Bank Otkritie Financial Corporation PJSC

Designation identifiers

UKSL unique ID

RUS0254

OFSI group ID

14199

Designation type

Entity

Date designated

28 February 2022

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
• Prohibition on Correspondent banking relationships and processing payments

Official reasons

• Bank Otkritie Financial Corporation PJSC (hereafter 'Otkritie') is the only bank of systematic importance that is owned by the Central Bank of Russia (CBR). Otkritie is the 8th largest bank in Russia with assets of approximately 3.2 trillion Rubles (3% of the total assets in the financial sector). It is supporting and obtaining a benefit from the Government of Russia. Otkritie is owned by the Central Bank of Russia, part of the Government of Russia. It is also carrying on business of economic significance to the Government of Russia. Furthermore, Otkritie is carrying on business in the Russian financial services sector which is a sector of strategic importance to the Government of Russia. The trust services sanctions were imposed on 21/03/2023.

Other information

• 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.

Addresses

• Lines: Street Letnikovskaya Stroenie 4
• Lines: Building 2
• Lines: Moscow
• Postcode: 115114
• Country: Russia