Russian Regional Development Bank

The Russian Regional Development Bank is a Russian development bank founded on 27 March 1996 in a form of PJSC.

The RRDB offers a general variety of banking services.

[2] In early 2020, the RRDB came to attention for its facilitation of the Vedomosti ownership transaction,[2] and correlative appointment of editor-in-chief Andrei Shmarov, a person known for his affinities to Vladimir Putin and to RRDB parent Rosneft.

[3] The bank was sanctioned by Canada on 22 August 2023 for association with the Putin regime.

[4] In November 2023 the bank was sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) under E.O.