List of Russian Banks and Oil Companies Under Sanction

Europe and the U.S. are trying to hit Russia’s economy by restricting its access to Western finance, oil exploration technology and services, and arms.
Here are the 18 most important companies and individuals now subject to Western sanctions, imposed over the crisis in Ukraine:

Rosneft: Russia’s biggest oil company; part owned by BP (BP) and partner to ExxonMobil (XOM).
Has lost access to U.S. and European sources of finance. Cash rich and can still export oil. Expected to complete its purchase of Morgan Stanley (MS)’s oil trading business.

Transneft: Russia’s oil transport monopoly, operating a network of 70,000 kilometers of pipelines.

Has lost access to European finance.
Gazprom Neft: Russia’s fourth biggest oil producer and third biggest refiner, controlled by gas giant Gazprom.
Has lost access to European finance.

Novatek: Russia’s largest independent natural gas producer. Has lost access to new U.S. funding. France’s Total (TOT) is a major shareholder and partner.

Sberbank (SBRCY): Russia’s biggest bank, serving more than half the population of Russia and one million businesses. Has a joint venture with BNP Paribas (BNPQF) and millions of customers abroad. Can no longer raise medium and long-term finance in Europe.

VTB: Second biggest bank, provider of full range of financial services to clients in Russia and more than 20 countries. Shut out of European and U.S. financial markets.
Gazprombank: A key player in financing Russia’s energy sector, the mainstay of country’s economy.

Gazprom (GZPFY), which supplies Europe with about a third of its natural gas, is a major shareholder.
Bank of Moscow: Controlled by VTB, its focus is on the domestic market and it has no plans to borrow on foreign markets.
It has 9 million private customers and 100,000 corporate clients, mainly in the Moscow area.
Russian Agricultural Bank: 100% owned by the state, the bank is a major lender to farmers and Russia’s large rural population.

VEB: Arranges payments for the Russian government; chairman is Russian Prime Minister Dmitry Medvedev.
United Shipbuilding Corp: Russia’s biggest shipbuilder, it designs and constructs ships for the Russian navy.
United Aircraft Corp: Russia’s biggest planemaker, it builds MiG and Sukhoi warplanes.
Has lost access to European finance.

Kalashnikov: Russia’s largest firearms manufacturer; famous for its AK-47 rifles.
Among nine Russian arms firms that have had U.S. assets frozen and have been banned from doing business with U.S. businesses or individuals.

via CNN

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza