Prior to the war in Ukraine, BNP Paribas had already a limited presence after having reduced gradually its presence in the Russian Federation over the past years, exiting the retail banking business in 2012 and ending completely the consumer finance activities in 2020. BNP Paribas was as a result among the least active foreign banks operating in the country.
BNP Paribas complies strictly with all international sanctions. The bank has decided to stop any new business in the Russia Federation.
In particular, and as a consequence, BNP Paribas has informed its corporate clients that its subsidiary BNP Paribas ZAO will no longer be able to process their transactions from the end of March onwards.