Russian Regional Development Bank

Last updated
Russian Regional Development Bank Russian Regional Development Bank.gif
Russian Regional Development Bank

The Russian Regional Development Bank is a Russian bank founded on 27 March 1996 in a form of PJSC. The RRDB offers a general variety of bank services. [1]

Contents

History

The RRDB was founded by Rosneft on 27 March 1996. [2]

In early 2020, the RRDB came to attention for its facilitation of the Vedomosti ownership transaction, [2] and correlative appointment of editor-in-chief Andrei Shmarov, a person known for his affinities to Vladimir Putin and to RRDB parent Rosneft. [3]

Sanctions

Sanctioned by Canada on 22 August 2023 for association with the Putin regime. [4]

In November 2023 the bank was sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) under E.O. 14024 for operating or having operated in the financial services sector of the Russian Federation economy. [5]

Official website

Related Research Articles

<span class="mw-page-title-main">Sberbank</span> Russian bank

PJSC Sberbank is a Russian majority state-owned banking and financial services company headquartered in Moscow. It was called Sberbank of Russia until 2015. Sberbank has operations in several European nations, primarily post-Soviet countries.

Vedomosti is a Russian-language business daily newspaper published in Moscow.

<span class="mw-page-title-main">Rosneft</span> Russian energy company headquartered in Moscow

PJSC Rosneft Oil Company is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and petroleum products. The company is controlled by the Russian government through the Rosneftegaz holding company. Its name is a portmanteau of the Russian words Rossiyskaya neft.

<span class="mw-page-title-main">Herman Gref</span> Russian economist (born 1964)

Herman Oskarovich Gref is a Russian politician and businessman. He was the Minister of Economics and Trade of Russia from May 2000 to September 2007. He has the federal state civilian service rank of 1st class Active State Councillor of the Russian Federation.

<span class="mw-page-title-main">Transneft</span> Russian oil and gas company

Joint Stock Company Transneft is a state-controlled pipeline transport company headquartered in Moscow, Russia. It is the largest oil pipeline company in the world. Transneft is operating over 70,000 kilometres (43,000 mi) of trunk pipelines and transports about 80% of oil and 30% of oil products produced in Russia. The company is led by Nikolay Tokarev.

<span class="mw-page-title-main">Sistema</span> Russian conglomerate company

AFK Sistema PAO is a large Russian conglomerate company, founded by Vladimir Yevtushenkov, who was chairman of the corporation's board of directors until 2022. In April, Yevtushenkov's shareholding in Sistema has decreased to 49.2%, and he also stepped down from Sistema's board.

The Rossiya Bank is a Russian joint stock bank founded on June 27, 1990. The company's headquarters are in Saint Petersburg.

<span class="mw-page-title-main">Alexey Kuzmichev</span> Russian businessman

Alexey Viktorovich Kuzmichev or Kousmichoff is a Russian businessman. He is one of the founders of the LetterOne Group (LetterOne) and the Alfa Group.

Yury Valentinovich Kovalchuk is a Russian billionaire businessman and financier who is "reputed to be Vladimir Putin's personal banker". The Panama Papers leak revealed that Kovalchuk had transferred at least $1 billion to an offshore entity.

<span class="mw-page-title-main">Igor Sechin</span> Russian oligarch (born 1960)

Igor Ivanovich Sechin is a Russian oligarch and a government official, considered a close ally and "de facto deputy" of Vladimir Putin.

Gazprombank, or GPB (JSC), is a private-owned Russian bank, the third largest bank in the country by assets. Since November 2014, Yuri Shamalov's Gazfond is its largest shareholder. Gazprombank is one of the main channels for payments for Russian oil and gas.

<span class="mw-page-title-main">Sergey Chemezov</span> Russian politician

Sergey Viktorovich Chemezov is the CEO of Rostec Corporation, a state-owned defense conglomorate. A former KGB agent and high-ranking general, Chemezov befriended Vladimir Putin when both were stationed in East Germany in the 1980s. Chemezov enriched himself when Putin became President of Russia. In 2007, Putin appointed him as CEO of Rostec.

<span class="mw-page-title-main">Gennady Timchenko</span> Russian billionaire businessman

Gennady Nikolayevich Timchenko is a Russian oligarch and billionaire businessman. He founded and owns the private investment firm Volga Group. He was previously a co-owner of Gunvor Group.

Rosbank is a Russian universal bank. In October 2020, Rosbank ranked 11th among Russian banks in terms of assets. According to Forbes Russia, Rosbank was the third most reliable Russian bank in 2021.

<span class="mw-page-title-main">VEB.RF</span> Russian investment corporation

VEB.RF, or VEB, is a Russian state development corporation. It was founded in 2007 as a development institute. VEB.RF is an investment company and development institute in Russia. It has financed more than 300 projects. The corporation's total assets were $50.3 billion, total liabilities were $45.2 billion, loan portfolio is $31.3 billion.

International sanctions have been imposed against Russia and Crimea during the Russo-Ukrainian War by a large number of countries, including the United States, Canada, the European Union, and international organisations following the Russian annexation of Crimea, which began in late February 2014. Belarus has also been sanctioned for its cooperation with and assistance to Russian armed forces. The sanctions were imposed against individuals, businesses, and officials from Russia and Ukraine. Russia responded with sanctions against several countries, including a total ban on food imports from Australia, Canada, Norway, Japan, the United States, the EU and the United Kingdom.

<span class="mw-page-title-main">Promsvyazbank</span> Russian bank

Promsvyazbank PJSC is a state-owned, formerly private Russian bank from Moscow. It was owned by oligarchs Dmitry Ananyev and his brother Alexei Ananyev. As of 2012, it was the 10th-largest bank in Russia by assets.

Didier Casimiro is a Russian government official, considered a close ally and "de facto deputy" of Igor Sechin. He is the chief executive officer, First Vice President of Rosneft, the Russian state oil company. His nickname is Hollywood-Style Trader.

<span class="mw-page-title-main">United States and the Russian invasion of Ukraine</span> Response of USA to 2022 Russia-Ukraine War

The response of the United States to the ongoing Russian invasion of Ukraine that began in 2022 has been in favor of Ukraine. President Biden condemned the invasion, providing military and humanitarian aid to Ukraine, and sanctioning Russia and Belarus, the countries heavily involved in invading Ukraine.

<span class="mw-page-title-main">Demian Kudryavtsev</span> Russian media manager and entrepreneur

Demyan Kudryavtsev is a Russian media manager and entrepreneur; formerly a close associate of Boris Berezovsky, a general manager at Kommersant publishing house, and an owner of Vedomosti newspaper.

References

  1. "Russian Regional Development Bank OAO". Bloomberg. Retrieved 16 June 2020.
  2. 1 2 "Sale of top Russian business newspaper 'Vedomosti' complete". Meduza. 29 May 2020.
  3. "Vedomosti Sale Put on Hold After Censorship Backlash". Russia Business Today. 1 May 2020.
  4. "Russian entities from the military-industrial, financial and nuclear sectors Country: Russia". 23 August 2023.
  5. "Treasury Hardens Sanctions With 130 New Russian Evasion and Military-Industrial Targets". 2 November 2023.