This news release is issued to publicise the addition of 9 entries, the removal of 4 entries, the amendment of 45 entries and correction of 1 entry to the Russian sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) 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 involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, or obtaining a benefit from or supporting the Government of Russia. The Russia (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [S.D. 2020/0504].
On 4and 5 July 2022, the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
45 entries have been amended and 1 corrected and are still subject to an asset freeze.
The following entries have been added to the consolidated list and are now subject to an asset freeze:
- Aleyona Anatolyevna CHUGULEVA (Group ID: 15443)
- Yuriy Sergeyevich FEDIN (Group ID: 15442)
- Darya Aleksandrovna DUGINA (Group ID: 15437)
- Yevgeniy Eduardovich GLOTOV (Group ID: 15439)
- Aelita Leonidovna MAMAKOVA (Group ID: 15441)
- Mikhail Anatolyevich SINELIN (Group ID: 15440)
- United World International (Group ID: 15438)
- Denis Yakovlevich GAFNER (Group ID: 15444)
- Valeriya KALABAYEVA (Group ID: 15445)
Further details can be found in the Annexes to this News Release.
Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.
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 details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.