The impact of financial risks on the financial stability of commercial enterprises in a sanctions economy

Subject. This article analyzes the financial risks of destabilizing the financial stability of commercial enterprises in the context of a sanctions economy. Objectives. The article aims to justify the impact of financial risks on financial stability in a sanctions-driven economy. Methods. For the study, I used analysis and synthesis, deduction and induction. Results. The article presents the author-developed classification of the impact of financial risks on the financial sustainability of commercial enterprises, describes the relationship between financial risks and the financial sustainability of commercial enterprises, and justifies an original methodology for diagnosing the type of financial sustainability, as well as a methodology for determining financial losses at enterprises, which were tested on the materials of twenty four small and medium-sized enterprises in the production of mineral fertilizers and nitrogen compounds. Based on this, a matrix of the influence of financial risks on the financial stability of enterprises is constructed. Relevance. The proposed matrix helps identify enterprises that have risks of destabilizing financial stability. The method for determining the magnitude, causes, and composition of financial losses will help formulate directions for stabilizing financial sustainability and assess the effectiveness of the implemented solutions.