OREANDA-NEWS. VEB whose subsidiaries were put on the US sectoral sanctions list, regrets the American regulator's actions but does not expect the sanctions to influence the Group's activities.

Under OFAC's decision (the Office of Foreign Assets Control of the US Department of the Treasury responsible for sanctions enforcement), following VEB (MOEX: VEBM), sectoral sanctions were imposed on Thursday against the Russian Direct Investment Fund (RDIF), EXIAR, Bank Globex (MOEX: GLBX), VEB -Leasing (MOEX: VEBL), VEB Capital, the Federal Project Finance Center, Svyaz-Bank (MOEX: SVZB), Prominvestbank, Rose Group, VEB-Engineering.

In fact, all these companies were not anyway in a position to raise long-term funding and place shares in the US (it is sectoral sanctions that bar them from doing it) because they are VEB's subsidiaries but formally they were not put on the US Treasury Department's list so far.

"Vnesheconombank reaffirms that US further sanctions won't have any significant impact on VEB Group's activities. A new sanctions list only finalizes the US Treasury Department's previous revision - the list names organizations that are members of VEB Group", said VEB's spokesman to journalist on Friday.

"Of course we deplore such actions. All VEB Group's obligations to investors, depositors and creditors are being fulfilled in full and in due time. We've got sufficient financial resources to ensure VEB Group's operation", said VEB's spokesman.

"We state once more that the sanctions are illegal and run counter to standards of international law", he added.