Russian Regional Development Bank
{{redirect|RRDB|the video game|Rusty's Real Deal Baseball}}
{{Infobox company
| name = Russian Regional Development Bank
| logo = Russian Regional Development Bank.gif
| logo_caption = Russian Regional Development Bank logo
| logo_alt =
| type = Open joint-stock company (PJSC)
| industry = Financial services
| founded = {{Start date and age|1996|03|27}}
| founder = Russian government
| hq_location_city = Moscow
| hq_location_country = Russia
| key_people =
| products = Development loans
| owner = Russian government
| num_employees =
| num_employees_year =
| parent =
| website = {{URL|https://www.vbrr.ru/}}
}}
The Russian Regional Development Bank is a Russian development bank founded on 27 March 1996 in a form of PJSC. The RRDB offers a general variety of banking services.{{cite web |title=Russian Regional Development Bank OAO |url=https://www.bloomberg.com/profile/company/VBRR:RU |publisher=Bloomberg |accessdate=16 June 2020}}
History
The RRDB was founded by Rosneft on 27 March 1996.{{cite news |title=Sale of top Russian business newspaper ‘Vedomosti’ complete |url=https://meduza.io/en/news/2020/05/29/sale-of-top-russian-business-newspaper-vedomosti-complete |publisher=Meduza |date=29 May 2020}}
In early 2020, the RRDB came to attention for its facilitation of the Vedomosti ownership transaction, and correlative appointment of editor-in-chief Andrei Shmarov, a person known for his affinities to Vladimir Putin and to RRDB parent Rosneft.{{cite news |title=Vedomosti Sale Put on Hold After Censorship Backlash |url=https://russiabusinesstoday.com/economy/vedomosti-sale-put-on-hold-after-censorship-backlash/ |publisher=Russia Business Today |date=1 May 2020}}
= Sanctions =
The bank was sanctioned by Canada on 22 August 2023 for association with the Putin regime.{{cite web |title=Russian entities from the military-industrial, financial and nuclear sectors Country: Russia |url=https://www.international.gc.ca/world-monde/issues_development-enjeux_developpement/response_conflict-reponse_conflits/crisis-crises/ukraine-sanctions.aspx?lang=eng |date=23 August 2023}}
In November 2023 the 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.{{cite web |title=Treasury Hardens Sanctions With 130 New Russian Evasion and Military-Industrial Targets |url=https://home.treasury.gov/news/press-releases/jy1871 |date=2 November 2023}}
References
{{reflist}}
External links
[https://www.vbrr.ru/ Official website]