Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). Find Out

Skip to Main Navigation
NEWS May 2, 2014

Issuance of Sanctions Board Decision No. 65

​Pursuant to Sanctions Board Decision No. 65 issued in Sanctions Case No. 173, the Sanctions Board imposes (i) a sanction of debarment with conditional release on OOO RBC Center (the “Respondent,” currently known as OOO Armada Center) and (ii) a sanction of reprimand on OAO Armada (the “Named Affiliate”) by means of a formalletter of reprimand to be posted on the World Bank’s website for a minimum period of six (6) months, and until the Named Affiliate has met conditions as specified in this decision. The sanctions are imposed on the Respondent for a fraudulent practice as defined in Paragraph 1.22(a)(ii) of the World Bank Guidelines: Selection and Employment of Consultants by World Bank Borrowers (May 2004), and on the Named Affiliate for its responsibility for the Respondent’s fraudulent practice.





Contact Sanctions Board

The World Bank 1818 H Street, N.W., MSN G 5‐503, Washington, D.C. 20433, U.S.A.
sanctionsboard@worldbank.org