This news release is issued to publicise the amendment of two entries 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 15 October 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
Amendment
Two entries have been amended on the UK Sanctions List and are still subject to an asset freeze.
Deleted information appears in [square brackets]. Additional information appears in italics.
Individual
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KARASEV, Igor Yurievch
Name (non-Latin script): Игорь Юрьевич Карасев
a.k.a: (1) KARASEV, Egor, Yurevich (non-Latin script: Карасев Егор Юрьевич) (2) KARASEV, Yegor, Yurievich (non-Latin script: Егор Юрьевич Карасев) (3) KARASEV, Yegor (non-Latin script: Егор Карасёв) Nationality: Russia DOB: 21/02/1987 Other Information: (UK Sanctions List Ref): RUS2745. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 17/06/2025. (UK Statement of Reasons): Igor Yurievch Karasev is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following grounds: (1) KARASEV is associated with a person who is and has been involved in destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty and independence of Ukraine, namely Yuriy Anatolievich Karasev; (2) KARASEV is or has been involved in obtaining a benefit from or supporting the Government of Russia through owning or controlling directly or indirectly (within the meaning of regulation 7) a company, RNCO Banking Zone LLC, which is carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector (3) KARSEV is or has been involved in obtaining a benefit from or supporting the government of Russia by working as a director or other manager or equivalent of an entity, Metallurg LLC, which is carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector (Gender): Male Listed on: 17/06/2025 UK Sanctions List Date Designated: 17/06/2025 Last Updated: [17/06/2025] 15/10/2025 Group ID: 16967.
Entity
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JSC SCIENTIFIC RESEARCH INSTITUTE SOLITON
Name (non-Latin script): [ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ "СОЛИТОН"] Акционерное общество "Научно-исследовательский институт "Солитон"
a.k.a: (1) [Limited Liability Company 'Soliton'] JSC SRI Soliton (2) [OOO 'Soliton'] JSC NII Soliton (3) JSC Research Institute Soliton (4) Soliton Research Institute (5) JSC Address: Ul. Aiskaya d.46, Volga Federal Region, Ufa, Russia, 450000. Other Information: (UK Sanctions List Ref): RUS2945. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 12/09/2025. (UK Statement of Reasons): JSC SCIENTIFIC RESEARCH INSTITUTE ‘SOLITON’ is an "involved person" under the Russian (Sanctions) (EU Exit) Regulations 2019 because it is or has been 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 defence sector. (Phone number): (1) +7 3472 288590 (2) +7 3472 287796 (Website): (1) http://www.soliton.ufab.ru/ (2) soliton.com.ru (Email address): soliton9@online.ru (Type of entity): [Limited Liability Company] Joint Stock Company (Business Reg No): (1) INN: 0274051744 (2) OGRN: 1167746609447 Listed on: 12/09/2025 UK Sanctions List Date Designated: 12/09/2025 Last Updated: [12/09/2025] 15/10/2025 Group ID: 17061.
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.
