VEB.RF

VEB.RF

Overview of VEB.RF

ID	RUS0253
Sanction Regime	The Russia (Sanctions) (EU Exit) Regulations 2019
Designation Source	UK
Other Information	The prohibition on correspondent banking relationships and processing payments was imposed on 15/12/2023. The Director Disqualification Sanction was imposed on 09/04/2025.
Imposed Sanctions	Asset freeze, Prohibition on Correspondent banking relationships and processing payments, Trust Services Sanctions
Last Updated	Apr 09, 2025
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. The trust services sanctions were imposed on 21/03/2023.
OFSI Group ID	14198

What alternative names has VEB.RF used?

Name	Title	Name Type	Non-Latin Name	Alias Strength
VEB.RF		Primary Name	ВЭБ.РФ
Vneshekonombank		Primary Name Variation

Where is VEB.RF located?

Address	Postal Code	Country	Email Address	Phone Number	Website
Akademia Sakharova Prospekt Moscow	107996	Russia		+7 (495) 721-18-63

What type of entity is VEB.RF?

Business Registration Numbers	Parent Company	Subsidiaries	Type of Entity
			State Development Bank
			State Development Corporation

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