--- title: "State Development Corporation Veb.rf SWIFT/BIC code BFEARUMMXXX · Russia | Elucidate" description: "On the OFAC SDN list. SWIFT/BIC code BFEARUMMXXX for State Development Corporation Veb.rf, Russia. Head-office BIC, LEI 25340076UP17XECUF417." url: https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm --- 1. [Directory](https://elucidate.co/directory) 2. [Russia](https://elucidate.co/directory/country/ru) 3. State Development Corporation Veb.rf Russia · Financial institution # State Development Corporation Veb.rf Legal name in the LEI record государственная корпорация развития "ВЭБ.РФ" VEB.RF is a Russian state development corporation. It operates under a dedicated federal law and has its seat in Moscow. It works with commercial banks to finance infrastructure, industrial and urban projects. It also supports exports and acts as an agent of the Government of Russia. It was created in 2007 by reorganising Vnesheconombank of the USSR and was converted into VEB.RF in 2018. It appears on the OFAC SDN list, the UK sanctions list and the EU asset-freeze list. Sanctions listings OFAC · SDN list Ukraine · Russia [See the listings ↓](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#sanctions) BIC **BFEARUMMXXX** LEI **[25340076UP17XECUF417](https://search.gleif.org/#/record/25340076UP17XECUF417)** Licence no. **Not on a tracked register** [On the OFAC SDN list](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#sanctions) [Country under broad sanctions · Russia](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#country-sanctions) Connected to Swift Head-office BIC only [**1** correspondent account](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#correspondents) [Group: State Development Corporation "veb.rf"](https://elucidate.co/directory/group/25340076UP17XECUF417) [Claim this profile](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#claim) ## Sanctions ### OFAC · United States On the SDN list since 2018-08-15 - **Listed as:** STATE CORPORATION BANK FOR DEVELOPMENT AND FOREIGN ECONOMIC AFFAIRS VNESHECONOMBANK - **Lists:** Specially Designated Nationals (SDN) list · Consolidated non-SDN lists - **Sanctions programmes:** UKRAINE-EO13662 RUSSIA-EO14024 - **BIC cited:** BFEARUMM - **Designated:** SDN 2018-08-15 · Non-SDN 2014-07-16 - **OFAC record:** [Entry 17015 on OFAC ↗](https://sanctionssearch.ofac.treas.gov/Details.aspx?id=17015) ### United Kingdom Found by research, not by our list matching · listed 2022-02-28 - **Listing:** UK Sanctions List Ref RUS0253; Group ID 14198; The Russia (Sanctions) (EU Exit) Regulations 2019 - **Check it:** [The official list ↗](https://www.gov.uk/government/publications/the-uk-sanctions-list) ### EU Found by research, not by our list matching · listed 2022-02-23 - **Listing:** Council Regulation (EU) No 269/2014, Annex I (added by Council Implementing Regulation (EU) 2022/260) - **Check it:** [The official list ↗](https://www.sanctionsmap.eu/) ### Country · Russia These programmes apply at country level - **OFAC · United States:** Broad financial-sector sanctions - Russia harmful foreign activities (EO 14024) RUSSIA-EO14024 · 6,442 listings - Russian sectoral sanctions (EO 13662) UKRAINE-EO13662 · 822 listings - Ukraine-/Russia-related (EO 13661) UKRAINE-EO13661 · 196 listings - CAATSA (Russia) CAATSA - RUSSIA · 82 listings - **EU:** Broad financial-sector sanctions - Russia · actions against Ukraine UKR · 2,960 listings - Russia · destabilising activities RUSDA · 86 listings - Russia · human rights RUS · 73 listings ## Licences and registrations Matched by LEI on the 22 tracked registers None matched by LEI in the 22 tracked registers. - The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked. ## Bank of Russia directory 1 BIK code directory of 2026-09-27 | BIK | Participant | Licence number | Swift BIC | Restrictions | | --- | --- | --- | --- | --- | | 044525060 | ВЭБ.РФCredit institution | 964 | BFEARUMMXXX | — | The Bank of Russia records no restriction on these participants. The directory lists current participants only. ## Swift network Swift’s ISO 9362 BIC directory - **BIC:** BFEARUMMXXX head office - **Connection to Swift:** Connected to Swift - **Swift GPI:** Not on the member list - **Payment schemes and systems:** No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC - **Branch codes:** None: head-office BIC only - **BIC first registered:** 1992-09-07 - **Last updated:** 2024-02-16 ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#overview-sources) ![Vneshekonombank](https://elucidate.co/images/banks/44/4430cfc8cd0639a5.webp) Photo: A.Savin · [CC BY-SA 3.0](https://creativecommons.org/licenses/by-sa/3.0) · [Wikimedia Commons](https://commons.wikimedia.org/wiki/File:Vneshekonombank.jpg) · [original](https://thumb.wikimedia.org/wikipedia/commons/thumb/a/a3/Vneshekonombank.jpg/960px-Vneshekonombank.jpg?utm_source=commons.wikimedia.org&utm_campaign=imageinfo&utm_content=thumbnail) Total assets RUB 9.16tn Group · 30 Jun 2026 · [interim report ↗](https://ria.ru/20260828/veb-2113920979.html) Employees Not published Ownership State-owned Institution type Development bank Trades as VEB.RF - **Standing:** The entity was created on 8 June 2007 when Vnesheconombank of the USSR was reorganised as the State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank). It was converted into State Development Corporation VEB.RF in 2018. The registered and head office is now at Vozdvizhenka Street 10, Moscow. The Swift directory address on Akademika Sakharova Avenue is a former address. - **Ownership:** VEB.RF is a state corporation with no shareholders. Its charter capital consists of property contributed by the Russian Federation, and the Government of Russia appoints its Supervisory Board. - **Ultimate owner:** Russian Federation, Russia - **Head office:** ul. Vozdvizhenka, d. 10, 125009 Moscow, Russia - **Company register:** OGRN 1077711000102 (INN 7750004150) - **Name in the local language:** Государственная корпорация развития «ВЭБ.РФ» - **Former names:** State Corporation "Bank for Development and Foreign Economic Affairs (Vnesheconombank)" · Bank for Foreign Economic Affairs of the USSR (Vnesheconombank of the USSR) ### Business lines - Development finance - Trade finance - Asset management - Custody & securities services - Other VEB.RF finances large projects through its 'Project Finance Factory' syndication mechanism and supports exports. It acts as an agent of the Government of Russia, including for state external debt and guarantees, and manages pension savings as the state trust management company. ### Online - **Websites & references:** [veb.ru ↗](https://veb.ru/) [xn--90ab5f.xn--p1ai ↗](https://xn--90ab5f.xn--p1ai/) Cyrillic domain of the main website [pensiya.veb.ru ↗](https://pensiya.veb.ru/) pension savings portal (state trust management company) [Wikipedia ↗](https://en.wikipedia.org/wiki/VEB.RF) [Wikidata Q670084 ↗](https://www.wikidata.org/wiki/Q670084) - **Official social accounts:** [VK ↗](https://vk.com/vebrf) · [Odnoklassniki ↗](https://ok.ru/vebrf) · [Telegram ↗](https://t.me/razvivaemrf) · [Rutube ↗](https://rutube.ru/channel/23870435/) · [Dzen ↗](https://dzen.ru/vebrf) · [Max ↗](https://max.ru/vebrf) Sources · 12 pages consulted 1. [veb.ru/](https://veb.ru/) 2. [veb.ru/o-banke/](http://www.veb.ru/o-banke/) 3. [veb.ru/biznesu/kliyentam/](http://www.veb.ru/biznesu/kliyentam/) 4. [veb.ru/biznesu/kliyentam/finansovye-instituty](http://www.veb.ru/biznesu/kliyentam/finansovye-instituty) 5. [assets.publishing.service.gov.uk/media/658057fa95bf65000d719226/Notice\_Russia\_151223.pdf](https://assets.publishing.service.gov.uk/media/658057fa95bf65000d719226/Notice_Russia_151223.pdf) 6. [eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX%3A32022R0260](https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX%3A32022R0260) 7. [ofac.treasury.gov/recent-actions/20220222](https://ofac.treasury.gov/recent-actions/20220222) 8. [ria.ru/20260828/veb-2113920979.html](https://ria.ru/20260828/veb-2113920979.html) 9. [1prime.ru/20260828/veb-872783919.html](https://1prime.ru/20260828/veb-872783919.html) 10. [asros.ru/news/members/gruppa-veb-rf-po-itogam-2025-goda-poluchila-chistuyu-pribyl-v-razmere-89-4-m](https://asros.ru/news/members/gruppa-veb-rf-po-itogam-2025-goda-poluchila-chistuyu-pribyl-v-razmere-89-4-mlrd-rubley/) 11. [twobirds.com/-/media/new-website-content/insights/pdfs/eu-and-uk-sanctions\_russia-and-belarus\_status\_2](https://www.twobirds.com/-/media/new-website-content/insights/pdfs/eu-and-uk-sanctions_russia-and-belarus_status_24april-2026---changes-since-24-october-2025-in-yellow.pdf) 12. [en.wikipedia.org/wiki/VEB.RF](https://en.wikipedia.org/wiki/VEB.RF) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#overview-sources) - **Chief executive:** Igor Shuvalov Chairman of VEB.RF (sole executive body) Confirmed 29 Sep 2026 · [veb.ru ↗](http://www.veb.ru/biznesu/kliyentam/) - **Chair:** Dmitry Grigorenko Chairman of the Supervisory Board (Deputy Prime Minister and Chief of the Government Staff) Confirmed 29 Sep 2026 · [veb.ru ↗](http://www.veb.ru/o-banke/) ## Supervisors & regulators Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#overview-sources) - **Russia:** Central Bank of the Russian Federation (Bank of Russia) Central bank Securities ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#overview-sources) 1. Jun 2026 Merger / acquisition VEB.RF brought the State Transport Leasing Company (GTLK) into its group in the first half of 2026. [ria.ru ↗](https://ria.ru/20260828/veb-2113920979.html) 2. Dec 2023 Other The UK government added a prohibition on correspondent banking relationships to VEB.RF's existing UK asset-freeze designation. [assets.publishing.service.gov.uk ↗](https://assets.publishing.service.gov.uk/media/658057fa95bf65000d719226/Notice_Russia_151223.pdf) Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source. ## Identifiers Head-office record - **BIC:** BFEARUMMXXX - **How the BIC breaks down:** 1. BFEA Bank 2. RU Country · Russia 3. MM Location 4. XXX Branch · head office - **Branch description:** Not recorded in the directory - **LEI:** 25340076UP17XECUF417 - **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/25340076UP17XECUF417) - **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file. - **National bank code:** [БИК (BIK) 044525060](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#bank-codes) ## Profile - **Type:** Financial institution - **Regulation:** Not on a tracked register - **Register licences:** None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked. - **Country · region:** Russia · Europe & Central Asia - **Trading venues (MIC):** No MIC registered under this LEI list of 2026-09-17 - **OFAC sanctions:** [On the SDN list](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#sanctions) since 2018-08-15 - **EU sanctions:** No listing matched this BIC or its LEI - **Other sanctions lists:** [UK · EU](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#sanctions) - **Country sanctions:** [Broad financial-sector sanctions](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#country-sanctions) - **Founded:** 1987 Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet. No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated. ## Ownership and group GLEIF relationship records The State Development Corporation "veb.rf" group has 3 institutions in the directory, in 2 countries: all hold a BIC. Including [Belvnesheconombank Open Joint Stock Company (Bank Belveb OJSC)](https://elucidate.co/directory/belvnesheconombank-open-joint-stock-company-bank-belveb-ojsc-belbby2x), [Eximbank of Russia](https://elucidate.co/directory/eximbank-of-russia-exirrumm). [See the State Development Corporation "veb.rf" group →](https://elucidate.co/directory/group/25340076UP17XECUF417) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Registered address:** ACADEMIC SAKHAROV AVENUE 9 MOSCOW 107078 RUSSIAN FEDERATION - **Operational address:** ACADEMIC SAKHAROV AVENUE 9 MOSCOW 107996 MOSCOW RUSSIAN FEDERATION ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC. - **Identified by:** BIC, with its LEI and its RUCBC clearing code - **Roles in CBPR+:** Any agent, including the instructing and instructed agents ### CBPR+ For cross-border payments on Swift: the BIC, with the LEI and clearing code where known ```xml BFEARUMMXXX RUCBC 044525060 25340076UP17XECUF417 ``` ### Full record Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC ```xml BFEARUMMXXX RUCBC 044525060 25340076UP17XECUF417 STATE DEVELOPMENT CORPORATION VEB.RF MOSCOW RU ACADEMIC SAKHAROV AVENUE 9 MOSCOW 107078 ``` The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use. ## National bank codes ### БИК (BIK) · Russia 1 code file of 2026-09-28 · ISO 20022 clearing system code RUCBC | Code | Routes to BIC | Name in the national file | City | | --- | --- | --- | --- | | 044525060 | BFEARUMMXXX | ВЭБ.РФ | Москва | Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page. ## Network ### Correspondent banking The bank publishes 1 account at other banks. ### Correspondent accounts Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/state-development-corporation-veb-rf-bfearumm#overview-sources) 1 account at other banks, in 1 currency, for rouble settlements (correspondent account at the Bank of Russia), as the bank publishes them: [veb.ru ↗](http://www.veb.ru/biznesu/kliyentam/) | Currency | Correspondent | BIC | Account | Directory check | | --- | --- | --- | --- | --- | | RUB | ОКЦ № 1 ГУ Банка России по ЦФО | — | 30101810500000000060 | No BIC published | The current requisites page gives only the rouble correspondent account at the Bank of Russia. The page prints only the Russian national BIK 044525000, no Swift BIC. An older foreign-currency nostro/SSI PDF (veb.ru/common/upload/files/veb/VEB\_SSI\_1801.pdf, apparently dated January 2018) and Swift field-format documents on the 'Financial institutions' page exist but could not be retrieved. Any foreign-currency accounts they list are likely stale given sanctions. Each correspondent BIC is checked against the Swift directory: a BIC missing from it, or registered to a differently named bank, may be a typo or out of date. Confirm settlement instructions with the bank before relying on them. ## Related institutions ### Subsidiaries in the directory - [Belvnesheconombank Open Joint Stock Company (Bank Belveb OJSC) BIC BELBBY2X Financial institution Not on a tracked register OFAC SDN · Country under broad sanctions · Belarus · Not on a tracked register · LEI 25340038P8SYW80B9W34](https://elucidate.co/directory/belvnesheconombank-open-joint-stock-company-bank-belveb-ojsc-belbby2x) Entities that GLEIF records with this LEI as their direct parent. ### Same group - [Eximbank of Russia BIC EXIRRUMM Financial institution Not on a tracked register OFAC SDN · EU list · Country under broad sanctions · Russia · Not on a tracked register · LEI 253400HA6URWT39X2982](https://elucidate.co/directory/eximbank-of-russia-exirrumm) [All 3 institutions in the State Development Corporation "veb.rf" group →](https://elucidate.co/directory/group/25340076UP17XECUF417) ### Largest institutions in Russia - [JSC Rosselkhozbank BIC RUAGRUMM Financial institution Not on a tracked register OFAC non-SDN · Country under broad sanctions · Russia · Not on a tracked register · LEI 253400J0PTWKFG782T93](https://elucidate.co/directory/jsc-rosselkhozbank-ruagrumm) - [Mosoblbank BIC MOBKRUMM Financial institution Not on a tracked register OFAC SDN · Country under broad sanctions · Russia · Not on a tracked register · LEI 253400WMV1LDNKA3P870](https://elucidate.co/directory/mosoblbank-mobkrumm) - [Sberbank BIC SABRRUMM Financial institution Not on a tracked register OFAC SDN · EU list · Country under broad sanctions · Russia · Not on a tracked register · LEI 549300WE6TAF5EEWQS81](https://elucidate.co/directory/sberbank-sabrrumm) - [Bank 'rossiya' BIC ROSYRU2P Financial institution Not on a tracked register OFAC SDN · EU list · Country under broad sanctions · Russia · Not on a tracked register · LEI 2534006WDUE2J9S01D70](https://elucidate.co/directory/bank-rossiya-rosyru2p) - [Transkapitalbank BIC TJSCRUMM Financial institution Not on a tracked register OFAC SDN · EU list · Country under broad sanctions · Russia · Not on a tracked register · LEI 253400L6NLNGU4FXSB96](https://elucidate.co/directory/transkapitalbank-tjscrumm) - [Vtb Bank (Public Joint-Stock Company) BIC VTBRRUM2 Financial institution Not on a tracked register OFAC SDN · Country under broad sanctions · Russia · Not on a tracked register · No LEI mapped](https://elucidate.co/directory/vtb-bank-public-joint-stock-company-vtbrrum2) - [Joint-Stock Company 'severgazbank' BIC SGAZRU22 Financial institution Not on a tracked register OFAC SDN · EU list · Country under broad sanctions · Russia · Not on a tracked register · LEI 2534005FGCP61AM3L807](https://elucidate.co/directory/joint-stock-company-severgazbank-sgazru22) - [Sovcombank BIC SOMRRUMM Financial institution Not on a tracked register OFAC SDN · EU list · Country under broad sanctions · Russia · Not on a tracked register · LEI 253400BBBP7990NS0M56](https://elucidate.co/directory/sovcombank-somrrumm) [See every BIC in Russia →](https://elucidate.co/directory/country/ru#bics) Claim this profile ## Work at State Development Corporation Veb.rf? Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page. 1. 01 **Submit** Tell us who you are, using your work email. 2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days. 3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time. Sources & method Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name. Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists. The sanctions facts on this page cover the BIC and its LEI only. An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page. [Read the methodology →](https://elucidate.co/directory/methodology) Credits for this page - **Wikidata**—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts. - **National bank codes**—Russia (Source: Bank of Russia (www.cbr.ru)). - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **Overview, leadership, regulators and events**—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source. - **Bank of Russia directory**—Source: Bank of Russia, BIK directory (www.cbr.ru). Matched on the Swift BIC the directory records. ## Assess the financial crime risk behind a BIC A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. 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