Further to its previous statements, IIB hereby informs that on May 31, 2023 OFAC issued a General License No. 69 Authorizing Certain Debt Securities Servicing Transactions Involving IIB (OFAC General License).

In accordance with paragraph (a) of the OFAC General License, all transactions prohibited by Executive Order (E.O.) 14024 that are ordinarily incident and necessary to the processing of interest or principal payments on debt securities issued by International Investment Bank (IIB) prior to April 12, 2023 are authorized through 12:01 a.m. eastern daylight time June 30, 2023, provided that such interest or principal payments are not made to persons located in the Russian Federation and that any payments to a blocked person, wherever located, are made into a blocked account.

On June 02, 2023 IIB sent its request to Citibank, N.A., London Branch to act as a Principal Paying Agent and Transfer Agent upon the terms and subject to the conditions set out in the Agency Agreement on IIB MTN Programme, to perform the corresponding duties and open the relevant designated account for accumulation of funds of IIB. These funds will be processed for interest and principal payments on IIB’s debt securities issued under MTN Programme.

IIB also sent requests to all banks as well as to Euroclear, where IIB funds were frozen and accounts suspended with a request to unfreeze IIB accounts with corresponding balances outstanding that were immediately suspended upon introduction of OFAC sanctions.

Upon receipt of information from Citibank, N.A., London Branch, our Bondholders, Creditors and Clients will be duly informed.