Due to US sanctions and the designation of International Investment Bank in the US OFAC SDN list, the Bank is currently deprived of the ability to conduct financial operations.

Due to the de-facto termination of Hungary's membership in International Investment Bank, IIB has exhausted basis for further operations from its headquarters in Budapest and in the European Union. The Bank has commenced a relocation of its operations and functions of its headquarters from Hungary to Russia.

The Bank proposes to the Government of Hungary to immediately start the denunciation of the "Agreement between the International Investment Bank and the Government of Hungary regarding the headquarters of the International Investment Bank in Hungary" dated February 5, 2019.

International Investment Bank adheres to the policy of fulfilling its obligations and will use all available resources to protect its legitimate interests.