Russian National Commercial Bank

Designation identifiers

UKSL unique ID

RUS0193

OFSI group ID

13078

Designation type

Entity

Date designated

31 December 2020

Last updated

9 April 2025

Regimes

• The Russia (Sanctions) (EU Exit) Regulations 2019

Designation sources

• UK

Sanctions imposed

• Asset freeze
• Trust Services Sanctions
• Director Disqualification Sanction

Official 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. The trust services sanctions were imposed on 21/03/2023.

Other information

• The Director Disqualification Sanction was imposed on 09/04/2025.

Addresses

• Lines: Naberezhnaja street
• Lines: 34
• Lines: Simferopol
• Lines: The Autonomous Republic of Crimea and the city of Sevastopol
• Postcode: 295000
• Country: Ukraine