Financial sanctions, Russia

The Office of Financial Sanctions Implementation (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities involved in or supportive of Russia’s action to destabilize Ukraine and threatening the sovereignty and independence of the country pursuant to Statutory Instrument SI 2019/855, the „Russia (Sanctions) (EU Exit) Regulations 2019“. Specifically, the OFSI informs that it has updated its sanction list by amending the records of one individual and 26 entities on the list and adding one company to the list.
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#### The individual and entities whose records have been amended are as follows:
###### Individual
1. TREGUB, Sergei Sergeevich Group ID: 16275.
###### Entities
1. ALFA-BANK JSC Group ID: 16275.
2. BANK OTKRITIE FINANCIAL CORPORATION PJSC Group ID: 14199.
3. BANK ROSSIYA Group ID: 14177.
4. BANK ST PETERSBURG PJSC Group ID: 15769.
5. BANK URALSIB PJSC Group ID: 15770.
6. BANK ZENIT PJSC Group ID: 15772.
7. BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION Group ID: 14178.
8. CREDIT BANK OF MOSCOW Group ID: 15077.
9. DOM.RF Group ID: 15915.
10. GAZPROMBANK Group ID: 15015.
11. IS BANK Group ID: 14180.
12. JOINT STOCK COMPANY MOSCOW INDUSTRIAL BANK Group ID: 15429.
13. JOINT STOCK COMPANY GENBANK Group ID: 14179.
14. PJSC JSCB METALLINVESTBANK Group ID: 15919.
15. PJSC SOVCOMBANK Group ID: 14200.
16. PUBLIC JOINT STOCK COMPANY PROMSVYAZBANK Group ID: 14184.
17. RUSSIAN REGIONAL DEVELOPMENT BANK Group ID: 15918.
18. LLC COMMERCIAL BANK – INTERNATIONAL SETTLEMENTS BANK Group ID: 15522.
19. MTS BANK PUBLIC JOINT-STOCK COMPANY (PJSC) Group ID: 15771.
20. ROSBANK PJSC Group ID: 15916.
21. RUSSIAN AGRICULTURAL BANK Group ID: 15016.
22. SMP BANK Group ID: 15039.
23. TINKOFF BANK Group ID: 15917.
24. URAL BANK FOR RECONSTRUCTION AND DEVELOPMENT Group ID: 15031.
25. VEB.RF Group ID: 14198.
26. VTB BANK (PUBLIC JOINT-STOCK COMPANY) Group ID: 14195.
#### The newly added entity is the following:
JOINT-STOCK COMMERCIAL BANK NOVIKOMBANK
Name (non-Latin script): Акционерный Коммерческий Банк НОВИКОМБАНК Address: BUILDING 50/1, BUILDING 1, POLYANKA STREET B, MOSCOW, Russia, 119180.Other Information: The prohibition on correspondent banking relationships etc. measure was imposed on 15/12/2023. (UK Sanctions List Ref):RUS2057. Financial sanctions imposed in addition to an asset freeze: Correspondent banking relationships etc. Trust services. Date trust services sanctions imposed: 15/12/2023. The prohibition on correspondent banking relationships etc. was imposed on 15/12/2023. (UK Statement of Reasons):NOVIKOMBANK is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following ground: NOVIKOMBANK is involved in obtaining a benefit from or supporting the Government of Russia through carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector. (Type of entity):Joint-Stock Company (JSC) (Business Reg No):Russia INN – 7706196340 Listed on: 15/12/2023 UK Sanctions List Date Designated: 15/12/2023 Last Updated: 15/12/2023 Group ID: 16337.
The new consolidated Russia sanctions list may be accessed via this link.