Debarred entities

NIB's independent Sanctions Panel decides on sanctions, including debarments, against external legal entities and individuals investigated by the Integrity & Compliance Office for allegations of Prohibited Practices in relation to NIB-financed projects.

The entities and individuals listed below have been debarred by NIB’s Sanctions Panel in accordance with the Enforcement Policy.

Prohibited Practices in NIB are corrupt practices, fraudulent practices, coercive practices, collusive practices, obstructive practices, theft, money laundering and terrorist financing.

Debarred entities and individuals are ineligible to become a borrower of NIB or receive funds from NIB during the time-period indicated below:

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Name of entity or individual
Role/Function
Place of incorporation/Nationality
Valid from
Valid until
Sanctionable Practice
YantarServiceBaltic LLC Simple PartnershipContractorRussian Federation4 Oct 2018 4 Oct 2022Fraudulent Practice & Obstruction
YantarServiceBaltic LLCCo-partner in ContractorRussian Federation4 Oct 20184 Oct 2022Fraudulent Practice & Obstruction
ST-STROY LLCCo-partner in ContractorRussian Federation4 Oct 20184 Oct 2022Fraudulent Practice & Obstruction
SK Chistograd LLCCo-partner in ContractorRussian Federation4 Oct 20184 Oct 2022Fraudulent Practice & Obstruction
Alexander Andreevich KrasnoyarovGeneral Director of Co-partnerRussian Federation4 Oct 20184 Oct 2022Fraudulent Practice & Obstruction
Maryam Magomedovna AgaevaDirector of Co-partnerRussian Federation4 Oct 20184 Oct 2022Fraudulent Practice & Obstruction

 

NIB also adheres to the Cross Debarment Agreement (the “Agreement on Mutual Enforcement of Debarment Decisions”) signed among the Multilateral Development Banks. For more information, please visit the  Cross Debarment Website.