Putin approves list of banks for which share transactions by 'unfriendly' nonresidents need special permission

MOSCOW. Oct 26 (Interfax) - Russian President Vladimir Putin has approved a list of Russian lending institutions concerning which transactions with participatory stakes and shares, as well as with contributions to authorized capital, is prohibited.

The relevant order is published on the official Internet portal of legal information and takes immediate effect.

The list contains 45 positions in total, including subsidiaries of the main foreign players in the Russian banking market, as well as entities controlled by IT and e-commerce leaders such as Yandex , VK and Ozon .

The list of banks was approved in the framework of a presidential decree of August 5, 2022, No. 520 "On special economic measures in the finance and fuel and energy sectors in connection with the unfriendly actions of certain foreign states and international organizations." The decree directly bans non-residents from countries unfriendly to Russia from exiting assets at least until the end of 2022, and the ban can be extended repeatedly. An exception can be made and transactions carried out with the president's special permission.

The list of lending institutions includes: JSCB Alef Bank, Bereit, Intesa, Credit Suisse, Investment Cooperative Bank, Commerzbank (Eurasia), Citibank, Mizuho Bank, MC Bank Rus, Natixis Bank, OTP Bank, First Investment Bank, Raiffeisenbank, RN Bank, Solid Bank, Sumitomo Mitsui Rus Bank, SEB Bank, Toyota Bank, Woori Bank, MUFG Bank (Eurasia), UniCredit Bank, Yandex Bank, Gazneftbank, BNP Paribas Bank, J&T Bank, Deutsche Bank, ING Bank (Eurasia), J.P. Morgan Bank International, Credit Agricole, Mercedes-Benz Bank Rus, American Express Bank, BMW Bank, Goldman Sachs Bank, Ekom Bank, Ikano Bank, KEB HNB Bank, NPO Western Union DP Vostok, NPO PayPal RU, Ozon Bank, Volkswagen Bank Rus, UBS Bank, Russian Regional Bank, RNKO Money.Mail.Ru, HSBC Bank (RR) and SBI Bank.