Here we discuss in brief the sanctions on the Central Bank of Russia post 2022 invasion of Ukraine. 1. The US, UK and EU and others have [imposed more than 16,500 sanctions on Russia](https://www.castellum.ai/russia-sanctions-dashboard) since Russia's invasion of Ukraine in February 2022 2. The Castellum.AI dashboard tracks consolidated Russia sanctions data. 3. Freezing central bank/reserve assets held abroad 1. The EU and other western nations froze the foreign-asset reserves of Central Bank of Russia (and certain state-controlled banks) held abroad. 2. The frozen reserves are worth $350bn which is about half its total reserves. 3. Russia cannot use its foreign-currency reserves (USD, EUR) stored overseas, and hence cannot tap them to stabilise rouble, finance imports, defend currency. 4. Also [70% of the assets of Russian banks](https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/) were also frozen according to the EU's [website](https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/) 1. The Russian bank’s Nostro accounts with US Banks were blocked, like VTB Bank, Sberbank, Bank of Russia 2. Transactions with the Russian central bank, other Russian banks, and certain state-owned financial entities were prohibited 3. Several Russian banks were cut off from the global messaging system SWIFT. 4. A ban was also imposed on use of Russian domestic payment systems (e.g. for energy trade) by third-country financial institutions. 5. Ban on Russian access to Western capital markets, debt/equity financing 1. New debt issuance, equity issuance by Russian state-owned entities was banned in US/EU/UK markets. 2. Russian firms / banks cannot raise capital or obtain financing from Western financial institutions or investors. # References 1. Council of the European Union. (n.d.). _Impact of sanctions on Russian economy_. Retrieved December 3, 2025. [Link]( [https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/](https://www.consilium.europa.eu/en/infographics/impact-sanctions-russian-economy/)) 2. BBC. (2022, January 31)._Explainer: How do Russia sanctions affect Europe and the West?_ [Link] [https://www.bbc.com/news/world-europe-60125659] 3. The Castellum.AI dashboard. (n.d.)._Consolidated Russia sanctions data_. Retrieved December 3, 2025. [Link](https://www.castellum.ai/russia-sanctions-dashboard)