Alfa bank sanctions. The new sanctions hit Sberbank, which holds one-third of Russia's total banking assets, and Alfa Bank, the country's fourth largest financial institution, U. The oligarchs, who together owned 45% of Alfa-Bank and 42% of the insurance division, hope that cutting ties to the bank will strengthen their legal challenge against the EU’s sanctions, the The oligarchs, who together owned 45% of Alfa-Bank and 42% of the insurance division, hope that cutting ties to the bank will strengthen their legal challenge against the EU’s sanctions, the report said. officials said. JSC SB ALFA BANK), Masanchy Street 57a, Almaty 050012, Kazakhstan; SWIFT/BIC ALFAKZKA; Website www. The trust services sanctions were MLex Summary: Russia’s Alfa-Bank has had its appeal against EU sanctions related to the war in Ukraine dismissed by the EU’s lower court. These men, who were under international sanctions, sold their stakes to a longtime business partner, Andrei Kosogov. 5bn deal to buy the bank and its insurance arm October 30 2023 Two well-known Russian billionaires have sold their shares in Russia’s largest private bank, Alfa-Bank, and its insurance company, Alfa Strakhovanie. a. a: (1) Alfa Bank Belarus (2) Closed Joint Stock Company Alfa Bank Address: 43-47 Surganova Street, Minsk, Belarus, 220013. The bank had argued that the Council of the EU, which represents member states, lacked evidence to justify the imposition of the measures and that there were no legal grounds for it to enforce economic restrictions. 2023 (Sectoral Sanctions) The finance ministry earlier said that “anti-Russia” sanctions against these entities were impeding Alfa Bank and Alfastrakhovanie’s activities on the Russian financial market. Financial sanction: 2025/527 (OJ L202500527) Apr 6, 2022 · In response to the Russian Federation’s continued use of its military-industrial base to support its aggression against Ukraine, the President has issued an Executive Order (E. The Ukrainian-based bank ALFA-BANK JSC is a legal entity that is different from the Russian-based Alfa-Bank, and so ALFA-BANK JSC (Ukraine) is not subject to international sanctions, the U. CJSC ALFA BANK BELARUS Name (non-Latin script): ЗАО Альфа-Банк a. Today’s sanctions focus on individuals and entities abetting Russia’s unconscionable war against Ukraine by providing United States Acts in Tandem with Partners and Allies to Maximize Consequences for Russia, and in Show of Unity Against Invasion of a Sovereign State Top Ten Russian Financial Institutions Now Under U. The sanctions hit Russian banks hard. Government Sanctions Sberbank and Alfa Bank, Prohibits All New Investments in Russia, Imposes New Export Restrictions against Russian Civil Aviation & Ends PNTR Status for Russia and Belarus Alfa-Bank JSC is a Russian bank. JOINT STOCK COMPANY ALFA-BANK from Russian Federation (also known as JSC ALFA-BANK, AO ALFA-BANK, OPEN JOINT STOCK COMPANY ALFA-BANK, ALFA-BANK etc. The group's Alfa Bank, Russia's largest nonstate bank, was sanctioned by the EU in March 2022, and Fridman left the board after to try to help the bank skirt sanctions. The men already face sanctions from the UK and EU. 44 billion) in 2022, according to its annual report for that year. Treasury Department has added Russian tycoons Mikhail Fridman and Pyotr Aven -- founders of Alfa-Bank -- to the sanctions list. The European Union imposed sanctions on Alfa-Bank in February 2023 as part of the tenth sanctions package against Russia, coinciding with the anniversary of the start of the Russian-Ukrainian conflict. Newly designated banks include CJSC Alfa-Bank (Belarus), OJSC Sber Bank (Belarus), VTB Bank (Belarus), and VTB Bank (Kazakhstan). This sector is said to be one of strategic significance to the Government of Belarus. U. Details of UK sanctions and access to the full UK sanctions […] All entities sanctioned by the EU. The US Treasury has imposed sanctions against six subsidiaries of Alfa-Bank and five vessels associated with the credit institution, according to a notice posted on The United States on Wednesday imposed blocking sanctions against Alfa Bank, Russia's largest private bank, and its subsidiaries In addition to ATB, the following entities affiliated with Alfa Bank have been put on the OFAC list: Alfa Direct, Cyprus-based Alfa Capital Markets, Alfa Forex, Alfa Leasing and the Russian bank's subsidiary in The new sanctions hit Sberbank, which holds one-third of Russia's total banking assets, and Alfa Bank, the country's fourth largest financial institution, U. 5 billion. The UK has imposed sanctions on the Belarusian Alfa-Bank, which is part of the international financial consortium Alfa-Group. 2022 № 89/2023 від 22. Alfa Bank allegedly obtains benefit or supports the Belarusian Government through carrying out its business in the Belarusian financial services sector. 6 billion CNN — Battered by Western sanctions, Russia’s largest privately owned bank is expanding its business in the world’s second-largest economy. [15] A subsidiary bank opens in Novosibirsk, Russia's third most populous city. 44 billion) in 2022, according to its annual reportfor that year. Government Sanctions Sberbank and Alfa Bank, Prohibits All New Investments in Russia, Imposes New Export Restrictions against Russian Civil Aviation & Ends PNTR Status for Russia and Belarus The sanctions hit Russian banks hard. ) included in The UK sanctions list sanction list with id: 16597 The Ukrainian-based bank ALFA-BANK JSC is a legal entity that is different from the Russian-based Alfa-Bank, and so ALFA-BANK JSC (Ukraine) is not subject to international sanctions, the U. Departme Decrees of the President of Ukraine № 726/2022 від 19. WASHINGTON, April 7. Russian billionaires Mikhail Fridman and Petr Aven are set to offload their stakes in Alfa Bank, Russia’s largest private bank, in a $ 2. Action disrupts Russia’s supply chain for highest priority itemsWASHINGTON — The U. S Restrictions; U. S. Alfa Bank of Belarus is a subsidiary of Russian investment consortium Alfa Group. The EU General Court has rejected delisting applications by Alfa-Bank JSC in Case T‑271/23 and German Khan in Case T-289/23. 14024 for operating or having operated in the financial services sector of the Russian Federation economy. Fridman is a founder of Alfa Group and ranks as one of Russia’s wealthiest tycoons. The EU has imposed several rounds of sanctions on Russia since Putin ordered his troops into Ukraine. Regime: UKRAINE. Euromoney ranks Alfa-Bank "Best Bank in Russia" for the second consecutive year. Alfa-Bank merges with Alfa Capital, then a sister company of Alfa Group. CJSC Alfa Bank Belarus (Group ID: 16597) has been designated under The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the UK regulations) and is now subject to an asset freeze. The United States will announce new sanctions on Russia's Alfa Bank as soon as on Wednesday, a Wall Street Journal reporter tweeted, as President Joe Biden's administration plans to further punish The sanctions hit Russian banks hard. Ready to Impose Additional Major Costs WASHINGTON – The United States took significant and unprecedented action to respond to Russia’s further invasion of Ukraine by WASHINGTON, April 7. The total value of the deal was about $2. 1. ) amending E. The judgment published by the EU’s The US targeted Petr Aven, Mikhail Fridman, German Khan and Alexey Kuzmichev, who are all connected to Alfa-Bank. There are reasonable grounds to suspect that Alfa-Bank JSC is or has been involved in obtaining a benefit from or supporting the Government of Russia by carrying on business in the financial services sector - a sector of strategic significance to the Government of Russia. The sanctioned entities include banks such as Alfa-Bank, Rosbank, and Tinkoff Bank, the National Wealth Fund of the Russian Federation, and the Russian National Reinsurance Company. Both applications challenged the lawfulness of the EU’s power to include ‘leading businesspersons’ on the Russian sanctions list at Article 2(1)(g) of Council Decision (CFSP) 2014/145. ) included in SDN sanction list with id: 34682 Full coverage of global sanctions regimes, including the United Nations, European Union, United Kingdom, United States, and many others. The background of SanctionsLists. Apr 7, 2022 · Sberbank and 42 of its subsidiaries, as well as Alfa-Bank and 6 of its subsidiaries, are now SDNs subject to full blocking sanctions. Full Blocking Sanctions on Sberbank and Alfa-Bank Sberbank and 42 of its subsidiaries, as well as Alfa-Bank and 6 of its subsidiaries, are now SDNs subject to full blocking sanctions. The volume of Alfa-Bank's assets blocked in American banks last year due to the imposition of sanctions is estimated at almost $0. 02. Aven headed Alfa Bank until March 2022, but like Fridman left the board after the EU move. Apr 6, 2022 · Today, OFAC is expanding previous sanctions by designating Alfa-Bank pursuant to E. The court rules on Alfa-Bank's application for annulment of several Council decisions and regulations that included and maintained the bank's name on the EU's sanctions U. (UK Statement of Reasons): CJSC Alfa Bank Belarus is an “involved person” under the Republic of Belarus (Sanctions) (EU Exit Updates with Alfa Bank confirmation. on Friday imposed new sanctions on four Russians linked to financial and investment conglomerate Alfa Group and a Russian business association, the latest measures targeting Moscow's Closed Joint Stock Company Alfa Bank from Belarus (also known as Closed Joint Stock Company Alfa Bank, CJSC Alfa Bank Belarus etc. alfabank. SUBSIDIARY BANK ALFA-BANK JSC (a. The group’s Alfa Bank, Russia’s largest non-state bank, was sanctioned by the EU in March 2022, prompting Fridman to leave the board to try to help the bank skirt sanctions. /TASS/. Alfa Bank made a loss of 117. This is the General Court's judgment in Case T-271/23, *Alfa-Bank JSC v Council*, concerning the restrictive measures imposed on Alfa-Bank by the European Union following Russia's actions against Ukraine. Alfa Bank, controlled by sanctioned Russian oligarch Mikhail Fridman, has launched a website and support service in Chinese for businesses in the country, it said in a statement earlier this week. Nationality: UNKNOWN. The fate of EU sanctions against Russian Alfa-Bank may be decided this week. (UK Statement of Reasons): CJSC Alfa Bank Belarus is an “involved person” under the Republic of Belarus (Sanctions) (EU Exit Aliases: Addresses: CJSC Alfa Bank Belarus is an “involved person” under the Republic of Belarus (Sanctions) (EU Exit) Regulation 2019 because CJSC Alfa Bank Belarus is or has been involved in obtaining a benefit from or supporting the Government of Belarus by carrying on business in a sector of strategic significance to the Government of Belarus, namely the Find out which people, entities and ships are designated or specified under regulations made under the Sanctions and Anti-Money Laundering Act 2018, and why. 10. There are 1487 sanctions distributed over 1487 entities. The US government has introduced full blocking sanctions against Russia’s Sberbank and Alfa-Bank in a bid to further isolate Moscow. 3-billion deal, the Explore how European and US sanctions affect Alfa Group leadership, a proposed 178 billion ruble Alfa Bank transaction, and market reactions The group’s Alfa Bank, Russia’s largest non-state bank, was sanctioned by the EU in March 2022, prompting Fridman to leave the board to try to help the bank skirt sanctions. kz; Organization Established Date 1994 [RUSSIA-EO14024] (Linked To: JOINT STOCK COMPANY ALFA-BANK). The oligarchs, who together owned 45% of Alfa-Bank and 42% of the insurance division, hope that cutting ties to the bank will strengthen their legal challenge against the EU’s sanctions, the . The department said on August 11 that two other Russian The two have also challenged that decision in separate cases still pending. Feb 6, 2025 · The sanctioned billionaires Mikhail Fridman and Petr Aven have sold their stakes in Russia’s largest private lender and its insurance arm, as they attempt to overturn EU sanctions against them. Department of the Treasury’s Office of Foreign Assets Control (OFAC) continues to disrupt the networks and channels through which Russia attempts to sustain its beleaguered military. Oct 23, 2025 · Oct 23 (Interfax) - The European Union will impose a ban on transactions with five Russian lending institutions as of November 12 as part of the 19th sanctions package, namely Alfa-Bank, MTS Bank , Absolut Bank, Zemsky Bank, and NPO Istina, the EU published on Thursday in its Official Journal. The US has imposed its most severe level of sanctions on Sberbank, Russia’s largest financial institution, and Alfa-Bank, the country’s biggest private bank, escalating its economic punishment Today’s listings also cover economic actors in sectors providing a substantial source of revenue or supporting financially the government of Russia. org request is as follows: on February 2, 2026, VDD appealed to the prosecutor’s office with a request to open a criminal case against a Latvian citizen who worked as a programmer for a Russian company and for several months he received wages to the bank account of the Russian Alfa-Bank, which is under sanctions. Russian billionaires Fridman and Aven sell Alfa-Bank stakes in bid to overturn sanctions Longtime partner Andrei Kosogov completes a $2. The statement, made by a top central bank executive, comes amid increasing pressure on a ruble-backed stablecoin issued in Kyrgyzstan and actively used by Russian entities to circumvent sanctions. 14024 that provides the Office of Foreign Assets Control (OFAC) with new authorities to target foreign financial institutions for engaging in certain tra Oct 5, 2024 · The parent company, Alfa Bank, has been under UK sanctions since March 24, 2022, due to its connection to the Russian state and its involvement in financing activities related to the invasion of Ukraine. Russian bank of the same name has been subject to UK sanctions since March 24, 2022. AWEX offers cash services at its offices in Moscow and Dubai and also loads funds onto credit cards associated with OFAC-designated Russian banks such as Sberbank and Alfa-Bank. k. 1 billion rubles ($1. O. Other Information: (UK Sanctions List Ref): BEL0166. This is a significant departure given that both Sberbank and Alfa-Bank were subject to more limited sanctions in the past, including those under Executive Order 14024 of April 15, 2021. The U. Given the affiliation of these banks with Russian banks that are already subject to EU asset-freezing sanctions, the practical impact of these new designations will likely be limited. Designation date: 2/25/2023. That issue is also raised in German Khan’s appeal […] Details: Identifications: The UK has designated CJSC Alfa Bank Belarus. Departme 1998 – Alfa-Bank is reorganized from a limited liability company into an open joint stock company. Feb 25, 2023 · Alfa-Bank JSC was designated in the "UKRAINE" regime in 2023. The US Treasury has imposed sanctions against six subsidiaries of Alfa-Bank and five vessels associated with the credit institution, according to a notice posted on The U. j5zek, npdyr, ka0hn, bkrax4, qfhw, of7q, c6tr, zkwsp, mwhhv, uymz,