This news release is issued to publicise the amendment of one entry under the Russia sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 ('the Regulations'), which are made under the Sanctions Act 2024. This regime imposes financial, trade, aircraft, shipping and immigration sanctions for the purposes of encouraging Russia to cease actions which destabilise Ukraine, or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine.
Individuals and entities who are designated under this regime are included on the K Sanctions List.
Types of sanctions applicable under this regime:
- Asset freeze
- Other financial and investment restrictions
- Trade
- Immigration
- Aircraft
- Ships
On 19 December 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
Amendment
One entry has been amended in the UK Sanctions List and is still subject to an asset freeze and trust services sanctions.
Deleted information appears in [square brackets]. Additional information appears in italics.
Entity
LIMITED LIABILITY COMPANY RESPONSIBILITY OF 'RBRU SPECIALIZED DEPOSITORY'
a.k.a: LLC 'RBRU SD' Other Information: (UK Sanctions List Ref): RUS2682. Financial sanctions imposed in addition to an asset freeze: Correspondent banking relationships etc. The prohibition on correspondent banking relationships etc. measure was imposed on 19/12/2025. Trust services. Date trust services sanctions imposed: 20/05/2025. (UK Statement of Reasons): [Limited Liability Company responsibility of 'RBRU Specialized depository' is an 'involved person' under the Russia (Sanctions) (EU Exit) Regulations 2019 because it is or has been involved in obtaining a benefit from or supporting the Government of Russia by carrying on business in sectors of strategic significance to the Government of Russia, namely the Russian financial services sector.] The Secretary of State considers that there are reasonable grounds to suspect that Limited Liability Company responsibility of 'RBRU Specialized depository' is an 'involved person' under the Russia (Sanctions) (EU Exit) Regulations 2019 because it is or has been involved in obtaining a benefit from or supporting the Government of Russia by carrying on business in sectors of strategic significance to the Government of Russia, namely the Russian financial services sector. (Business Reg No): 9704154155 Listed on: 20/05/2025 UK Sanctions List Date Designated: 20/05/2025 Last Updated: [20/05/2025] 19/12/2025 Group ID: 16924.
What you must do in relation to amendments
If, through your sanctions compliance programme, you identify a possible match to a person or entity included in the Sanctions Lists, and you hold or otherwise deal with funds or economic resources of that person:
- You must immediately freeze any assets you hold or otherwise deal with belonging to that person (assets includes funds and economic resources, owned directly or indirectly by that person)
- You must review the information you hold for that person against the Sanctions Lists to establish whether you have a true match or a 'false positive' (see section 8 of the Financial Sanctions General Guidance)
- Where a true match is confirmed, do not deal with those assets or make them available to, or for the benefit of the designated person unless:
- You have a legal exemption
- You have a licence
- You must report the frozen assets to the FIU
If you have a suspicion or knowledge that there has been a breach of sanctions law, or any attempted transactions that you have blocked, report your suspicions 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
Further information on the sanctions regime related to Syria and other sanctions related guidance can be found on the Sanctions and Export Control website on the Sanctions Guidance page.
Contact details for enquiries
If you require any further information or guidance, please contact the Sanctions Team on:
Telephone: +44 1624 648109
Email: sanctions@gov.im
Please note: We are unable to provide legal advice. You may need to seek independent legal advice.
