Bank For Development And Foreign Economic Affairs (Vnesheconombank) State Corporation

Active exclusionSpecial Entity Designation

Bank For Development And Foreign Economic Affairs (Vnesheconombank) State Corporation has an active exclusion in the System for Award Management (SAM.gov), entered by the OFAC effective Jul 16, 2014. Type: Prohibition/Restriction. While active, the party cannot receive new federal contracts, subcontracts or grants unless an agency grants a compelling-reason exception.

A prohibition or restriction comes from a statute or court decision that bars the party from receiving certain federal contracts or funds.

UEI: CE9ZNDBLH4R5
Exclusion type: Prohibition/Restriction
Program: Reciprocal
Excluding agency: OFAC
Active since: Jul 16, 2014
Termination: Indefinite
Cross-reference: (also VNESHECONOMBANK)

Agency comments

Redacted for Security Reasons

Frequently asked questions

Can Bank For Development And Foreign Economic Affairs (Vnesheconombank) State Corporation keep performing its current contracts?

Generally, an exclusion bars new awards but does not automatically cancel existing contracts: the agency decides whether to continue them. They cannot be extended or renewed without approval.

Can an excluded company be used as a subcontractor?

Prime contractors should not subcontract to excluded parties above certain thresholds without notifying and justifying it to the agency. That is why SAM.gov should be checked before choosing partners.

Where is the exclusion status confirmed?

In the SAM.gov exclusions search, the official source. DataCloud USA updates it daily.