This news release is issued to publicise the amendment of 1 entry 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 8 August 2023 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
Amendment
Deleted information appears in [square brackets]. Additional information appears in italics.
The following entry has been amended and is still subject to an asset freeze:
- DANA HOLDINGS A.K.A DANA ASTRA
Address: Dana Center, St. P. Mstislavets 9 (1st floor), Minsk, Belarus, 220 114. Other Information: (UK Sanctions List Ref):BEL0063. (UK Statement of Reasons):[Dana Holdings a.k.a Dana Astra belongs to the Karic brothers (Dragomir and Bogoljub), who are closely associated with Lukashenko and his family, and have benefitted significantly from that relationship. Dana Holdings a.k.a Dana Astra is the only non-state owned general sponsor of the Belarusian National Olympic Committee (NOC). The IOC has adopted measures against the NOC for not appropriately protecting athletes from reprisals against them for protesting the 9 August elections and subsequent violent suppression of peaceful protests. Dana Holdings a.k.a Dana Astra publicly supported Lukashenko in the face of strikes and protests.] Dana Holdings A.K.A Dana Astra is an involved person under the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 because: (1) it has been involved in 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, namely as a sponsor of the Belarusian National Olympic Committee, and (2) it is or has been involved in obtaining a benefit from or supporting the Government of Belarus through carrying on business in a sector of strategic significance to the Government of Belarus, namely the Belarusian construction sector. (Phone number):00375 17 26 93 290 (Website):https://en.dana-holdings.com (Email address):PR@bir.by (Type of entity):Private sector development group Listed on: 18/12/2020 UK Sanctions List Date Designated: 31/12/2020 Last Updated: 08/02/2022 31/08/2023 Group ID: 14035.
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.
