JOINT STOCK COMPANY ALFA-BANK

Russia; Russia

Kalanchevskaya Street 27, Moscow, 107078, Russia; 27, Kalanchyovskaya Ul., Moscow, 107078, Russia

1027700067328, Registration Number; 7728168971, Tax ID No.

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took major steps to degrade the economy of the Russian Federation in response to Russia’s continued brutal war against Ukraine and atrocities against Ukrainian citizens. Treasury is imposing full blocking sanctions on Sberbank, Russia’s largest state-owned bank, and Alfa-Bank, Russia’s largest private bank. OFAC is imposing full blocking restrictions on Joint Stock Company Alfa-Bank (Alfa-Bank), Russia’s largest privately owned financial institution and Russia’s fourth-largest financial institution overall. On February 24, 2022, OFAC identified Alfa-Bank as subject to prohibitions pursuant to Directive 3 under E.O. 14024, “Prohibitions Related to New Debt and Equity of Certain Russia-related Entities” (the “Russia-related Entities Directive”) for operating or having operated in the financial services sector of the Russian Federation economy. Today, OFAC is expanding previous sanctions by designating Alfa-Bank pursuant to E.O. 14024 for operating or having operated in the financial services sector of the Russian Federation economy. All entities owned 50 percent or more, directly or indirectly, by Alfa-Bank are subject to blocking under E.O. 14024, even if not designated by OFAC. Joint Stock Company Alfa-Bank is a distinct entity from Alfa-Bank (Ukraine), which has not been sanctioned.

US

https://home.treasury.gov/news/press-releases/jy0705

2022-04-06

US

Executive Order 13662 of March 20, 2014 Blocking Property of Additional Persons Contributing to the Situation in Ukraine

OFAC country specific

Russia

Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1576

E.O. 13662. On March 20, 2014, the President, invoking the authority of, inter alia, IEEPA, issued E.O. 13662. In E.O. 13662, the President expanded the scope of the national emergency declared in E.O. 13660 and expanded by E.O. 13661, finding that the actions and policies of the Government of the Russian Federation, including its purported annexation of Crimea and its use of force in Ukraine, continue to undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, and thereby constitute an unusual and extraordinary threat to the national security and foreign policy of the United States. Section 1(a) of E.O. 13662 blocks, with certain exceptions, all property and interests in property that are in the United States, that come within the United States, or that are or come within the possession or control of any United States person, of any person determined by the Secretary of the Treasury, in consultation with the Secretary of State to, among other things, operate in such sectors of the Russian Federation economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State, such as financial services, energy, metals and mining, engineering, and defense and related materiel.

SSI / SDN