Regulatory Alerts2025-06-30
Added · Updated
Financial Measures in Relation to Russia
All financial institutions must comply with new financial measures effective 1 July 2025, which prohibit dealing with, or undertaking financial transactions for, Designated Banks (including VTB Bank, Vnesheconombank, Promsvyazbank, and Bank Rossiya) and Designated Entities, and require freezing of their assets. The measures also prohibit financial transactions or assistance related to the export, transhipment, or transit to Russia of specific military and dual-use goods, and the raising of new funds for the Russian government or its Central Bank through securities issued on or after 14 March 2022 or new loans made on or after 1 July 2025. Additionally, financial institutions are prohibited from engaging in financial transactions or services concerning specific sectors (transport, telecommunications, energy, prospecting, exploration, and production of oil, gas, and mineral resources) in Donetsk or Luhansk, and from facilitating digital payment token transactions that support any of these prohibited activities. Financial institutions are required to immediately inform the Authority of any prohibited transactions or possession of assets owned by Designated Banks or Entities.
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