion of Ukraine…

Timeline

  1. Study published online in Nature Human Behaviour

  2. nature.com

    A natural field experiment on the effectiveness of economic sanctions before and after the Russian invasion of Ukraine

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    A natural field experiment on the effectiveness of economic sanctions before and after the Russian invasion of Ukraine – The Morning Science