Addresses:
Naberezhnaja str named after 60th anniversary of USSR, 34, 295000

Other information:
Website: http://www.rncb.ru
Registration number: 1027700381290

Justifications:
After the illegal annexation of Crimea, Russian National Commercial Bank (RNCB) became fully owned by the so-called “Republic of Crimea”. In January 2016, it became a property of the Federal Agency for State Property Management, also known as Rosimushchestvo (Федеральное агентство по управлению государственным имуществом (Росимущество)).
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, RNCB supported materially and financially the actions of the Russian government to integrate Crimea into the Russian Federation, thus undermining Ukraine’s territorial integrity.
On 29 January 2020 The Russian Central Bank decided to reorganise the Sevastopol Marine Bank with the participation of RNCB. The bank participated in two large infrastructure projects in Crimea – it finances the construction of a new air terminal complex in Simferopol and generation facilities (Balaklavskaya TPP and Tavricheskaya TPP).
In 2023, the RNCB became a subsidiary of the state-owned VTB Bank, Russia’s largest Bank, which is a systemically important financial institution of the Russian government and remains a primary source of revenue for the Russian Federation.
The RNCB therefore supports financially the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine. The RNCB is also a legal person involved in economic sectors providing a substantial source of revenue to the Government of the Russian Federation, which is responsible for the annexation of Crimea and the destabilisation of Ukraine.


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

Name	Source	YOB
PJ Public Joint Stock Company "russian National Commercial Bank"	Switzerland - Sanctions List
PJ Public Joint Stock Commercial Bank “derzhava”	Switzerland - Sanctions List
RN Russian National Commercial Bank	UK - Sanctions List
JS Joint Stock Company Commercial Bank “solidarnost”	Switzerland - Sanctions List
CB Commercial Bank “khlynov” (joint Stock Company)	Switzerland - Sanctions List

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Public Joint Stock Company "russian National Commercial Bank"

Public Joint Stock Commercial Bank “derzhava”

Russian National Commercial Bank

Joint Stock Company Commercial Bank “solidarnost”

Commercial Bank “khlynov” (joint Stock Company)