This article looks at practical approaches to ensuring continuity in Russia’s cross-border transactions in the context of sanctions and ongoing transformation of the global financial system. The analysis of contemporary economic and institutional shifts provides the basis for the concept of a decentralized multi-channel model of international payments. The model reflects financial fragmentation, diversification of payment methods, and reconfiguration of trade flows. The study particularly focuses on adaptive mechanisms such as parallel imports, alternative payment instruments, the enhancement of the national payment system, and the role of intermediary payment agents. The research reveals key elements contributing to ensuring continuity in cross-border transactions, including network-based interactions, infrastructural redundancy, and the multi-layered structure of payment chains. It also examines personal and economic risks arising within the decentralized multi-channel model and associated with their network position, public exposure, and dependence on intermediaries. The findings show that continuity in cross-border transactions is ensured by a complex combination of institutional, infrastructural, and adaptive mechanisms that enable due system operation under sanctions pressure.
Шангараев et al. (Thu,) studied this question.