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State Corporation Bank For Development And Foreign Economic Affairs Vnesheconombank

On the SDN listEntityUKRAINE-EO13662RUSSIA-EO14024

State Corporation Bank For Development And Foreign Economic Affairs Vnesheconombank (entity) is on the Specially Designated Nationals (SDN) list of the U.S. Treasury Office of Foreign Assets Control (OFAC). Programs: UKRAINE-EO13662, RUSSIA-EO14024. Addresses on file in: Russia, China, India. Its property under U.S. jurisdiction is blocked and U.S. persons are generally prohibited from dealing with it.

Russia has 3,477 entities, vessels or aircraft with an address on the SDN list, ranking #1 among all countries. Other sanctioned entities with an address in Moscow 107996 are listed below.

Sanctions programs

Russia/Ukraine: Russian economic sectors (Executive Order 13662) UKRAINE-EO13662

March 2014 order, issued after the annexation of Crimea, that allows sanctions on those operating in sectors of the Russian economy such as finance, energy, defense and mining.

Russia (Executive Order 14024) RUSSIA-EO14024

Program created in April 2021 to address harmful foreign activities of the Russian government. Since the 2022 invasion of Ukraine it has been the basis for most Russia sanctions: banks, defense, technology and energy companies and their suppliers, including outside Russia. Designations under this order can carry secondary sanctions risk for foreign financial institutions that facilitate significant transactions.

Also known as

  • GOSUDARSTVENNAYA KORPORATSIYA RAZVITIYA VEB.RF · aka
  • STATE DEVELOPMENT CORPORATION VEB.RF · aka
  • GK VEB.RF · aka
  • VEB.RF · aka
  • VNESHECONOMBANK · fka
  • VNESHEKONOMBANK SSSR · fka
  • VNESHEKONOMBANK GK · fka
  • BANK FOR FOREIGN TRADE OF THE U.S.S.R. · fka

Addresses on file

  • Akademik Sakharov Ave 9, Moscow 107996, Russia
  • Pr-kt, Akademika Sakharova, D. 9, Moscow 107078, Russia
  • 20A, CITIC Building, 19, Joanguomenwai Dajie, Beijing 100004, China
  • Shop No. 11, Arcade Ground Floor, World Trade Centre, Cuffe Prade, Colaba, Mumbai 400005, India

OFAC remarks

SWIFT/BIC BFEARUMM; Website www.veb.ru; BIK (RU) 044525060; 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; alt. Secondary sanctions risk: See Section 11 of Executive Order 14024.; Organization Established Date 18 Aug 1922; Target Type State-Owned Enterprise; alt. Target Type Financial Institution; Tax ID No. 7750004150 (Russia); Government Gazette Number 00005061 (Russia); Registration Number 1077711000102 (Russia); For more information on directives, please visit the following link: http://www.treasury.gov/resource-center/sanctions/Programs/Pages/ukraine.aspx#directives.; a.k.a. 'VEB'; a.k.a. 'BANK FOR DEVELOPMENT'.

Other sanctioned entities in Moscow 107996

Sharing a city does not imply any link between these entities.

Frequently asked questions

What does it mean that State Corporation Bank For Development And Foreign Economic Affairs Vnesheconombank is on the SDN list?

It means that its property and interests in property under U.S. jurisdiction are blocked and U.S. persons are generally prohibited from dealing with this entity. Entities it owns 50% or more of, directly or indirectly, are also considered blocked.

Can a non-U.S. company do business with State Corporation Bank For Development And Foreign Economic Affairs Vnesheconombank?

OFAC sanctions bind U.S. persons and companies, as well as transactions that pass through the U.S. financial system (for example, U.S. dollar payments). Some programs, such as those for Russia and Iran, include secondary sanctions on non-U.S. persons. Seek advice before transacting.

How does an entity get removed from the SDN list?

A sanctioned party can petition OFAC for removal by showing a change in circumstances. OFAC publishes removals on its website; DataCloud USA updates the list daily and marks the profiles of delisted parties.

More context: how to check if a company is debarred or sanctioned.