This news release is issued to publicise the addition of 2 entries to the Belarus sanctions regime.
The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/600) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of certain persons, entities or bodies reasonably suspected of involvement in conduct enabling or facilitating the disappearances of four people or the failure to investigate properly or institute criminal proceedings against the persons responsible for those disappearances; the commission of serious human rights violations in Belarus; the repression of civil society or democratic opposition in Belarus; or other actions, policies or activities which undermine democracy or the rule of law in Belarus; conduct destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, including by supporting or facilitating Russia’s actions in respect of Ukraine, in particular by providing logistical support to the Russian army, or spreading disinformation about Russia’s invasion of Ukraine; other actions undermining or threatening peace, security or stability in Europe; or obtaining a benefit from or supporting the Government of Belarus through carrying on a relevant business activity. The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Republic of Belarus Sanctions (Application) Regulations 2020 [S.D. 2020/0479].
On 22 February 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
Addition
The following entries have been added to the Consolidated List and are now subject to an asset freeze:
Entities
- JSC PLANAR
a.k.a: OTKRYTOE AKTSIONERNOE OBSHCHESTVO PLANAR Address: PR-T PARTIZANSKII 2-31/2, Minsk, Belarus, 220033. Other Information: (UK Sanctions List Ref): BEL0157. (UK Statement of Reasons): JSC PLANAR is an 'involved person' under the Republic of Belarus (Sanctions) (EU Exit) Regulation 2019 because JSC PLANAR is or has been involved in obtaining a benefit from or supporting the Government of Belarus by carrying on business in a sector of strategic significance to the Government of Belarus, namely the Belarusian electronics sector. (Website): www.kbomo.by (Business Reg No): BY100104937 Listed on: 22/02/2024 UK Sanctions List Date Designated: 22/02/2024 Last Updated: 22/02/2024 Group ID: 16385. - PRECISE ELECTRO-MECHANICS PLANT
Name (non-Latin script): Завод точной электромеханики
a.k.a: (1) PRECISE ELECTRO-MECHANICS PLANT REPUBLICAN PRODUCTION UNITARY ENTERPRISE (2) RUE PRECISE ELECTRO-MECHANICS PLANT Address: 2-1 Kulman Street, Minsk, Belarus, 220013. Other Information: (UK Sanctions List Ref): BEL0158. (UK Statement of Reasons): PRECISE ELECTRO-MECHANICS PLANT is an 'involved person' under the Republic of Belarus (Sanctions) (EU Exit) Regulation 2019 because PRECISE ELECTRO-MECHANICS PLANT is or has been involved in obtaining a benefit from or supporting the Government of Belarus by carrying on business in a sector of strategic significance to the Government of Belarus, namely the Belarusian defence sector; and conduct destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, including by supporting or facilitating Russia's actions in respect of Ukraine, in particular by being involved in the supply to Belarus of goods or technology which could contribute to any such activity. (Phone number): +375 17 318-9001 (Website): www.ztem.by (Email address): Info@ztem.by Listed on: 22/02/2024 UK Sanctions List Date Designated: 22/02/2024 Last Updated: 22/02/2024 Group ID: 16386.
What you must do
Financial institutions and other persons are required to check whether you maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, designated individuals. If so, you must freeze such accounts or other funds and, unless licensed by the Treasury, not deal with those funds or economic resources, make those funds or economic resources available to a designated person, or make those funds or economic resources available for the benefit of a designated person. You must also report your findings to the FIU.
Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.
Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.
Further Information
Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.
Further details of the sanctions regime related to Belarus and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.
