Financial ecosystem development risks in Russia under sanctions

The article focuses on analyzing the risks associated with the creation and development of ecosystems in the banking and financial sectors of Russia. Special attention is given to macroeconomic and political risks, as well as the specificities of ecosystems within the context of the Russian economy. Key issues discussed include limitations on user choice, the impact of multimodal subscriptions, risks related to the regulation and separation of banking and non-banking activities, and the effects on service providers and developers. The dominance of large ecosystems, such as Yandex and Sber, their market influence, and user dependence on digital ecosystems are particularly emphasized. Additionally, regulatory and technological risks arising from international competition and the monopolization of certain sectors of the economy are discussed.