Since the twentieth century, economic sanctions have become widely employed in foreign policy and diplomacy. However, the imposition of sanctions against Russia since 2014 represents historical uniqueness in terms of its scale and duration: over 16000 economic sanctions have been imposed against Russia, whereas against Iran, which holds the second position, less than 4000 sanctions have been imposed, accounting for only 22% of the total number of sanctions imposed against the Russian Federation. Russia has accumulated significant experience in countering various types of sanctions in legal, physical, and financial sectors. Sanctions against the Russian financial system have been actively utilized recently, the experience of which demands detailed analysis and systematization because the stability of the banking sector influences the state’s ability to pursue its interests. Additionally, the search by Russian banks for new partners in the implementation of ESG transformation, a process that continues unabated despite sanction pressure and the conditions of international tension in the geopolitical arena, is of research interest. Russian banks continue this process because it is necessary to comply with international standards of financial stability and corporate governance. It allows them to enhance their attractiveness to investors and clients. Finally, it enables them to maintain competitiveness in the market by improving reputation and trust from clients and partners. It is reliably known about the strategic intentions to create unified ESG competence centers within the BRICS countries. A comprehensive analysis of tools to counter sanctions will help strengthen the strategy of developing the Russian banking system, including implementing ESG principles.