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

Regime: Russia
(UK Sanctions List Ref):RUS1734. Financial sanctions imposed in addition to an asset freeze: Correspondent banking relationships etc. Trust services. Date trust services sanctions imposed: 21/03/2023. The prohibition on correspondent banking relationships etc. measure was imposed on 15/12/2023. (UK Statement of Reasons):MTS BANK is or has been involved in obtaining a benefit from or supporting the Government of Russia by, carrying on business in the financial services sector - a sector of strategic significance to the Government of Russia.  (Website):www.mtsbank.ru

Regime: Russia
(UK Sanctions List Ref):RUS2057. Financial sanctions imposed in addition to an asset freeze: Correspondent banking relationships etc. Trust services. Date trust services sanctions imposed: 15/12/2023. The prohibition on correspondent banking relationships etc. was imposed on 15/12/2023.  (UK Statement of Reasons):NOVIKOMBANK is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following ground: NOVIKOMBANK is involved in obtaining a benefit from or supporting the Government of Russia through carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector. (Type of entity):Joint-Stock Company (JSC) (Business Reg No):Russia INN - 7706196340

Name	Source	YOB
PJ Public Joint Stock Company "russian National Commercial Bank"	Switzerland - Sanctions List
RN Russian National Commercial Bank	UK - Sanctions List
MB Mts Bank Public Joint-stock Company (pjsc)	UK - Sanctions List
JC Joint-stock Commercial Bank Novikombank	UK - Sanctions List
PJ Public Joint Stock Company Techpribor	Switzerland - Sanctions List

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Public Joint Stock Company "russian National Commercial Bank"

Russian National Commercial Bank

Mts Bank Public Joint-stock Company (pjsc)

Joint-stock Commercial Bank Novikombank

Public Joint Stock Company Techpribor