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ИД «Финансы и кредит»






National Interests: Priorities and Security

Corporate reporting: A balance between sanction threats and corporate PR

Vol. 19, Iss. 3, MARCH 2023

Received: 14 November 2022

Received in revised form: 24 December 2022

Accepted: 30 January 2023

Available online: 15 March 2023


JEL Classification: F21, G11, G34, M14

Pages: 467–484


Sergei B. ZAINULLIN Moscow University for Industry and Finance "Synergy" (Synergy University), Moscow, Russian Federation


Ol'ga A. ZAINULLINA Moscow University for Industry and Finance "Synergy" (Synergy University), Moscow, Russian Federation


Subject. This article discusses the change in approaches to the preparation of corporate reporting in the context of sanctions.
Objectives. The article aims to analyze changes in the information policy of Russian corporations.
Methods. For the study, we used a comparative analysis.
Results. Based on the analysis of the results of the anti-Russian sanctions, the article finds that they are forcing corporations to maintain a balance between the concealment of private information about shareholders and top managers and the need to conduct an information policy aimed at attracting investors.
Conclusions. Currently, the main efforts of the Russian corporate sector pursue the objective to protect shareholders and members of governance bodies from sanctions threats.

Keywords: corporate reporting, corporate PR, non-financial reporting, transparency, sanctions


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Vol. 19, Iss. 3
March 2023