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3 more Russian financial firms sanctioned by OFSI

UK regulators today sanctioned the following entities:

1. VEB.RF
Name (non-Latin script): ВЭБ.РФ
a.k.a: VNESHEKONOMBANK Address: Akademia Sakharova Prospekt, Moscow, Russia, 107996. Other Information: (UK Sanctions List Ref): RUS0253 (UK Statement of Reasons): VEB.RF is a state corporation established by the Russian Government to function as the national development bank and a state payment agent to a range of entities across sectors of strategic significance to the Government of Russia. VEB.RF is benefitting from and supporting the Government of Russia. VEB.RF is carrying on business as a Government of Russia-affiliated entity by receiving financial benefits from the Government of Russia. VEB.RF carries out activities in financial services in the Russian financial services sector, and is therefore carrying on business in a sector of strategic significance to the Government of Russia. (Phone number): +7 (495) 721-18-63 (Type of entity): (1) State Development Corporation (2) State Development Bank Listed on: 28/02/2022 UK Sanctions List Date Designated: 28/02/2022 Last Updated: 28/02/2022 Group ID: 14198

2. BANK OTKRITIE FINANCIAL CORPORATION PJSC
Name (non-Latin script): ПАО Банк Финансовая Корпорация Открытие
a.k.a: OTKRITIE Address: Street Letnikovskaya Stroenie 4, Building 2, Moscow, Russia, 115114 Other Information: (UK Sanctions List Ref): RUS0254 (UK Statement of Reasons): Bank Otkritie Financial Corporation PJSC (hereafter 'Otkritie') is the only bank of systematic importance that is owned by the Central Bank of Russia (CBR). Otkritie is the 8th largest bank in Russia with assets of approximately 3.2 trillion Rubles (3% of the total assets in the financial sector). It is supporting and obtaining a benefit from the Government of Russia. Otkritie is owned by the Central Bank of Russia, part of the Government of Russia. It is also carrying on business of economic significance to the Government of Russia. Furthermore, Otkritie is carrying on business in the Russian financial services sector which is a sector of strategic importance to the Government of Russia. (Phone number): +7 (495) 737-73-55 (Website): www.open.ru/en/ (Email address): otkritie@otkritie.ru (Type of entity): Public Joint-Stock Company Listed on: 28/02/2022 UK Sanctions List Date Designated: 28/02/2022 Last Updated: 28/02/2022 Group ID: 14199

3. PJSC SOVOCOMBANK
Name (non-Latin script): ПАО Сoвкoмбaнк
a.k.a: SOVKOMBANK Address: Tekstilschik Avenue, 46 Kostroma, Russia, 156000 Other Information: (UK Sanctions List Ref): RUS0255 (UK Statement of Reasons): PJSC SOVCOMBANK is a large and profitable private bank which obtains a benefit from the Russian Government, and/or supports the Russian Government. PJSC SOVCOMBANK has received financing from the Russian Direct Investment Fund and therefore carries on business as a Government of Russia-affiliated entity. It also carries on business of economic significance to the Government of Russia in view of PJSC SOVCOMBANK'S strategic role in the Russian economy. Furthermore, PJSC SOVCOMBANK carries on business in a sector of strategic significance to the Government of Russia as it operates in the Russian financial services sector. (Phone number): +7 (495) 988-00-00 (Website): www.SOVCOMBANK.ru (Type of entity): Public Joint-Stock Company Listed on: 28/02/2022 UK Sanctions List Date Designated: 28/02/2022 Last Updated: 28/02/2022 Group ID: 14200

under their Russia sanctions program.

Link:

OFSI Notice

Categories: OFSI Updates Russia sanctions Sanctions Lists

eric9to5

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