Vnesheconombank

Sanctioned entity

China. Named in 29 sanctions listings.

Summary

State Development Bank

State Development Corporation

For more information on directives, please visit the following link: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.aspx#directives.

Founded in 1922 as bank and in 2007 as development institute; Associated individuals: Igor Shuvalov, Chairman

Fondée en 1922 en tant que banque et en 2007 en tant qu’établissement de développement - VEB.RF est un grand établissement de développement financier dont le président est directement nommé par le président de la Fédération de Russie, Vladimir Poutine, et reçoit directement des instructions de ce dernier. VEB.RF génère une importante source de revenus pour le gouvernement russe et gère ses fonds de pension d’État. VEB.RF exerce ses activités dans les régions occupées de l’Ukraine sous contrôle russe et participe à des projets mis en œuvre ou encouragés par le gouvernement russe. VEB.RF joue un rôle actif dans la diversification du secteur de la défense de la Fédération de Russie et a des projets avec des entreprises de l’industrie de la défense, y compris Rostec, qui apportent un soutien à des actions compromettant et menaçant l’intégrité territoriale, la souveraineté et l’indépendance de l’Ukraine. VEB.RF a accordé des prêts à des petites et moyennes entreprises en Crimée, qu’elle considère comme une “région prioritaire”, et a des partenariats avec le ministère des affaires de Crimée, responsable de l’intégration, dans la Fédération de Russie, de la “République autonome de Crimée” annexée. À ce titre, VEB.RF apporte un soutien matériel ou financier actif aux décideurs russes responsables de l’annexion de la Crimée ou de la déstabilisation de l’est de l’Ukraine, ou tire avantage de ces décideurs.

(also VNESHECONOMBANK)

Founded in 1922 as bank and 2007 as development institute

Vnesheconombank;

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.

Telephone: + 7 (495) 604-63

(also BANK FOR DEVELOPMENT AND FOREIGN ECONOMIC AFFAIRS (VNESHECONOMBANK) STATE CORPORATION, BANK RAZVITIYA I VNESHNEEKONOMICHESKOI DEYATELNOSTI (VNESHEKONOMBANK) GOSUDARSTVENNAYA KORPORATSIYA)

Website: www.veb.ru

(Date of UN designation: 2022-02-23)

Name VEB.RF: Founded in 1922 as bank and in 2007 as development institute; Associated individuals: Igor Shuvalov, Chairman

Fondée en 1922 en tant que banque et en 2007 en tant qu’établissement de développement Site internet: veb.ru Personnes associées: Igor Shuvalov, président Téléphone: + 7 (495) 604-63

(UE) 2023/1765 du 13/09/2023 (UE Ukraine intégrité territoriale - R (UE) 269/2014) (FondementJuridique: 3629)

VEB.RF plays an active role in the diversification of the defence sector of the Russian Federation and has projects with defence industry companies, including Rostec, which provide support to actions which undermine and threaten the territorial integrity, sovereignty and independence of Ukraine. In this capacity, VEB.RF actively supports, materially or financially, or benefits from, Russian decision-makers responsible for the annexation of Crimea or the destabilisation of Eastern Ukraine. VEB.RF is a major financial development institution whose Chairman is directly appointed by the President of the Russian Federation, Vladimir Putin, and takes instructions directly from him. VEB.RF generates an important source of revenue for the Russian Government and manages its State pension funds. VEB.RF operates in the occupied regions of Ukraine under Russian control, and is involved in projects either implemented or fostered by the Russian Government. VEB.RF granted loans to small and medium-sized enterprises in Crimea and considers it a “priority region” and has partnerships with the Ministry of Crimean Affairs, responsible for the integration of the annexed Autonomous “Republic of Crimea” into the Russian Federation.

(also BANK FOR FOREIGN TRADE OF THE U.S.S.R., VNESHEKONOMBANK GK, VNESHEKONOMBANK SSSR, VNESHECONOMBANK, VEB.RF, GK VEB.RF, STATE DEVELOPMENT CORPORATION VEB.RF, GOSUDARSTVENNAYA KORPORATSIYA RAZVITIYA VEB.RF)

(UE) 2023/571 du 13/03/2023 (UE Ukraine intégrité territoriale - R (UE) 269/2014) (FondementJuridique: 3537)

(UE) 2022/260 du 23/02/2022 (UE Ukraine intégrité territoriale - R (UE) 269/2014) (FondementJuridique: 1326)

Name VEB: Vnesheconombank;

Website: veb.ru

(UE) 2024/2455 du 12/09/2024 (UE Ukraine intégrité territoriale - R (UE) 269/2014) (FondementJuridique: 3799)

Associated individuals: Igor Shuvalov, Chairman

Sanctions and listings29

Official designation
La Principauté de MonacoMonaco National Fund Freezing ListMonaco
(UE) 2024/2455 du 12/09/2024, (ue) 2023/571 du 13/03/2023, (ue) 2022/260 du 23/02/2022 and (ue) 2023/1765 du 13/09/2023
Autorité de désignation publiée : Union européenne
VEB.RF est un grand établissement de développement financier dont le président est directement nommé par le président de la Fédération de Russie, Vladimir Poutine, et reçoit directement des instructions de ce dernier. VEB.RF génère une importante source de revenus pour le gouvernement russe et gère ses fonds de pension d’État. VEB.RF exerce ses activités dans les régions occupées de l’Ukraine sous contrôle russe et participe à des projets mis en œuvre ou encouragés par le gouvernement russe. VEB.RF joue un rôle actif dans la diversification du secteur de la défense de la Fédération de Russie et a des projets avec des entreprises de l’industrie de la défense, y compris Rostec, qui apportent un soutien à des actions compromettant et menaçant l’intégrité territoriale, la souveraineté et l’indépendance de l’Ukraine. VEB.RF a accordé des prêts à des petites et moyennes entreprises en Crimée, qu’elle considère comme une “région prioritaire”, et a des partenariats avec le ministère des affaires de Crimée, responsable de l’intégration, dans la Fédération de Russie, de la “République autonome de Crimée” annexée. À ce titre, VEB.RF apporte un soutien matériel ou financier actif aux décideurs russes responsables de l’annexion de la Crimée ou de la déstabilisation de l’est de l’Ukraine, ou tire avantage de ces décideurs.
geldefonds.gouv.mc
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Effective
1 Jul 2025
Singapore MAS financial measures
Monetary Authority of SingaporeSingapore Targeted Financial SanctionsSingapore
Programme SG-MASmas.gov.sg mas.gov.sg mas.gov.sg
Listed
4 Mar 2022
Measures In Relation To The Situation In Ukraine - Ordinance of 4 March 2022 on measures related to the situation in Ukraine (RS 946.231.176.72), annexes 2, 8, 9, 10, 11, 12,13, 14, 14a, 15, 15a, 15b, 15c, 25, 33, 35, 36, 37, 39, 40 and 41
State Secretariat for Economic AffairsSwiss SECO Sanctions/EmbargoesSwitzerland
Programme SECO-UKRAINEReference 51043seco.admin.ch seco.admin.ch
Listed
24 Feb 2022
Special Economic Measures Act - Russia
Global Affairs CanadaCanadian Consolidated Autonomous Sanctions ListCanada
1, Part 2
Programme CA-SEMAReference 72international.gc.ca international.gc.ca
Listed
26 Jan 2017
Effective
16 Jul 2014
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Russia Sanctions Regime - Autonomous (Russia)
Department of Foreign Affairs and TradeAustralian Sanctions Consolidated ListAustralia
Targeted financial sanction
Autonomous Sanctions (Designated Persons and Entities and Declared Persons—Russia and Ukraine) Amendment (No. 8) Instrument 2022
Programme AU-RUSSIALast updated 18 Mar 2022dfat.gov.au dfat.gov.au
Listed
14 Sep 2023
EU sanctions related to Ukraine
Federal Public Service FinanceBelgian Financial SanctionsBelgium
2023/1765 (OJ L226)
Programme EU-UKRfinance.belgium.be sanctionsmap.eu
Listed
27 Aug 2014
Measures In Relation To The Situation In Ukraine - Ordinance of 4 March 2022 on measures related to the situation in Ukraine (RS 946.231.176.72), annexes 2, 8, 9, 10, 11, 12,13, 14, 14a, 15, 15a, 15b, 15c, 25, 33, 35, 36, 37, 39, 40 and 41
State Secretariat for Economic AffairsSwiss SECO Sanctions/EmbargoesSwitzerland
Programme SECO-UKRAINEReference 28759seco.admin.ch seco.admin.ch
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
25 Feb 2022; 13 Dec 2024; 2 Nov 2023
Measures In Relation To The Situation In Ukraine - Ordinance of 4 March 2022 on measures related to the situation in Ukraine (RS 946.231.176.72), annexes 2, 8, 9, 10, 11, 12,13, 14, 14a, 15, 15a, 15b, 15c, 25, 33, 35, 36, 37, 39, 40 and 41
State Secretariat for Economic AffairsSwiss SECO Sanctions/EmbargoesSwitzerland
Programme SECO-UKRAINEReference 48076seco.admin.ch seco.admin.ch
Listed
13 Sep 2024
Effective
23 Feb 2022
EU sanctions related to Ukraine - UKR
Directorate‑General for Financial Stability, Financial Services and Capital Markets UnionEU Financial Sanctions Files (FSF)European Union
Designation date published: 2022-02-23
regulationType=amendment; organisationType=council
2024/2455 (OJ L13092024)
Programme EU-UKRReference EU.7396.35eur-lex.europa.eu sanctionsmap.eu
Listed
26 Jan 2017
Effective
16 Jul 2014
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Effective
1 Mar 2022
資産凍結等の措置の対象となるロシア連邦の団体及び個人（特定銀行）（注）資産凍結等の措置は、下記に掲げる団体により株式の総数又は出資の総額に占める割合の50％以上を直接に所有されている団体（本邦内に主たる事務所を有する団体を除く。）に対しても適用されます。
Ministry of FinanceJapan Economic Sanctions and List of Eligible PeopleJapan
Reference 3mof.go.jp
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
24 Feb 2022
Special Economic Measures Act - Russia
Global Affairs CanadaCanadian Consolidated Autonomous Sanctions List on the Russian invasion of UkraineCanada
The following financial entities were sanctioned as part of a dealings ban on direct and indirect dealings in Russian sovereign debt.
Programme CA-SEMAinternational.gc.ca international.gc.ca
Effective
20 Apr 2022
Russia Sanctions Act 2022
Ministry of Foreign Affairs and TradeNew Zealand Russia SanctionsNew ZealandSanctioned
Aircraft Ban, service prohibition, dealing with securities, asset freeze and ship ban
Financial entity of signficance
Programme NZ-RSA2022mfat.govt.nz
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
3 Feb 2017
Effective
16 Jul 2014
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
3 Feb 2017
Effective
16 Jul 2014
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
15 Aug 2018
Russian Harmful Foreign Activities Sanctions - RUSSIA-EO14024
Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States
RUSSIA-EO14024, block, UKRAINE-EO13662 and 13662 sectoral directive 1
Executive Order 13662 Directive Determination: Subject to Directive 1
Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209
Secondary sanctions risk: See Section 11 of Executive Order 14024.
Executive Order 14024 (Russia)
Executive Order 13662 (Ukraine)
Programme US-RUSHARReference 17015treasury.gov ofac.treasury.gov
UK Russia financial and investment restrictions
Office of Financial Sanctions ImplementationUK HMT/OFSI Investment BansUnited Kingdom
Programme GB-RUS-INVgov.uk
Listed
16 Jul 2014
Sectoral Sanctions Identifications (SSI) List - Sectoral Sanctions Identifications List
Office of Foreign Assets ControlUS OFAC Consolidated (non-SDN) ListUnited States
RUSSIA-EO14024, UKRAINE-EO13662, block and 13662 sectoral directive 1
Executive Order 13662 Directive Determination: Subject to Directive 1
Secondary sanctions risk: Ukraine-/Russia-Related Sanctions Regulations, 31 CFR 589.201 and/or 589.209
Secondary sanctions risk: See Section 11 of Executive Order 14024.
Executive Order 14024 (Russia)
Executive Order 13662 (Ukraine)
Programme US-SSIReference 17015treasury.gov ofac.treasury.gov
EU sanctions related to Ukraine - (UE) 2023/571 du 13/03/2023 (UE Ukraine intégrité territoriale - R (UE) 269/2014); (UE) 2024/2455 du 12/09/2024 (UE Ukraine intégrité territoriale - R (UE) 269/2014); (UE) 2023/1765 du 13/09/2023 (UE Ukraine intégrité territoriale - R (UE) 269/2014); (UE) 2022/260 du 23/02/2022 (UE Ukraine intégrité territoriale - R (UE) 269/2014)
Direction Générale du TrésorFrench National Asset Freezing SystemFrance
Fondée en 1922 en tant que banque et en 2007 en tant qu’établissement de développement - VEB.RF est un grand établissement de développement financier dont le président est directement nommé par le président de la Fédération de Russie, Vladimir Poutine, et reçoit directement des instructions de ce dernier. VEB.RF génère une importante source de revenus pour le gouvernement russe et gère ses fonds de pension d’État. VEB.RF exerce ses activités dans les régions occupées de l’Ukraine sous contrôle russe et participe à des projets mis en œuvre ou encouragés par le gouvernement russe. VEB.RF joue un rôle actif dans la diversification du secteur de la défense de la Fédération de Russie et a des projets avec des entreprises de l’industrie de la défense, y compris Rostec, qui apportent un soutien à des actions compromettant et menaçant l’intégrité territoriale, la souveraineté et l’indépendance de l’Ukraine. VEB.RF a accordé des prêts à des petites et moyennes entreprises en Crimée, qu’elle considère comme une “région prioritaire”, et a des partenariats avec le ministère des affaires de Crimée, responsable de l’intégration, dans la Fédération de Russie, de la “République autonome de Crimée” annexée. À ce titre, VEB.RF apporte un soutien matériel ou financier actif aux décideurs russes responsables de l’annexion de la Crimée ou de la déstabilisation de l’est de l’Ukraine, ou tire avantage de ces décideurs.
Programme EU-UKRReference EU.7396.35gels-avoirs.dgtresor.gouv.fr sanctionsmap.eu
Listed
28 Jan 2025
Effective
15 Aug 2018
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Effective
28 Feb 2022
UK sanctions relating to Russia - The Russia (Sanctions) (EU Exit) Regulations 2019
UK; Foreign, Commonwealth & Development OfficeUK FCDO Sanctions ListUnited Kingdom
Prohibition on Correspondent banking relationships and processing payments, asset freeze, trust services sanctions and director disqualification sanction
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.
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.
Programme GB-RUSReference 14198Reference RUS0253Last updated 9 Apr 2025gov.uk gov.uk

Connections34

Owns33

All 33 markedSanctionedDebarred

GLOBEXBANK
Share not stated
Owned or Controlled ByRussia
BANK BELVEB OJSCExport controlled
Share not stated
Owned or Controlled ByBelarusRussia
LLC RESORT ZOLOTOE KOLTSOExport controlled
Share not stated
Owned or Controlled ByRussia
JSC SLAVAExport controlled
Share not stated
Owned or Controlled ByRussia
LLC BAIKAL CENTERExport controlled
Share not stated
Owned or Controlled ByRussia
JSC PFC CSKAExport controlled
Share not stated
Owned or Controlled ByRussia

Identifiers13

Identifier	Number	Issued by
ID number	1077711000102
ID number	00005061
ID number	7750004150
INN code	7750004150
Registration number	1077711000102
SWIFT / BIC	BFEARUMM
Tax number	7750004150
Registration number	1077711000102	Russia
Government gazette number	00005061	Russia
Tax ID no	7750004150	Russia
Government gazette number	00005061	Russia
Registration number	1077711000102	Russia
Tax ID no	7750004150	Russia

Other names31

Also known as24

BANK FOR DEVELOPMENTГОСУДАРСТВЕННАЯ КОРПОРАЦИЯ РАЗВИТИЯ ВЭБ.РФVNESHEKONOMBANK GKGOSUDARSTVENNAYA KORPORATSIYA RAZVITIYA VEB.RFBANK FOR FOREIGN TRADE OF THE U.S.S.R.Bank for Development and Foreign Economic AffairsState Development Corporation VEB.RFVNESHEKONOMBANK SSSRGK VEB.RFВЭБGosudarstvennaya Koroporatsiya Razvitiya VEB.RFVnesheconombank (VEB)STATE DEVELOPMENT CORPORATION VEB.RFVneshekonombankThe Corporation Bank for Development and Foreign Economic Affairs VnesheconombankＶＥＢ．ＲＦVEB –VNESHECONOMBANK (VEB)

Show 6 more

ＶＥＢ．ＲＦ（ロシア対外経済銀行）BANK RAZVITIYA I VNESHNEEKONOMICHESKOI DEYATELNOSTI (VNESHEKONOMBANK) GOSUDARSTVENNAYA KORPORATSIYABANK FOR DEVELOPMENT AND FOREIGN ECONOMIC AFFAIRS (VNESHECONOMBANK) STATE CORPORATIONгосударственная корпорация развития "ВЭБ.РФ"STATE CORPORATION BANK FOR DEVELOPMENT AND FOREIGN ECONOMIC AFFAIRS VNESHECONOMBANKVEB.RF（Vnesheconombank）

Previously known as3

Names the source records this subject as having used before.

Vneshekonombank SSSRBank for Foreign Trade of the U.S.S.R.Vneshekonombank GK

Weak aliases4

Spellings the source flags as too generic to establish a match on their own.

VEB.RFВЭБ.РФVEBBank for Development

Addresses17

9 AKADEMIKA SAKHAROVA PROSPEKT, MOSCOW, 107996
Pr-kt, Akademika Sakharova, D. 9, Moscow, 107078
Akademik Sakharov Ave 9 Moscow 107996 Russia
Pr-kt, Akademika Sakharova, D. 9 Moscow 107078 Russia
st. Vozdvizhenka, 10, Russian Federation
9 Akademika Sakharova Prospekt, Moscow, 107996, Russian Federation
st. Vozdvizhenka 10, Moscou
20A, CITIC Building, 19, Joanguomenwai Dajie, 100004 Beijing
Akademia Sakharova Prospekt, Moscow, Russia, 107996
st. Vozdvizhenka 10, Moscow, RUSSIAN FEDERATION
Shop No. 11, Arcade Ground Floor, World Trade Centre, Cuffe Prade, Colaba Mumbai 400005 India
St. Vozdvizhenka 10, Moscou, Fédération de Russie
Shop No. 11, Arcade Ground Floor, World Trade Centre, Cuffe Prade, Colaba, Mumbai - 400005
AKADEMIK SAKHAROV AVE 9, MOSCOW, 107996
Пр-Кт Академика Сахарова, Д. 9, Город Москва, 107078
20A, CITIC Building, 19, Joanguomenwai Dajie Beijing 100004 China
9 Akademika Sakharova Prospekt, Moscow 108996, Russia

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