HSE St Petersburg Faculty Delivered a Guest Lecture for IIM Kozhikode (India)

On 9 January 2026, Boris Lodiagin and Olga Alekseeva, lecturers of the Department of Finance at HSE University – Saint Petersburg, delivered an online guest lecture for undergraduate students in management and business at the Indian Institute of Management Kozhikode (IIMK, India). The session was held at the invitation of Vipin P. Veetil (Chair Assistant Professor of Economics) and was titled “History and Evolution of the Russian Financial System: From the Tsarist Period to Today’s Sanctions-Era Reality.”

Over the course of the two-hour lecture, students traced the evolution of Russia’s financial system from the Tsarist era to the present day, focusing on key institutional turning points, the logic behind the banking sector’s development, and the formation of market infrastructure. The speakers also discussed the current structure of the financial system, as well as how the COVID-19 shock and subsequent disruptions affected markets, economic behaviour, and policy responses, shaping the environment in which financial institutions and firms operate today.

The lecture was followed by an extended Q&A. Students asked practical questions about how businesses adapt to today’s conditions and what fintech innovations are emerging as especially relevant in the new reality.

Boris Lodiagin, lecturer of the Department of Finance

“We are grateful to IIM Kozhikode and to Professor Vipin P. Veetil for the invitation and the engaged discussion. It is important for us not only to present the historical trajectory, but also to connect it to the decisions firms and regulators face today”.

Olga Alekseeva, lecturer of the Department of Finance

“We were truly inspired by the students’ interest and would be happy to continue our cooperation through further guest lectures and joint academic initiatives”.