Stop Doing
Business with Russia
Russia initiated aggression against Ukraine in 2014. On February 24, 2022, it started a full-scale military invasion to the Ukrainian territory. This brutal war and military crimes of Russian troops caused a humanitarian crisis in Ukraine with thousands civilians killed and millions becoming refuges. As a reaction to this act of aggression, many international companies decided to leave the Russian market, while some others continue doing business there as usual. We track such decisions of companies and urge them to stop funding the war.
Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business
Pausing InvestmentsReducing Activities: company scaling back some business operations while continuing others
Scaling BackPause operations: company temporarily curtailing operations while keeping return options open
SuspensionClean Break: the company completely halting Russian engagements or exiting Russia
WithdrawalExit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exit Completed
OSTC no longer operates in Russia. OSTC ceased its business operations in Russia in March 2022 in response to the invasion into Ukraine and has been working with its professional advisors since then to fully close down the legal entity.
Suspend its operations in Russia due to the country’s invasion of Ukraine.
Cards issued by Russian banks will no longer be supported by the Mastercard network regardless of where they’re used - inside or outside of Russia. And, any Mastercard issued outside of the country will not work at Russian merchants or ATMs. All domestic transactions in Russia are processed by the central bank and Mastercard cannot block them. Also, the company has lost $30 million in 2022 due to the suspension of activities in Russia, as reported in its financial statements for 2022. Revenue dropped to 0 in 2023. From January 1, 2025, security certificates for some Visa and Mastercard cards in the Russian Federation will no longer be valid.
Suspended issuing bank cards to Russian Banks. The largest payment system UnionPay has limited work with sanctioned Russian banks but Russian Standard Bank and some other banks' customers now have access to transfers to cards of the UnionPay payment system. The Chinese payment system UnionPay has removed from its Russian-language website information about issuing its cards in Russian banks, which have recently been sanctioned by the United States and Great Britain. VTB CEO announces discussion on returning UnionPay to Russia. Revenue decreased in 2024 vs 2023 by more than -20%.
Reducing holdings and suspending future investments in Russia and Belarus.
AMLbot was openly used by companies to bypass sanctions and service a large part of Russian crypto exchanges on Bestchange. The company said it had stopped cooperating with Russian businesses after the start of a full-scale war. They noted that most of the AMLBot team is located in Ukraine.
In Armenia, 4 out of 18 banks refused to work with Unistream: Armeconombank, Ardshinbank, Converse Bank and Evokabank sent out notices to clients offering to use alternative payment channels.
Armbrok broker is closing accounts of non-residents due to domestic legal requirements, according to RBC. The closure will also affect the accounts of some Russians.
In Armenia, 4 out of 18 banks refused to work with Unistream: Armeconombank, Ardshinbank, Converse Bank and Evokabank sent out notices to clients offering to use alternative payment channels.
Froze lending to Russia and Belarus.
Indefinite suspension of services within Russia
The cryptocurrency exchange ATAIX Eurasia has requested Russians to close their accounts. In accordance with the sanctions imposed by the European Union, ATAIX Eurasia is unable to continue providing services to citizens of Russia, individuals residing there, and legal entities registered in the Russian Federation.
Pause investments & prohibit new subscriptions
Cards of Thailand's main bank Bangkok Bank stopped working for "thousands" of Russians. Mass blocking began on May 25, 2025.
Six of the largest banks of Kyrgyzstan have announced the temporary termination of work with the Russian payment system "Unistream". In particular, the ban was introduced by Kompanion Bank, Finca Bank, RSK Bank, Capital Bank, Halyk Bank, and Bank of Asia.
Bank of Georgia massively closes accounts for Russians.
Suspended work with rubles and blocked the accounts of Russians,
Stop operations in Russian ruble
In Kyrgyzstan, six credit institutions have announced restrictions on working with Unistr. Kompanion Bank reported that the reason was sanctions; Finca bank stopped issuing and sending currency transfers (in dollars and euros), but kept ruble ones; RSK Bank and Bank of Asia stopped dollar payments, and "Capital Bank" - any.
We have restricted direct purchases of Russian securities in all Schwab Funds, Schwab ETFs, and other client accounts, All of our investment strategies remain open for client activity,
The Chinese bank Chouzhou Commercial Bank informed clients about the suspension of transactions with Russia.
Still allows transactions to Russia but introduced more thorough checks. Also, due to sanctions against Russia and Belarus expand will be ceasing all payments to and from Russia and Belarus as of August 20th, 2022
Clearstream Banking S.A., Luxembourg (CBL) has fully written off the receivables of the Russian National Settlement Depository (NRD, part of the Moscow Exchange Group) in the amount of EUR 134 million as of December 31, 2022, as CBL no longer expects the repayment of the debt from the NRD, it is stated in annual report of Deutsche Börse Group, which includes Clearstream. Clearstream Banking informs clients holding positions in ADR and GDR programmes with Russian underlying equities that the processing of new instructions to convert voluntarily or to cancel holdings has been suspended until further notice.
Suspend acceptance of certain Russian commodities
Trying to quickly liquidate $30 million of equipment in Siberia. Compass Mining severed ties with Russian hosting provider Bit River and did not return Bitcoin mining equipment to its customers.
In Armenia, 4 out of 18 banks refused to work with Unistream: Armeconombank, Ardshinbank, Converse Bank and Evokabank sent out notices to clients offering to use alternative payment channels.
Suspend all services in Russia. CAIS agreed to remit $720,258 to settle its potential civil liability for apparent violations of sanctions against Cuba, Ukraine-related, Iran, Sudan, and Syria. The bank in Russia significantly reduced the volume of assets and net profit in 2022, compared to 2021.
Ban Russian investments in customers' portfolios but Danske Bank Pleads Guilty to Fraud in Multi-Billion Dollar Scheme to Access US Banks by "high-risk customers," including Russians. Suspend operations in Russia.
Halted all transactions by sanctioned Russian Banks on their network. Suspended acceptance of cards issued by all Russian and Belarusian banks that run on the Discover Global Network, including through its partner networks. Suspended actions pursuing a Rusian branch office. (No active partners in Russia and Belarus)
DWS Group suspends investments in Russian securities
The Bank has made no new investments in Russia since 2014. In April 2022, the EBRD’s Board of Governors decided to suspend access to the Bank’s resources by Russia in response to the invasion of Ukraine. EBRD to hit record loss in 2022 due to investments in Russia and Belarus. The European Bank for Reconstruction and Development (EBRD) EBRD.UL has sold its 5.3% stake in Moscow Exchange MOEX.MM to IT company Softline.
In Armenia, 4 out of 18 banks refused to work with Unistream: Armeconombank, Ardshinbank, Converse Bank and Evokabank sent out notices to clients offering to use alternative payment channels.
Slashes Russia values to zero as firm pledges exit. Suspend trading of Russian securities. Fidelity separates Russian assets from EMEA fund via split to new sustainable portfolio.
In Kyrgyzstan, six credit institutions have announced restrictions on working with Unistream. Kompanion Bank reported that the reason was sanctions; Finca Bank stopped issuing and sending currency transfers (in dollars and euros), but kept ruble ones.
Six of the largest banks of Kyrgyzstan have announced the temporary termination of work with the Russian payment system "Unistream". In particular, the ban was introduced by Kompanion Bank, Finca Bank, RSK Bank, Capital Bank, Halyk Bank, and Bank of Asia.
Received revenues in Russia in 2021-2024, there is no any official announcement. Revenue significantly (by more than -50%) decreased in 2024 vs 2023.
Ongoing operations but limited purchasing of securities of any Russian company. This means that clients cannot open new positions in Russian securities, including their derivatives. Clients may hold their existing positions in non-sanctioned Russian securities or sell their positions. As of June 6, 2022, clients cannot open new positions (long or short) in non-sanctioned Russian securities. However, they may sell or hold their positions in non-sanctioned Russian securities. On November 7, 2024, it became known that IB was notifying Russian clients with residence permits in EU countries that their accounts would be closed within 30 days. In its letters, the broker explained this by “internal policy”. Law firm FTL Advisers linked this decision by IB to the expansion of the US sanctions list on October 30, 2024.
Account holders in the Uzbek Ipak Yuli Bank received a message from the organization asking them to provide a personal identification number for an individual, RBC writes. You can receive a document only if you have temporary registration in the country.
In Uzbekistan, "Ipoteka-bank", "Kapitalbank" and "Xalq banki" refused to work with "Unistream".
In Uzbekistan, "Ipoteka-bank", "Kapitalbank" and "Xalq banki" refused to work with "Unistream".
The Kazakhstan Stock Exchange (KASE) has decided to delist the shares of some Russian companies, including Yandex. Trading in shares of Russian companies, including Gazprom, Nornickel, LUKOIL, and Magnit, 2Sberbank, VTB and some others, was suspended on KASE as early as March 1, 2023. PJSC Moscow Exchange withdrew from the shareholders of the Kazakhstan Stock Exchange (KASE).
Suspend transactions with certain Russian banks
The Kyrgyz Keremet Bank has suspended transfers via mobile applications of a number of Russian banks, as well as via the operator of the Russian national payment system NSPK.
In Kyrgyzstan, six credit institutions have announced restrictions on working with Unistream. Kompanion Bank reported that the reason was sanctions.
The bank stopped working with "Unistream". Metalloinvest filed a lawsuit against the National Bank of Georgia due to blocking of assets.
The global transport of precious metals is dominated by security companies like Brink’s Co. and Loomis, which stopped carrying Russian bullion after the war began.
MBANK has suspended money transfers through Russian banks, including Sberbank, Tinkoff, and MTS Bank, in both directions starting August 16, 2024.
Suspended services in Russia. Suspended fees from US, Canada, and Europe to Ukraine. MoneyGram Foundation pledged grant to Ukrainian Relief Fund.
Suspended commercial operations within Russia. Moody’s unveils Russian nexus data to aid EU institutions in sanctions compliance.
Dropped St. Petersburg from Baltic cruises.
New transactions in Russia on hold. The New Development Bank, the multilateral bank set up by the BRICS states, is trying to think about ways it can fulfil its obligations to founding member Russia after it had to stop funding projects there to comply with sanctions, an executive said. The New Development Bank (NDB), created by the BRICS countries to finance investment projects and which issued $30 billion in loans over 7 years, will not invest in Russia.
Suspended trading of Russian stocks.
Promised to divest all Russian stocks in February 2022, but still hold a lot of Russian shares through their Oil Fund. Investments in Russia have never been big compared to other markets. Last year, the fund’s values in Moscow listed equities shrunk from about $2,7 billion at the start of the year down to less than $300 million (2,9 billion kroner), the list published by the banks shows. By December 31, 2022, Norway owned shares in 51 Russian listed companies, of which seven are in the petroleum and energy sector which helps Russia fuel its war economy. Norway’s government should allow its vast sovereign wealth fund to sell some of its Russian portfolio whenever possible, ending a blanket freeze from 2022 that has prevented withdrawals, the central bank that manages the fund said. The fund has been effectively barred from withdrawing Russian assets because it is prohibited from selling to counterparties subject to US or EU sanctions.
Temporarily stop the processing of all payments from and to Russia & Belarus
Oversea-Chinese Banking Corp (OCBC) will stop handling any transactions involving Russia as it moves to cut exposure to the nation hit with global sanctions.
Suspended operations in Russia. The Payoneer payment system stops working in the Russian Federation: funds can be withdrawn until mid-December.
PayPal services in Russia were suspended. PayPal to charge russians a fee for servicing inactive accounts.
Temporarily suspended its Russian equities fund ($637 million in assets). The Swiss bank Banque Pictet & Cie will cease to accept transfers in Russian rubles from November 1, 2023.
Executing government mandated sanctions. One Russian subsidiary, DLL is active, primarily leasing agricultural machinery. New activities have been discontinued by DLL.
Suspended Russian customers from accessing all of their products and services
Stop top-ups for Russian cards and block transfers to Russian institutions. A number of clients of Europe's largest digital bank Revolut have begun receiving notifications that the bank no longer accepts transfers from Russia, even through third countries such as Kazakhstan, financial adviser Natalia Smirnova reported in her blog. Violating the restrictions, as the bank itself warns, may lead to blocking or even closure of the account.
The wealth management unit will no longer take new customers holding Russian citizenship, Suspended its adisory activities in the country and relocated some of its local staff elsewhere, (Around 10 employees in Moscow office)
Six of the largest banks of Kyrgyzstan have announced the temporary termination of work with the Russian payment system "Unistream". In particular, the ban was introduced by Kompanion Bank, Finca Bank, RSK Bank, Capital Bank, Halyk Bank, and Bank of Asia.
One of the largest Georgian banks, TBC Bank, has begun to warn clients that it may close their accounts if transactions related to the circumvention of Western sanctions against the Russian Federation are detected.
Stopped their programs in Russia and Belarus (programs were not implemented also in 2014-2020). Russia will start representing Belarus' interests in the World Bank (WB) next month (since November 2024). In March 2022, at the request of the West, the WB announced the suspension of all its programs in Belarus due to the situation around Ukraine. The WB has not provided new loans to Minsk since mid-2020.
VanEck is liquidating two Russia exchange-traded funds nearly a year into Vladimir Putin’s invasion of Ukraine.
Transactions initiated with Visa cards issued in Russia will no longer work outside the country and any Visa cards issued by financial institutions outside of Russia will no longer work within the Russian Federation. The Visa payment system, which had previously left the Russian market, submitted an application to Rospatent for registration of two new trademarks. From January 1, 2025, security certificates for some Visa and Mastercard cards in the Russian Federation will no longer be valid. Representatives of the Federal Service for Intellectual Property (Rospatent) approved the application of Visa International Service Association to register the Visa trademark in Russia.
Suspended production and sales in Russia. One factory and about 3% of its sales in Russia, Ferronordic and Volvo CE have agreed to terminate the dealer agreement for Russia.
WalletConnect, a web3 startup that helps users connect integrated crypto wallets like MetaMask, has announced restrictions on access for clients in Russia. According to WalletConnect's statement, 'In light of recent legal guidance and OFAC directives, WalletConnect has restricted the availability of the WalletConnect protocol in Russia'.
Suspend operations in Russia. "The Company’s fourth quarter revenue of $1.1 billion declined 15% on a reported basis, or 6% on a constant currency basis excluding the contribution from Business Solutions, compared to the prior year period. The suspension of operations in Russia and Belarus negatively impacted revenue by approximately three percentage points."
Suspended money transfer services in Russia due to sanctions. They had previously limited daily transfers to £200. Waived over £500K fees associated with personal transfers to Ukraine. Fintech giant Wise allowed Russia sanctions target to withdraw money, U.K. government says.
In Uzbekistan, "Ipoteka-bank", "Kapitalbank" and "Xalq banki" refused to work with "Unistream". Moreover, "Xalq banki" simultaneously severed relations with all Russian payment systems: "Unistream", Contact and "Zolotaya Korona". The decision was made "in connection with the increase in the number of dubious transactions, as well as transactions that, by their characteristics, do not correspond to transfers for personal purposes".
Ziraat is one of the largest state-owned banks in Turkey with total assets of more than $110 billion. Turkish banks began blocking payments from Russia in January 2024. The “blockade” became almost total and affected all sectors - from trade to tourism. At the same time, payments in national currencies also came under attack: Turkish banks do not accept either lira or rubles from Russia. The reason was the decree of US President Joe Biden, according to which the US Treasury can introduce measures against foreign banks working with sanctioned persons from Russia or facilitating the supply of certain materials and equipment to the Russian military-industrial complex (DIC).
Still operating in Russia. UniCredit is considering leaving the Russian Federation, but with the possibility of returning after the war - Bloomberg. UniCredit Bank, a subsidiary bank of the Italian group UniCredit, in 2022 increased its net profit according to the RAS by 4 times, to 56.5 billion rubles, according to the reporting of the credit organization. It is reported that at the moment two banks — Creditas and UniCredit Bank — have confirmed that they are canceling the accounts of Russian and Belarusian citizens. According to the representative of UniCredit Bank Petr Plotsek, the bank has long been applying special rules for opening and maintaining accounts for persons from outside the EU. He emphasized that such persons, both physical and legal, must prove a reliable and justified connection with the Czech Republic, although the bank does not publish these rules due to their nature. The Italian group Unicredit, which controls the second largest foreign bank in the Russian Federation, doubled its net profit year on year in the first quarter 2024. At the same time, the group is actively reducing its loan portfolio. The Arbitration Court of St. Petersburg and the Leningrad Region seized the Russian assets and accounts of UniCredit Bank JSC and UniCredit Bank AG (Munich) based on the claim of Ruskhimalliance, it follows from the court file. Assets worth €462.6 million were seized. A Russian court eased restrictions on UniCredit, allowing the Italian bank to offer Russian sovereign bonds as collateral instead of other assets and property. UniCredit's profit from Russia-related assets rose by 20% in the first half of 2024. Italy's UniCredit reported a rise in revenue last year from its Russian business, but said it had cut loans and deposits in the country and complied with the European Central Bank's demands for reductions. Three companies based in the United Arab Emirates have approached the Italian Treasury with a proposal to buy the Russian operations of UniCredit, opens new tab at a steep discount, a document seen by Reuters showed. UniCredit is under pressure both from the European Central Bank and Italy's government to quit Russia, where it runs a commercial lender. It has so far resisted leaving at a loss, insisting instead on a gradual disengagement. This month it targeted ending its Russian retail business by mid-2026.
The company decided to stop soliciting any new business or clients. The company continue to reduce the remaining operations in Russia and expand the scope of the exit process but cautiously returned to the market for Russian government and corporate bonds and buy Russian debt. Citigroup on Friday, October 14 announced plans to shut down its institutional banking operations in Russia as Vladimir Putin’s assault on Ukraine stretches into its seventh month. Finding a buyer for Russian business proved near impossible. After exhausting all options, in August 2022 Citi started winding down both consumer and local commercial banking businesses in Russia, selling select consumer banking portfolios where possible and making sure their colleagues, clients and partners were supported during the wind down process. Continue to work with multinational clients to end nearly all institutional banking services by the end of Q1 2023. At that point, only operations in Russia will be those necessary to fulfill the remaining legal and regulatory obligations. Also, it was analized that Citibank cannot be sold due to problems with the IT system. Citibank will suspend the purchase of dollars and euros at the box office. Citibank is winding down its ATM network in Russia. American Citibank, one of the largest Western banks on the Russian market, which was in the top 20 in Russia by asset size, is winding down its operations. From November 15, 2024 the bank's Russian subsidiary will close its last operating branch that worked with retail clients. Citigroup probed by US over ties to sanctioned Russian billionaire Kerimov. Citibank, the Russian subsidiary of the American financial giant Citigroup, is taking the unprecedented step of forgiving outstanding loans for around 1,000 clients as it prepares to exit the Russian market. The bank began notifying clients via email about the forgiveness of debts, prompting questions about the strategic move as it consolidates its retreat from the region. Citibank, the Russian subsidiary of US banking giant Citigroup, will end its operations in Russia on November 1, 2025 marking the final step in its exit from the country.
Suspended new business with Russian companies. Fee waivers for Ukrainians. Continuing to support international clients in Russia. Statement condemning Russian invasion of Ukraine. Pledge of over $3.9M to UNICEF. ING Bank said it had agreed to sell its Russian business to Global Development JSC, a “Russian company owned by a Moscow-based financial investor providing factoring services.” The deal, which is subject to regulatory approval, is expected to close in the third quarter and “will result in ING ceasing operations in the Russian market,” the statement said. The buyer will acquire all shares of ING Bank (Eurasia) JSC, and the entire Russian business will be transferred to it, which will operate under a new brand.
No statements about suspending or closing business. Italian bank Intesa Sanpaolo's (ISP.MI) Russian subsidiary saw profits more than six times higher in 2022 than the year before, independent audit documents showed, as Western sanctions on Russia's banking sector gave foreign lenders an unlikely boost. Intesa closer to gaining Moscow's OK for Russia asset transfer. The largest Italian bank, Intesa Sanpaolo, has decided to close its representative office in Moscow, although it was unable to obtain permission to completely withdraw from Russia due to restrictions on the sale of assets. Banca Intesa has increased the fee for legal entities to open euro accounts tenfold.
Received revenues in Russia in 2021-2022, there is no any official announcement. Baring Vostok sold the collection agency PKB to an investor from the Russian Federation.
Wind down business in Russia. Deutsche Bank is winding down its remaining software centers in Moscow and St. Petersburg and plans to cut 500 jobs. About 500 employees of IT centers who still remain in Russia will be offered to resign within six months with severance pay. Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them. Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank. Gazprom arm seeks foreclosure on Deutsche Bank Russia businesses. Deutsche Bank and Commerzbank blocked Gazprom subsidiary's Russian lawsuits. A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. Russian court injuncts Deutsche Bank’s ICC claim against Gazprom venture.
Suspending Russian transactions at end of March 2022. Also suspended any new financing in Russia. BNP Paribas Asset Management is set to liquidate the firm’s Europe Emerging Equity fund on 3 July, following more than a year of suspension. 06.06.2024: The legal entity BNP PARIBAS TECHNOLOGIES was liquidated. Revenue decreased in 2024 vs 2023 by more than -20%.
Winding down operations in Russia. Stopped new transactions in Russia. The German Commerzbank, which is the second largest in Germany, stopped making payments to Russia. The only exception made is for its "daughter" — the credit organization "Kommertsbank (Eurasia)". Rushimalliance filed claims for 31 billion rubles against Deutsche Bank and Commerzbank. Deutsche Bank and Commerzbank blocked Gazprom subsidiary's Russian lawsuits. A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.
According to messages in the press, the company is winding down its business in Russia but cautiously returned to the market for Russian government and corporate bonds and buy Russian debt. Due to the unilateral decisions of American financial institutions, servicing of Gazprombank correspondent accounts in US dollars at JPMorgan Chase Bank and Bank of New York Mellon will be terminated. In this regard, we ask clients not to use Gazprombank for cross-border transfers in US dollars starting from January 27 inclusive. The Russian subsidiary bank of the American JP Morgan Chase, which announced the winding down of its operations in the country back in March 2022, became the largest foreign investment bank in Russia in terms of assets at the end of January–September 2023. The bank's assets overall grew more than fourfold over the past two years. A Russian court has ordered the seizure of JPMorgan Chase funds totalling $439.5mn a week after Kremlin-run lender VTB launched legal action against the largest US bank to recoup money stuck under Washington’s sanctions regime. JPMorgan Chase warns bank’s assets may be seized in Russia after $1,460,000,000 write-off. Goldman Sachs and JPMorgan in February 2025 started to offer investors ruble-linked derivatives.
Scaling down operations in Russia. Silver Wohu, Head of Marketing and Communications at SEB Estonia, said that the group is expanding its business in Russia, and the plan is to fully consolidate its business in Russia.
Winding down of business activities in Russia in response to Russia's invasion of Ukraine, including write-off and relocation-related expenses of impacted associates.
Morgan Stanley Real Estate Fund VII, which is managed by the American company Morgan Stanley, intends to sell 50% of the shopping and entertainment center "Gallery". "Gallery" is Morgan Stanley's latest asset in the real estate sector in Russia.
Allianz to sell majority stake in Russian operations to Interholding. Allianz deal to sell Russia operations initially faced delay due to regulator. German insurers Allianz and Munich Re have renewed cover for the damaged Russia-controlled Nord Stream 1 gas pipeline. Allianz has closed a deal for the sale of a controlling stake in its Russian subsidiary Alliance to Interholding, which owns Zetta Insurance. The company fully transfers control over its Russian portfolio to the Zetta Strahovanie group and ceases participation in the operational activities of the business, reports the press service of Allianz in Russia.
Suspending operations in Russia, including terminating relationships with all Russian customers. Statement condemning Russian invasion of Ukraine.
Amundi has shut its last remaining Russia equity ETF after MSCI said it would discontinue index calculation on 1 March. In a shareholder notice, Amundi said the Lyxor MSCI Russia UCITS ETF (RUS) will enter liquidation on 15 February after a portion of the global depositary receipts (GDR) in the index are set to be cancelled.
No presence and very little direct exposure in Russia. Will not engage in new business with Russian companies. Removing Europe to Ukraine transfer fees. Suspending account, card, and ATM fees for Ukrainian customers in Poland Pledge of $1.3M to Red Cross and UNHCR plus employee match donations. Warsaw previously froze the accounts of the Russian embassy: allegedly, the Polish side had suspicions that they could be used for money laundering or financing terrorism. Now Santander Bank announced the termination of cooperation with the embassy and closed the accounts.
Intention to sale a stake in Russia's largest collector. Michael Calvey and Philippe Delpal, convicted in the Baring Vostok case, left Russia. Calvey and Delpal cannot get a visa to the Russian Federation to attend the trial. The fund of American investor Michael Calvey Baring Vostok sold a majority stake in the collection agency First Client Bureau (PKB) to the structure of Russian entrepreneur Roman Kovalev. The authorities agreed on the division of the Baring Vostok business: Vostok Investments (Russian team) will buy 12 assets of the fund. But the sale of one of them - a share in Ozon - will come with a condition: it must be sold to an “unauthorized person”. The Federal Penitentiary Service has cleared the criminal record of American investor, founder of the Baring Vostok fund, Michael Calvey.
The Arbitration Court of St. Petersburg and the Leningrad Region has seized the property, money and securities of Landesbank Baden-Wurttemberg and Bayerische Landesbank. The court made this decision as interim measures against the claim of the operator of the construction of the complex in Ust-Luga, Ruskhimalyans. The Arbitration Court of St. Petersburg and the Leningrad Region satisfied the claim of Rukhimalliance to recover about 273.1 million euros from Bayerische Landesbank. The company filed a claim against the German organization for 270.5 million euros and 2.64 million euros of interest for late payment of a bank guarantee under a contract with Linde.
Kama Capital is negotiating the purchase from the Irish investment company Bergkamp Investments, part of the Irish Bank Resolution Corporation (IBRC), of the Kutuzov Tower business center with a total area of 31.9 thousand square meters in the Fili-Davydkovo district in the west of Moscow and the Q-Park logistics complex with an area of 83.5 thousand square meters near the Kazan airport.
Suspended the purchase of all Russian securities in its active and index funds. BlackRock continues to consult with regulators, index providers and other market participants to help our funds to exit their positions in Russian securities, consistent with removal of the securities from applicable underlying indexes, whenever and wherever regulatory and market conditions allow. BlackRock will continue to manage its funds as a fiduciary, taking a disciplined, pragmatic and adaptable approach to reflecting index changes, while remaining in compliance with all sanctions.
Suspended all purchases of Russian assets (clients held $18,2billion in Russian assets in January), withdrew from Russia following the Crimea invasion
Blockchain.com will stop serving Russian citizens.
Cryptopay has cut off payment services for token owners with links to Russia.
Halting operations for residents of Russian
Deribit, a crypto exchange that provides options and futures trading services, has announced the termination of its operations in the Russian Federation. The platform will cease to serve residents of the country, as well as its residents, due to European Union sanctions against the Russian Federation.
The Flowbird company announced the termination of support for the software and hardware of parking meters in Russia.
Russians have been banned from trading on Hong Kong's first official crypto exchange HashKey Exchange. Russia was on the sanctions list of the local regulator.
Suspended trade in Russia-based companies stocks. Excluding sanctioned entity debt from its fixed income indices .
Curb its activities in Russia. Slovakia's J&T Real Estate has found a buyer for its only asset in Russia, the five-star Baltschug Kempinski Hotel opposite the Kremlin in central Moscow.
The Arbitration Court of St. Petersburg and the Leningrad Region has seized the property, money and securities of Landesbank Baden-Wurttemberg and Bayerische Landesbank. The court made this decision as interim measures against the claim of the operator of the construction of the complex in Ust-Luga, Ruskhimalyans.
The largest manufacturer of cold crypto wallets Ledger announced that they would no longer supply their products to Russia.
LocalBitcoins will stop serving Russian citizens.
Suspending all products and services for all customers in Russia.
Halting cargo bookings to and from Russia until further notice