Where can I verify this record?

The authoritative record is published by UK Foreign, Commonwealth & Development Office at https://sanctionslist.fcdo.gov.uk/docs/UK-Sanctions-List.xml. Kleerance indexes this data for search and audit purposes but is not the primary source.

UK-HMTorganizationThe Russia (Sanctions) (EU Exit) Regulations 2019Asset freezeTrust Services Sanctions

Is Black Sea Bank for Development and Reconstruction on a sanctions list?

Q: Is Black Sea Bank for Development and Reconstruction on a sanctions list?

Yes. Black Sea Bank for Development and Reconstruction is currently indexed by Kleerance as appearing on the UK Sanctions List published by UK Foreign, Commonwealth & Development Office. Always verify against the official primary source before taking action.

Yes. Black Sea Bank for Development and Reconstruction appears on the UK Sanctions List maintained by UK Foreign, Commonwealth & Development Office (UK). Listed on 2/22/2022.

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Remarks

JOINT STOCK COMPANY “BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION” hereafter, JSC “BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION” is a Crimean bank that was created immediately after the illegal annexation of Crimea in 2014. It has capitalised on the sector’s fear of Western sanctions and the lack of banks in Crimea. By operating in Crimea, JSC “BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION” has consolidated Crimea into the Russian Federation through the financial system. The trust services sanctions were imposed on 21/03/2023. — Other suspected locations: 22 regional offices in Crimea. 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.

Aliases (4)

Black Sea Bank Development and Reconstruction·akaBlack Sea Bank of Development and Reconstruction·akaJoint Stock Company Black Sea Bank for Development and Reconstruction·akaАкционерное Общество Черноморский Банк Развития и Реконструкции·alt

Addresses

Bil’shovyts’ka Street, 24 Simferopol, Crimea, Ukraine

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 Black Sea Bank for Development and Reconstruction 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 2/22/2022.
Where can I verify this record?: Directly at the publishing authority: https://sanctionslist.fcdo.gov.uk/docs/UK-Sanctions-List.xml.