EU sanctions Rosselkhozbank in its 21st package, alongside more than 80 Russian banks and payment firms

Rosselkhozbank has been added to the European Union’s 21st sanctions package, ending a previous carve-out that had left the bank out of earlier measures. For high-risk payment flows, the detail that matters is simple: the bank had been involved in servicing international deals for Russian grain and agricultural exports.

1. Rosselkhozbank (RSHB) is now on the EU sanctions list. Until now, the EU had refrained from sanctioning it, despite its role in handling international transactions tied to Russian grain and agricultural product exports.
2. The new package also covers more than 80 Russian banks, including DOM.RF, Bank Saint Petersburg (BSPB), MTS Bank, Ak Bars, Uralsib, Zenit, Primorye, Metallinvestbank, Sinara Bank, Lanta-Bank, SDM-Bank, Transcapitalbank, Center-Invest Bank, Avto Finance Bank, Absolut Bank, Vb Bank, Ozon Bank, Tochka Bank, Kuban Credit, Yandex Bank, MSP Bank, Rosэксимбанк, Post Bank, Genbank, Loko-Bank, Fora-Bank, Expobank, Avers Bank, Primsocbank, Surgutneftegazbank, BBR Bank, CentroCredit, Gazenergobank, RosDorBank, Trust Bank, National Reserve Bank, Chelyabinskvestbank, Ingo Bank, Energotransbank, Solidarity Bank, Avangard Bank, Metcombank, Ekonombank, National Standard Bank, Derzhava, Modulbank, BystroBank, Khlynov Bank, Severgazbank, Renaissance Credit, Kuznetskbusinessbank, Finservice, BKS Bank, Iturup Bank, Aksept Bank, Eurofinance Mosnarbank, Investtorgbank, Mir Business Bank, PSKB, and RostFinance Bank.
3. The list also includes NKO Mobile Card and RNKO Payment Center, as well as Moscow Exchange and payment company A7 together with its subsidiaries. For PSPs and acquirers, that is the part that usually turns a sanctions headline into a practical onboarding, routing, and settlement problem.