Banks under sanctions

Due to the restrictive measures taken by foreign countries the transfer of funds to foreign accounts is prohibited for the clients of certain Russian credit institutions. Before making transfers allowed under Russian law, Russian residents should check whether the credit institution from which the funds will be transferred is not on the list of institutions subject to blocking sanctions or restrictions with respect to:

  • correspondent accounts, and/or
  • exclusion from theSWIFT system.

In case the bank is stated on one of the lists below, the transfer of funds won’t be possible.

Below is the list of Russian credit institutions subject to foreign sanctions.

Types of sanctionsUSAEUUK
blocking sanctionsPJSC VTB
OJSC Sovcombank
JS Commercial Bank Novikombank
PJSC Bank Financial Corporation Otkritie
PJSC Promsvyazbank
JS Commercial Bank Rossiya
Russian National Commercial Bank
JS Commercial Bank Rossiya
PJSC Promsvyazbank
Vnesheconombank
Russian National Commercial Bank
JS Commercial Bank Rossiya PJSC Promsvyazbank
Vnesheconombank
Industrial Savings Bank
JSC Genbank
Black Sea Bank of Development and Reconstruction
PJSC VTB
PJSC Bank Financial Corporation Otkritie
OJSC Sovcombank
sanctions on correspondent accountsPJSC Sberbank of Russia PJSC Sberbank of Russia
the banks mentioned above
exclusion from the SWIFT system PJSC Bank Financial Corporation Otkritie
JS Commercial Bank Novikombank
PJSC Promsvyazbank
JS Commercial Bank Rossiya
OJSC Sovcombank
Vnesheconombank
PJSC VTB
 

Другие материалы

The article “The Era of COVID-19: Restrictive measures of states and the claims of foreign investors” by Ilya Lifshits and Anastasia Shatalova has been published

Banks under sanctions

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