On May 8, 2024, following the latest fundamental developments and after more than a year of persistent, though futile, endeavors to regain the International Investment Bank’s legitimate right to its holdings that were blocked by a number of European financial institutions and to regain access to the financial infrastructure required, primarily, to fulfil obligations to its investors and creditors, the International Investment Bank submitted a formal Petition for Removal of International Investment Bank and JSC “IIB Capital” from the Specially Designated Nationals and Blocked Persons List (“SDN List”).

The International Investment Bank considers that all facts and arguments presented in the Petition comprise an exhaustive rationale for its unconditional removal from the SDN list.

IIB expresses its belief that the relevant European financial authorities, and in particular the authorities of the European states that ceased to be the members of the Bank in 2023, for obvious reasons should be interested in removing the sanctions and third party’s restrictions that hinder the performance of the Bank’s obligations, and will, therefore, consider it timely and appropriate to facilitate a positive outcome of this process.

The Petition was distributed among current and recently withdrawn member states of IIB.