This news release is issued to publicise the addition of 14 entries and amendment of 8 entries 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 15 March 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
14 entries have been added to the consolidated list and are now subject to an asset freeze. Further details on the entries can be found in this document.
The following entries have been amended and are still subject to an asset freeze:
- Yulia Vasilievna OGLOBLINA (Group ID: 14416)
- Anatoly Vladimirovich VORONOVSKY (Group ID: 14282)
- Mikhail Nikolaevich BERULAVA (Group ID: 14261)
- Oleg Dmitrievich DIMOV (Group ID: 14315)
- Sergei Mikhailovich SOKOL (Group ID: 14589)
- Tatyana Ivanovna DYAKONOVA (Group ID: 14323)
The following entries have been corrected and are still subject to an asset freeze:
- Dmitri Alekseevich LEBEDEV (Group ID: 14215)
- Anatoly Alexandrovich WASSERMAN (Group ID: 14275)
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, and suspend the provision of any financial services. 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.