BANK ROSSIYA

Bank Rossiya (ОАО АБ РОССИЯ) is the personal bank for senior officials of the Russian Federation.  Bank Rossiya’s shareholders include members of Putin’s inner circle associated with the Ozero Dacha Cooperative, a housing community in which they live.  Bank Rossiya is also controlled by Kovalchuk, designated today.  Bank Rossiya is ranked as the 17^th largest bank in Russia with assets of approximately $10 billion, and it maintains numerous correspondent relationships with banks in the United States, Europe, and elsewhere.  The bank reports providing a wide range of retail and corporate services, many of which relate to the oil, gas, and energy sectors.