Is Bank Otkritie Financial Corporation PJSC on a sanctions list?
Yes. Bank Otkritie Financial Corporation PJSC appears on the UK Sanctions List maintained by UK Foreign, Commonwealth & Development Office (UK). Listed on 2/28/2022.
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. — 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.
- Street Letnikovskaya Stroenie 4, Building 2, Moscow, 115114, Russia
What does inclusion on UK-HMT mean?
Inclusion on the UK Sanctions List, published by the FCDO and enforced by OFSI, means UK persons are required to freeze the listed party's assets and refrain from making funds or economic resources available, under the Sanctions and Anti-Money Laundering Act 2018.
This explainer is informational only, is not legal advice, and does not describe the full scope of any restriction. Always verify against the primary source and consult qualified counsel.
Frequently asked
- Is Bank Otkritie Financial Corporation PJSC on a sanctions list?
- Yes — indexed by Kleerance as appearing on the UK Sanctions List published by UK Foreign, Commonwealth & Development Office. Always confirm against the primary source before acting.
- How current is this record?
- Kleerance re-checks the source every six hours. This page reflects the most recent ingested version of the list. The publishing authority's listing date on record is 2/28/2022.
- Where can I verify this record?
- Directly at the publishing authority: https://sanctionslist.fcdo.gov.uk/docs/UK-Sanctions-List.xml.