UBS
LeaveRussia detail: Scaling Back
UBS Group AG is the largest Swiss financial holding providing a wide range of financial services worldwide.
Business in Russia
The Swiss bank UBS decided to abandon a significant part of the Russian clients of Credit Suisse and close their accounts. The United States is investigating UBS's Russian clients. The US sanctions enforcement agency OFAC wrote to the bank as part of this investigation.
Decision trail
Decision date 29/07/2023 · Reference ↗
Suspend new business in Russia and reduce current exposure by helping clients unwind Russia securities; reducing Russian client services; passed back the license of the depositary activity. The Swiss bank UBS has begun mass inspections of clients of Russian origin. As follows from the UBS letter, the bank intends to clear its client base of Russians under sanctions. The inspection is being conducted "in connection with the measures taken by the Federal Council in relation to Russia," the document says.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Possible sanctions matches
Name-based matches against EU/US/UK lists — verify identity before drawing conclusions.
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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