Portal News

War Finances

Total number:
15
Legal entities
Updated: 21.09.2026
The russian financial sector is one of the key components of the russian federation’s capacity to wage war against Ukraine. Russian banks serve enterprises of the military-industrial complex (MIC), provide financial support for state defense contracts, disburse pay and bonuses to servicemen of the russian armed forces, operate in the temporarily occupied territories of Ukraine.
Banks and other financial institutions in the russian federation are directly involved in the creation and development of a parallel payment infrastructure (including the use of virtual assets) for conducting cross-border payments – particularly in the interests of the russian military-industrial complex – by engaging entities from “friendly” jurisdictions to bypass the traditional financial system.
Priority actions for the international community
  • synchronize sanctions against the russian financial sector and infrastructure
  • restrict cooperation with Russian financial institutions subject to sanctions and impose secondary sanctions and other penalties on violators
Measures for banks and financial institutions
  • review and strengthen internal compliance procedures and KYC procedures to identify direct and indirect links between customers/counterparties and correspondent banks and the Russian military-industrial complex (MIC) and law enforcement agencies, as well as activities in the temporarily occupied territories of Ukraine
  • prevent financial transactions from being conducted in the interests of the Russian military-industrial complex and in circumvention of the applicable restrictions
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Total: 15
JOINT STOCK COMPANY BANK AVERS
Name
JOINT STOCK COMPANY BANK AVERS
SWIFT
BKAVRU2KXXX (Disconnected)
Sanctions
EU, Switzerland, UK
A major regional financial institution in the Republic of Tatarstan. It is part of the "TAIF" financial and industrial group and serves as a clearing center for its industrial, petrochemical, and other enterprises.
The bank provides settlement services and loans to major taxpayers, such as the "TAIF-NK" oil refinery, the brick factories of "KZSSM" LLC, "Keramika-Sintez" LLC, and the construction company "TAIF-ST," thereby ensuring a stable inflow of funds into the state and regional budgets through significant tax payments from its corporate clients and creating a financial foundation for funding military expenditures.
The bank’s clients include Russian companies subject to sanctions, in particular, the manufacturer of rubber and other petrochemical products, "Nizhnekamskneftekhim" PJSC.
The institution uses internal closed payment circuits and the russian Central Bank’s alternative Financial Message Transmission System to circumvent sanctions restrictions.
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JOINT-STOCK COMMERCIAL BANK AK BARS (PUBLIC JOINT-STOCK COMPANY)
Name
JOINT-STOCK COMMERCIAL BANK AK BARS (PUBLIC JOINT-STOCK COMPANY)
SWIFT
ARRSRU2KXXX (Disconnected)
Sanctions
EU, Switzerland, UK, USA
The bank is a leading financial institution in the Republic of Tatarstan, providing stable financing and payment services to the region’s industrial sector. The bank serves as a key financial partner for the sanctioned United Industrial Corporation "Ak Bars" and its subsidiary assets. "Ak Bars" includes, in particular, the O.M. Gorky Zelenodolsk Shipyard, which designs and builds missile ships of "Buyan-M" project for the russian navy.
The bank uses internal, closed payment channels and the russian Central Bank’s Financial Message Transmission System to circumvent sanctions restrictions.
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LIMITED LIABILITY COMPANY BLANC BANK
Name
LIMITED LIABILITY COMPANY BLANC BANK
SWIFT
VSTARUMMXXX (Disconnected)
Sanctions
EU, Switzerland, USA
"Blanc Bank" LLC is a specialized bank for fintech settlements used to conduct cross-border transfers by businesses that supply microelectronics and components to defense industry contractors.
"Blanc Bank" LLC ensures the rapid opening of settlement accounts for small supplier companies involved in fulfilling defense industry subcontracts.
"Blanc Bank" LLC participates in processing payments in alternative national currencies to minimize the traceability of settlements for imports of dual-use goods.
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