Financial Sanctions: Ukraine

Tuesday, 29 March 2016

This news release is issued in respect of measures taken against certain persons, entities and bodies in view of the situation in Ukraine.

Annex I to Council Regulation (EU) No 269/2014 has been amended with effect from  13 March 2016, following the publication of Council Implementing Regulation (EU) No 2016/353.


Thirty eight individuals and eleven entities have had their details amended and remain subject to an asset freeze. Full details can be found in the Annex to HM Treasury’s Notice.

The listing details for the following nine entries have not been amended on the Consolidated List. However, they remain subject to an asset freeze. 

  • OZEROV, Viktor, Alekseevich (Group id: 12912)
  • KLISHAS, Andrei, Aleksandrovich (Group id: 12914)
  • TSYPLAKOV, Sergey, Gennadevich (Group id: 12963)
  • TSYPKALOV, Gennadiy, Nikolaiovych (Group id: 13094)
  • ZHUROVA, Svetlana, Sergeevna (Group id: 13113)
  • BUGROV, Oleg (Group id: 131177)
  • MILCHAKOV, Alexey (Group id: 13200)
  • PAVLOV, Arseny (Group id: 13201)
  • BASURIN, Eduard, Aleksandrovich (Group id: 13203) 

Financial institutions and other persons are required to check whether they maintain any accounts or otherwise hold funds, financial assets, economic benefits and economic resources for the designated individuals and entities.  If so, they must freeze such accounts or funds and, unless licensed by the Treasury, refrain from dealing with said funds or economic resources, and suspend the provision of any financial services.  They must also report their findings to the Sanctions Officer at the Customs and Excise Division of the Treasury.  Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated individuals and entities they are not required to report these details again.

Further details of the sanctions regime related to Ukraine and links to the Consolidated List of individuals and entities subject to other financial sanctions regimes may be found  on the Customs and Excise pages of the Isle of Man Government website.

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