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Financial Sanctions: Ukraine

Tuesday, 19 September 2017

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 16 September 2017, following the publication of Council Implementing Regulation (EU) No 2017/1549.

The following entry has been added to the UK’s Consolidated List and is now subject to an asset freeze.

STATE UNITARY ENTERPRISE OF THE CRIMEAN REPUBLIC 'CRIMEAN SEA PORTS'

Delisting

In addition, the following entries have been removed and are no longer subject to an asset freeze.

PANTELEEV, OLEG, EVGENEVICH (Group ID: 12918)

BOLOTOV, VALERIY, DMITRIEVICH (Group ID: 12960)

TOLSTYKH, MIKHAIL, SERGEEVICH (Group ID: 13202)

LITVIN, SERGEY, ANATOLIEVICH (Group ID: 13205)

LIMITED LIABILITY COMPANY PORT FEODOSIA (Group ID: 12980)

KERCH FERRY (Group ID: 13049)

LIMITED LIABILITY COMPANY ‘KERCH SEAPORT’/’KAMYSH-BURUN’ (Group ID: 13054)

Details can be found in the attached Annex.

Amendments

Thirty six existing entries have also been amended and notification of these changes will follow shortly.

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 entity.  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. 

Failure to comply with financial sanctions legislation or to seek to circumvent its provisions is a criminal offence.

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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