AVOID CONFUSION: Black Sea Trade & Development Bank is NOT Black Sea Bank for Reconstruction & Development in Simferopol, Crimea

News | 22-Feb-2022

Following the announcement of UK sanctions with respect to the Black Sea Bank for Reconstruction and Development (ChBRR, in Russian – ЧБРР, based in Simferopol, Crimea), the Black Sea Trade and Development Bank (BSTDB) is making this public warning that BSTDB is completely unrelated and in no way affiliated, nor has any dealings with the Black Sea Bank for Reconstruction and Development.
 
The Black Sea Trade and Development Bank (BSTDB) is an International Financial Institution, comprising eleven Member States of the Black Sea region and headquartered in Thessaloniki, Greece pursuant to the intergovernmental treaty registered by the United Nations (Multilateral, No 36909).