EU Sanctions List Excludes 4 Entities After November 11 Agreement
During the discussion, the following were excluded from the list: "First Investment Bank", "Investment Cooperative Bank", "RESO Credit" bank, and the oil company "TANECO".
Consensus
- The EU's new sanctions list was agreed upon by envoys on November 11.
- The final list contains four fewer legal entities than the initial draft.
- The excluded entities are First Investment Bank, Investment Cooperative Bank, RESO Kredit Bank, and TANEKO.
- First Investment Bank is owned by Bulgarian holding Starcom Holding, which claims to have lost control due to sanctions and geopolitical tensions.
- Investment Cooperative Bank (IK Bank) is linked to Bulgarian business group Chimimport, which maintains control and has not publicly announced plans to divest.
- RESO Kredit Bank is owned by French insurer AXA through its subsidiary RESO-Garantia, which retained its investment despite suspending new contracts in Russia.
- All sources cite the same date (November 11) and the same four excluded entities.
- All sources reference the same ownership and control details for the three banks and TANEKO.
Coverage (4 sources)
- How the 'System' found out that the new sanctions list, agreed by EU ambassadors on November 11, contains on che... — The Insider
- How the 'System' found out that the new sanctions list, agreed by EU ambassadors on November 11, contains on che... — Радио Свобода
- How the 'System' found out that the new sanctions list, agreed by EU ambassadors on November 11, contains on che... — Север.Реалии
- How the 'System' found out that the new sanctions list, agreed by EU ambassadors on November 11, contains on che... — Сибирь.Реалии