Sanctions
Placed upon the parent banks of Post Bank (Russia) are sanctions to the VTB Group and its subsidiaries. These sanctions also apply to Post Bank (Russia) upon its formation in 2016.
July 29, 2014: the Office of Foreign Assets Control (OFAC) published that “the VTB Group”, VTB Bank OAO, which is the second-largest bank in Russia, together with its subsidiaries, the Bank of Moscow through its parent bank, VTB Bank OAO, VTB24, and other entities under its ownership have been added to the Specially Designated Nationals List (SDN).[19][20][21][22][23][24][25][26] This freezes the assets in the United States of VTB, VTB Global, Bank of Moscow, and other entities; and blocks any United States citizen or entities from conducting business with VTB, VTB Global, Bank of Moscow, and other entities.
July 31, 2014: VTB was added to the European Union sanctions list due to its role in the annexation of Crimea by the Russian Federation.[27] VTB assets and its subsidiaries in the EU have to be frozen.
August 27, 2014: VTB Bank, VTB24, and VTB Group and their subsidiaries as well as all Russian financial institutions are under sanctions in Switzerland because of Russian interference in Ukraine.[28]
December 22, 2015: United States imposed additional sanctions on VTB Bank and its subsidiaries.[22][26][29][30][31] In November 2023 the Post 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.[32]
March 15, 2017: Ukraine imposed sanctions against VTB Bank and subsidiaries because of the ongoing Russian interference in Ukraine.[33][34]
