This news release is issued to publicise that there have been 18 Oil Tankers, 4 Liquid Natural Gas (LNG) ships, and 1 entity designated under the Russia sanctions regime.
The Russia (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, shipping and immigration sanctions for the purposes of encouraging Russia to cease actions which destabilise Ukraine, or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine.
Individuals, entities and ships who are designated under this regime are included on the UK sanctions list.
Types of sanctions applicable under this regime:
- Asset freeze
- Other financial and investment restrictions
- Trade
- Immigration
- Aircraft
- Ships
On 17 October 2024 the Foreign, Commonwealth and Development Office updated the UK sanctions list. This list provides details of those designated under sanctions legislation.
The UK Government has sanctioned 18 Oil Tankers, 4 Liquid Natural Gas (LNG) ships, and 1 entity under the Russia Sanctions Regime. Those specified/designated are part of/involved in Putin's shadow fleet of oil tankers which seek to circumvent sanctions on Russian Oil and Liquid Natural Gas. This action against the shadow fleet is putting grit into the system and starving Putin’s war machine of crucial revenues.
Additions
The following entry has been added on the Consolidated List and is now subject to asset freeze and trust services sanctions:
Entities
- Primary Name: 1: RasGazDobycha JSC
Primary Name Variations: 1: AO RGD Type of Entity: 1: Energy company 2: Joint-Stock Company Business registration number(s): 1: 1127747296918 Sanctions Imposed: Asset freeze, Trust Services Sanctions, Transport sanctions: see 'Other information' UK Statement of Reasons: RUSGAZDOBYCHA is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 based on the following ground: RUSGAZDOBYCHA is involved in obtaining a benefit from or supporting the Government of Russia by carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian energy sector. Other Information: Transport sanctions: where transport sanctions apply, a ship owned, controlled, chartered or operated by a designated person is prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated. Similarly, an aircraft owned, chartered or operated by a designated person is prohibited from overflying or landing in the UK, may be given a movement direction, can be detained or moved to a specified airport, and will be refused permission to register on the CAA Aircraft Register or have its existing registration terminated. This also includes a prohibition of technical assistance relating to aircraft and ships: a prohibition on the provision of technical assistance relating to aircraft or ships will prevent a person from directly or indirectly providing technical assistance to, or for the benefit of, the designated person, where that technical assistance relates to an aircraft or ship. Designation Source: UK Date Designated: 17/10/2024 Last Updated: 17/10/2024 Unique Id: RUS2247 OFSI Group ID: 16612
Further to this, there are 22 ship specifications (18 Oil Tankers, 4 Liquid Natural Gas (LNG) ships) added to the UK sanctions list which are now subject to shipping sanctions, details of which can be found in the Annex to this Notice.
What you must do
These sanctions target vessels which attempt to undermine sanctions in support of the Russian oil and military goods trades.
If you suspect a person, entity or ship is a match to an entry included in the UK Sanctions List, and you hold or otherwise deal with funds or economic resources of that person, entity or ship:
- You must freeze the assets immediately
- You must review the information you hold for that ship 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 ship 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 on ship specifications
Ships specified under the Russia (Sanctions) (EU Exit) Regulations 2019 which have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 are prohibited from entering a port in the UK and Isle of Man, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK and Isle of Man Ship registers or have its existing registration terminated. In addition, the Oil Price Cap exception is not applicable to services in relation to specified ships, or to the supply or delivery of Russian oil or oil products in specified ships.
Further information
Further information on the sanctions regime related to Russia 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.
