Topic summary
Rossiya Bank

Bank "Rossiya" (Russian: Банк «Россия»), also known as Joint Stock Bank "Rossiya" (Russian: Акционерное общество «Акционерный Банк «Россия»), is a Russian joint-stock bank founded on June 27, 1990. Headquartered in Saint Petersburg, it is among the largest banks in Russia by assets.
The bank's largest shareholder is Yury Kovalchuk. Following the 2014 annexation of Crimea by the Russian Federation, Bank Rossiya became the first major Russian bank to expand its operations into the territory. Consequently, the bank and its primary shareholders were subjected to international sanctions by the United States, the European Union, and other countries. Following the Russian invasion of Ukraine in February 2022, Bank Rossiya was among the first Russian financial institutions disconnected from the SWIFT international payment system in March 2022.