LIABILITY OF CREDIT INSTITUTIONS IN THE CONTEXT OF BLOCKING SANCTIONS: LEGAL ASPECTS AND JUDICIAL PRACTICE | Zenodo Skip to main Communities My dashboard Log in Sign up Legal Bulletin Published May 4, 2026 | Version v1 Journal article Open LIABILITY OF CREDIT INSTITUTIONS IN THE CONTEXT OF BLOCKING SANCTIONS: LEGAL ASPECTS AND JUDICIAL PRACTICE Authors/Creators KOSTIKOVA, GALINA V 1 Show affiliations 1.
Lebedev Russian State University of Justice Description The relevance of this study is due to the increased control by European and American correspondent banks over monetary transactions from the Russian Federation, which often leads to the blocking of funds coming from Russia by placing them in special accounts. In this regard, it is interesting to analyze the emerging case law in this area. The purpose of this article is to study financial blocking sanctions and their impact on the fulfillment of settlement obligations, in particular, the problem of determining the credit institution responsible for the non-receipt of funds in the creditor’s account. The problems under consideration: the article examines issues related to liability for improper execution of international banking transactions in business activities. The choice of methodology was determined by the objectives of the work and included two complementary components. First, these are general scientific methods that ensure the reliability of the cognitive process at all its stages. Second, the study used special methodological tools—specific scientific methods that allowed for an in-depth study of specific aspects of the problem under investigation. Conclusions: The issue of liability for blocking funds under sanctions is evolving from the identification of the responsible entity to a complex process of risk allocation based on an assessment of good faith, prudence, and prior interaction between the parties. In matters of holding banks liable under economic restrictions, it is reasonable to conclude that sanctions do not constitute grounds for exemption from liability for failure to fulfill a settlement obligation. A specific case of exemption from liability may be recognized as the established procedure for conducting foreign exchange transactions in accordance with international banking practice Files 60-72.pdf Files (316.0 kB) Name Size Download all 60-72.pdf md5:01d70786175698e3c0b7cd5032e369be 316.0 kB Preview Download 37 Views 88 Downloads Show more details All versions This version Views Total views 37 37 Downloads Total downloads 88 88 Data volume Total data volume 28.4 MB 28.4 MB More info on how stats are collected.... Versions External resources Indexed in OpenAIRE Communities Keywords and subjects Keywords cross-border transactions settlement obligations international banking practice credit organizations routine force majeure Details DOI DOI Badge DOI 10.5281/zenodo.20019084 Markdown [](https://doi.org/10.5281/zenodo.20019084) reStructuredText .. image:: https://zenodo.org/badge/DOI/10.5281/zenodo.20019084.svg :target: https://doi.org/10.5281/zenodo.20019084 HTML <a href="https://doi.org/10.5281/zenodo.20019084"><img src="https://zenodo.org/badge/DOI/10.5281/zenodo.20019084.svg" alt="DOI"></a> Image URL https://zenodo.org/badge/DOI/10.5281/zenodo.20019084.svg Target URL https://doi.org/10.5281/zenodo.20019084 Resource type Journal article Publisher LLC «MIAS Expert» Published in Legal Bulletin, 11(1), 60-72, ISSN: 2658-5448, 2026. Rights License Creative Commons Attribution 4.0 International The Creative Commons Attribution license allows re-distribution and re-use of a licensed work on the condition that the creator is appropriately credited. Read more Citation Export Technical metadata Created May 4, 2026 Modified May 4, 2026 Jump up About About Policies Infrastructure Principles Projects Roadmap Contact Blog Blog Support Help FAQ Developers REST API OAI-PMH Contribute GitHub Donate Funded by Powered by CERN Data Centre & InvenioRDM Status Privacy policy Cookie policy Terms of Use This site uses cookies. Find out more on how we use cookies Accept all cookies Accept only essential cookies