Updated as of October 31, 2022
The U.S., U.K., and EU sanctioned a number of leading Russian banks, generally prohibiting transactions with these banks.
- What are the sanctions?
- Under the sanctions, customers are not allowed to deposit from, or withdraw to, a sanctioned bank. The sanctions included wind down periods that have ended.
- What banks are impacted by the sanctions?
- The following Russian banks and their subsidiaries have been sanctioned by the U.S., U.K., and/or the EU, disconnected from the global banking network SWIFT, or both. IBKR is therefore unable to accommodate deposits or withdrawals through these banks.
- Sberbank (disconnected from SWIFT)
- Alfa Bank
- VTB (disconnected from SWIFT)
- Bank Rossiya (disconnected from SWIFT)
- Otkritie (disconnected from SWIFT)
- Novikombank (disconnected from SWIFT)
- Promsvyazbank (disconnected from SWIFT)
- Sovcombank (disconnected from SWIFT)
- VEB (disconnected from SWIFT)
- Transkapitalbank
- Investtradebank
- Rosselkhozbank (disconnected from SWIFT)
- Moscow Credit Bank (disconnected from SWIFT) For IBUK and IBUKL Customers only_:_The following banks are also subject to U.K. sanctions, which apply to all clients of Interactive Brokers (U.K.) Ltd. (IBUK):
- GazPromBank
- SMP Bank
- Ural Bank for Reconstruction and Development. IBUK customers cannot currently deposit from, or withdraw to, any of these sanctioned banks.
- The following Russian banks and their subsidiaries have been sanctioned by the U.S., U.K., and/or the EU, disconnected from the global banking network SWIFT, or both. IBKR is therefore unable to accommodate deposits or withdrawals through these banks.
- Do I have to close my IBKR account if I bank through one of the sanctioned banks?
- These sanctions on banks do not require you to close your IBKR account. IBKR just can’t process deposits or withdrawals involving a sanctioned bank.
- Can I add different banking instructions?
- Yes, you are welcome to add new banking instructions for an account at a non-sanctioned bank. Please note that IBKR has long maintained restrictions on certain patterns of deposit and withdrawal activity, which will remain in effect. For more information on these , click here.
Additional Information