UK corrects Ozon Bank entry while sanctions remain

LONDON, Sept. 3, 2026 — Britain corrected the UK Sanctions List entry for Ozon Bank without changing the sanctions imposed on the Russian financial institution.

The Foreign, Commonwealth and Development Office classified the update as an administrative amendment rather than a new designation or removal. The specific information changed is not clear in the extracted copy because the document’s deleted and added text was distinguished through visual formatting.

Ozon Bank remains subject to an asset freeze, trust-services restrictions, director disqualification and a prohibition on correspondent banking relationships and payment processing. Where the banking prohibition applies, UK credit and financial institutions cannot establish or continue correspondent relationships with the designated bank or process payments to, from or through it. The restrictions also extend to credit or financial institutions owned or controlled by Ozon Bank under the regulations.

The entry includes several name variations, including Ekom Bank, Oney Bank and Ozon Bank LLC, along with Russian-language names. It also provides Russian tax and registration numbers, Central Bank of Russia license No. 3542, a Moscow address, telephone numbers, websites and email addresses. Those details provide screening identifiers despite the uncertainty over which field was corrected.

The UK said it had reasonable grounds to suspect Ozon Bank obtained a benefit from or supported the Russian government by operating in Russia’s strategically significant financial-services sector. The bank was designated Aug. 6, 2026, under the Russia sanctions regulations.