This news release is issued to publicise the amendment of 4 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 22 May 2023 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
Amendments
Deleted information appears in [square brackets]. Additional information appears in italics.
The following entries have been amended and are still subject to an asset freeze and trust services sanctions:
Indivduals
- Ilya Iosifovich KLEBANOV (Group ID: 15921)
Name (non-Latin script): Илья Иосифович Клебанов
DOB: [05/07/1951.] 07/05/1951 POB: St Petersburg, Russia Position: Member of the Board of Directors, Transneft Other Information: (UK Sanctions List Ref):RUS1864. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 18/05/2023. (UK Statement of Reasons):Ilya Iosifovich KLEBANOV is an “involved person” under the Russia (Sanctions) (EU Exit) Regulation 2019 because: he works as a director or equivalent of a person (other than an individual) which is carrying on business in a sector of strategic significance to the Government of Russia, namely Transneft, which is carrying on business in the Russian energy sector. (Gender):Male Listed on: 19/05/2023 UK Sanctions List Date Designated: 18/05/2023 Last Updated: [19/05/2023] 22/05/2023 Group ID: 15921. - Valery Pavlinovich SHANTSEV (Group ID: 15920)
Name (non-Latin script): Валерий Павлинович Шанцев
DOB: [22/03/1947.] 29/06/1947 POB: Susanino, Kostroma Oblast, Russia Position: Member of the Board of Directors, Transneft Other Information: (UK Sanctions List Ref):RUS1863. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 18/05/2023. (UK Statement of Reasons):Valery Pavlinovich SHANTSEV is an “involved person” under the Russia (Sanctions) (EU Exit) Regulation 2019 because: she works as a director or equivalent of a person (other than an individual) which is carrying on business in a sector of strategic significance to the Government of Russia, namely Transneft, which is carrying on business in the Russian energy sector. (Gender):Male Listed on: 19/05/2023 UK Sanctions List Date Designated: 18/05/2023 Last Updated: [19/05/2023] 22/05/2023 Group ID: 15920.
Entity
- AFK SISTEMA (Group ID: 15982)
Name (non-Latin script): ПУБЛИЧНОЕ АКЦИОНЕРНОЕ ОБЩЕСТВО «АКЦИОНЕРНАЯ ФИНАНСОВАЯ КОРПОРАЦИЯ «СИСТЕМА»
Address: [35,1905, GODA STREET, PERM, Russia, 614014.] 13/1, Mokhovaya St., Moscow, Russia, 125009 Other Information: (UK Sanctions List Ref):RUS1926. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 18/05/2023. (UK Statement of Reasons):PUBLIC JOINT STOCK COMPANY “JOINT STOCK FINANCIAL CORPORATION “SYSTEM” (AFK SISTEMA) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 because: (1) it is, and has been, involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine because it makes available goods and technology that could contribute to this, namely by supplying military equipment used by the Armed Forces of the Russian Federation; and (2) it is, and has been, involved in obtaining a benefit from and supporting the Government of Russia by carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian construction, defence, electronics, energy, extractives, financial services and information, communications and digital technologies sectors. (Phone number): [+7 (342) 260-73-01] +7 (495) 737-01-01 (Website): [www.mz.perm.ru] https://sistema.com (Email address): [mz1@mz.perm.ru] (Business Reg No): [TIN – 5906009273] TIN - 7703104630 Listed on: 19/05/2023 UK Sanctions List Date Designated: 18/05/2023 Last Updated: [19/05/2023] 22/05/2023 Group ID: 15982.
The Non-Latin Script Language for the following entry has been updated. No material changes have been made to the Consolidated List in HTML/PDF format:
Individual
- Vladimir Nikolaevich LEPIN (Group ID: 15969)
Name (non-Latin script): ЛЕПІН Володимир Миколайович
DOB: 28/07/1959. POB: Tambov, Russia Nationality: Russia Position: Director General of JSC Concern Kalashnikov Other Information: (UK Sanctions List Ref):RUS1913. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 18/05/2023. (UK Statement of Reasons):Vladimir Nikolaevich LEPIN ("LEPIN") is an “involved person” under the Russia (Sanctions) (EU Exit) Regulations 2019 (the "Russia Sanctions Regulations") because LEPIN is and has been involved in supporting the Government of Russia by working as a director or equivalent of a Government of Russia affiliated entity carrying on business in a sector of strategic significance to the Government of Russia, namely JSC Concern Kalashnikov ("Kalashnikov") which operates within the Russian defence sector. (Gender):Male Listed on: 19/05/2023 UK Sanctions List Date Designated: 18/05/2023 Last Updated: [19/05/2023] 22/05/2023 Group ID: 15969.
What you must do
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 information
Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.
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.
