Name
Russian National Commercial Bank
🇺🇦
Additional Information
Regime: Russia
(UK Sanctions List Ref):RUS0193. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (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. (Website):http://www.rncb.ru