JOINT-STOCK COMPANY RUSSIAN AGRICULTURAL BANK

It is one of the largest state-owned financial institutions in the russian federation and a specialized bank whose activities are primarily focused on serving the russian federation’s agro-industrial complex.
"Rosselkhozbank" maintains/maintained accounts for russian companies involved in the production of weapons and military equipment used by the russian federation in the war against Ukraine, in particular, "PEMZ 'MOLOT'" JSC, which supplies components for ballistic and cruise missiles, as well as guided aerial bombs.
The bank is used in the russian federation’s foreign trade settlements with other countries to circumvent applicable sanctions, in particular through the cross-border payment system with China. The bank is considering connecting to the Chinese interbank payment system CIPS as an indirect participant, as an alternative to SWIFT. Within the russian federation, the bank has launched an alternative platform, RusAgConnect, which allows it to circumvent SWIFT restrictions. The system supports multi-currency settlements, domestic clearing, and integration with the Chinese CIPS via intermediary banks.
"Rosselkhozbank" issues and services payment cards under the "Mir" payment system to ensure the disbursement of monetary allowances and to facilitate payments for the purchase of food supplies for military personnel and employees of the russian federation’s security forces.