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.