This news release is issued to publicise the amendment of one entry under the Republic of Belarus sanctions regime.
The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 ('the Regulations'), which are made under the Sanctions Act 2024. This regime imposes financial, trade, aircraft and immigration sanctions for the purposes of encouraging the Government of Belarus to respect democratic principles and institutions, the separation of powers and the rule of law in Belarus; and refrain from actions, policies or activities which repress civil society in Belarus. The sanctions also encourage the Government to investigate properly and institute criminal proceedings against persons responsible for the disappearances of Yury Zakharanka, Viktar Hanchar, Anatol Krasouski and Dzmitry Zavadski, and to comply with international human rights law and respect human rights.
Individuals and entities who are designated under this regime are included on the UK sanctions list.
Types of sanctions applicable under this regime:
- Asset freeze
- Trade
- Immigration
- Aircraft
- Ships
On 19 December 2024 the Foreign, Commonwealth and Development Office updated the UK sanctions list. This list provides details of those designated under sanctions legislation.
Amendment
One entry has been amended on the Consolidated List and is still subject to an asset freeze.
Individual
- GUTSERIEV, Mikail Safarbekovich
Name (non-Latin script): Михаил Сафарбекович Гуцериев
DOB: 09/03/1958. POB: Almaty, Kazakhstan a.k.a: (1) GUTSERIEV, Mikhail, Safarbekovich (2) GUTSERIYEV, Mikail, Safarbekovich (3) GUTSERIYEV, Mikhail, Safarbekovich Nationality: (1) Cyprus (2) Russia Passport Number: (1) K00162033 (2) 55 0344417 Passport Details: (1) Cypriot Passport, Expiry: 11 Feb 2024 (2) Russian Passport, Expiry: 20 Feb 2030 Address: Russia. Position: Businessman Other Information: (UK Sanctions List Ref): BEL0110. (UK Statement of Reasons): [Mikail Gutseriev (hereafter Gutseriev) is designated under the Belarus (Sanctions) (EU Exit) Regulations 2019 on the following grounds: (1) Gutseriev is, and/or has been, involved in policies or activities which undermine democracy or the rule of law in Belarus by providing support for and/or obtaining an economic benefit from the Government of Belarus; (2) Gutseriev has himself, or via his companies through controlling directly or indirectly FLLC Slavkali, Russneft and Neftisa, carried on business in a sector of strategic significance to the Government of Belarus, namely the Belarusian construction and extractives sectors; (3) Gutseriev is associated with Alexander Lukashenko (BEL0045), an individual who is, and/or has been, involved in the commission of serious human rights violations in Belarus and/or the repression of civil society or democratic opposition in Belarus, and/or other actions, policies or activities which undermine democracy or the rule of law in Belarus.] Mikail Safarbekovich GUTSERIEV (hereafter GUTSERIEV) is designated under the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 on the following grounds: (1) GUTSERIEV has been involved in obtaining a benefit from or supporting the Government of Belarus by owning or controlling directly or indirectly (within meaning of regulation 7), JSC NK Neftisa and PJSC RussNeft, entities carrying on business in the Belarussian energy sector, which is a sector of strategic significance to the Government of Belarus; (2) GUTSERIEV has been involved in obtaining a benefit from or supporting the Government of Belarus by working as a director (whether executive or non-executive), or other manager or equivalent, of FLLC SLAVKALI, JSC NK Neftisa and PJSC RussNeft, entities carrying on business in the Belarussian extractives and energy sectors, which are sectors of strategic significance to the Government of Belarus; (3) GUTSERIEV is, or has been, involved in policies or activities which undermine democracy or the rule of law in Belarus by providing support for and/or obtaining an economic benefit from the Government of Belarus; (4) GUTSERIEV is associated with Alexander Lukashenko, an individual who is, and/or has been responsible for serious violations of human rights, the repression of civil society or democratic opposition in Belarus, or other actions, policies or activities which undermine democracy or the rule of law in Belarus following 9 August 2020, and has been involved in promoting such activities. (Gender): Male Listed on: 09/08/2021 UK Sanctions List Date Designated: 09/08/2021 Last Updated: [16/12/2022] 19/12/2024 Group ID: 14131
What you must do
If you suspect a person or entity is a match to a person or entity included in the UK Sanctions List, and you hold or otherwise deal with funds or economic resources of that person:
- You must freeze the assets immediately
- You must review the information you hold for that person against the UK Sanctions List to ensure you do not have a false positive identification
- Do not deal with those assets or make them available to, or for the benefit of the designated person unless:
- You have a legal exemption
- You have a licence
- You must report the frozen assets to the FIU
If you have a suspicion or knowledge that there has been a breach of sanctions law, or any attempted transactions that you have blocked, report your suspicions 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.
Note: determining if a customer is on the UK Sanctions List includes whether any corporate entity is owned or controlled, directly or indirectly, by a person on the UK Sanctions List.
Further guidance on false positives and delistings and what to do can be found in the Financial Sanctions General Guidance page.
Further information
Further details on the UN measures in respect of Republic of Belarus sanctions can be found on the relevant UN Sanctions Committee webpage.
Further information on the sanctions regime related to Republic of Belarus and other sanctions related guidance can be found on the Sanctions and Export Control website on the Sanctions Guidance page.
Contact details for enquiries
If you require any further information or guidance, please contact the Sanctions Team on:
Telephone: +44 1624 648109
Email: sanctions@gov.im
Please note: We are unable to provide legal advice. You may need to seek independent legal advice.
