Name

Veb.rf

🇷🇺

Additional Information

Regime: Russia

(UK Sanctions List Ref):RUS0253. Financial sanctions imposed in addition to an asset freeze: Dealing with transferable securities or money-market instruments. Loans and credit arrangements. Correspondent banking relationships etc. Trust services. Date trust services sanctions imposed: 21/03/2023. (List of persons named in relation to financial and investment restrictions Group ID): 13082. The prohibition on correspondent banking relationships etc. measure was imposed on 15/12/2023. (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. (Phone number):+7 (495) 721-18-63 (Type of entity):(1) State Development Corporation (2) State Development Bank