Russian National Commercial Bank
Overview of Russian National Commercial Bank
| ID | RUS0193 |
|---|---|
| Sanction Regime | The Russia (Sanctions) (EU Exit) Regulations 2019 |
| Designation Source | UK |
| Other Information | The Director Disqualification Sanction was imposed on 09/04/2025. |
| Imposed Sanctions | Asset freeze, Trust Services Sanctions |
| Last Updated | Apr 09, 2025 |
| UK Statement of Reasons | After the illegal annexation of Crimea, Russian National Commercial Bank (RNCB) became fully owned by the so-called 'Republic of Crimea'. In January 2016 became a property of Federal Agency for State Property Management also known as Rosimushchestvo. It has become the dominant player in the market, while it had no presence in Crimea before the annexation. By buying or taking over from branches of retreating banks operating in Crimea, RNBC supported materially and financially the actions of the Russian government to integrate Crimea into the Russian Federation, thus undermining Ukraine's territorial integrity. The trust services sanctions were imposed on 21/03/2023. |
| OFSI Group ID | 13078 |
What alternative names has Russian National Commercial Bank used?
| Name | Title | Name Type | Non-Latin Name | Alias Strength |
|---|---|---|---|---|
| Russian National Commercial Bank | Primary name | Российский национальный коммерческий банк |
Where is Russian National Commercial Bank located?
Data Source
- The UK Sanctions List
A list maintained by the UK Government that identifies individuals and entities subject to financial sanctions. The list includes information on the reasons for the sanctions and the restrictions that apply. - license: CC0