This news release is issued to publicise the amendment of one entry 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 and entities 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 28 November 2025 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 in the UK Sanctions List and is still subject to an asset freeze and trust services sanctions.
Deleted information appears in [square brackets]. Additional information appears in italics.
Individual
MIKHAILOV, Sergey Vladimirovich
Name (non-Latin script): Сергей МИХАЙЛОВ
DOB: 17/03/1971. a.k.a: MIKHAILOV, Sergei (non-Latin script: Сергей МИХАЙЛОВ) Nationality: Russia Position: Director General of the Russian News Agency TASS Other Information: (UK Sanctions List Ref): RUS1387. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (UK Statement of Reasons): [Sergey Vladimirovich MIKHAILOV (hereafter MIKHAILOV) is the Director General of the TASS news agency, a Government of Russia-affiliated entity. As such, he is involved in obtaining a benefit from or supporting the Government of Russia.] The Secretary of State considers that there are reasonable grounds to suspect Sergey Vladimirovich MIKHAILOV is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following ground: Sergey Vladimirovich MIKHAILOV has been involved in obtaining a benefit from or supporting the Government of Russia by carrying on business as a Government of Russia affiliated entity, through his former role as Director General of the TASS news agency, a Government of Russia-affiliated entity. (Gender): Male Listed on: 04/05/2022 UK Sanctions List Date Designated: 04/05/2022 Last Updated: [21/03/2023] 28/11/2025 Group ID: 15320
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 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.
