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Update to UK Sanctions on Russia-Ukraine-Belarus (up to 21 December 2023)

21 Dec 2023
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Further to our blog post on UK Russia sanctions, please find below an updated table of sanctions.

  • 14 February 2022: Effected amendments to 17 entries still subject to asset freezing, removed duplicate aliases from 17 entries and amended entry related to Viktor Yanukovych (Group ID: 12891).
  • 16 February 2022: Amendment to three designated persons who remain subject to asset freeze.
  • 18 February 2022: Amending entries relating to the following individuals who are still subject to asset freeze: Oleksandr Viktorovych Yanukovych (Group ID: 12896), Petr Grigorievich Jarosh (Group ID: 12968) and Andrii Shypitsyn (Group ID: 13781).
  • 22 February 2022: Addition of asset freezes on five Russian banks: Bank Rossiya (Group ID: 14177), IS Bank (Group ID: 14178), JSC GenBank (Group ID:14180), PJSC Promsvyazbank (Group ID:14180) and Black Seal Bank for Development and Construction. Addition of asset freezes on three prominent individuals: Gennady Nikolayevich Timchenko (Group ID 14181), Boris Romanovich Rotenberg (Group ID 14182) and Igor Arkadyevich Rotenberg (Group ID 14183).
  • 23 February 2022: Amendments to the following designated persons who remain subject to asset freezing: Bank Rossiya and Black Sea Bank for Development and Construction.
  • 24 February 2022: Amendment of the following entries on the consolidated list: United Aircraft Corporation (Group ID: 13121), Uralvagonzavod (Group ID 13122) and VTB Bank (Group ID 13080).
  • 25 February 2022: Addition of Vladimir Putin and Sergei Lavrov as designated persons and imposition of asset freezes on them, see here.
  • 28 February 2022: Addition of the following designated persons to the consolidated list and the imposition of asset freezes on them VEB.RF (Group ID 14198), Bank Otkritie Financial Corporation PJSC (Group ID:14199) and PJSC Sovocombank (Group ID 141200).
  • 1 March 2022: PJSC Sberbank is made subject to additional restrictive measures on clearing in Sterling. In addition Andrei Burdyko, Victor Vladimirovich Gulevich, Sergei Simonenko, Andrey Zhuk, JSC 558 Aircraft Repair Plant and JSC Integral are all added to the asset freeze list.
  • 3 March 2022: Addition of Alisher Usmanov and Igor Shuvalov to the asset freeze and travel ban list.
  • 10 March 2022: Addition of Andrei Leonidovich KOSTIN, Alexei Borisovich MILLER, Oleg Vladimirovich DERIPASKA, Roman Arkadyevich ABRAMOVICH, Nikolai Petrovich TOKAREV, Dmitri Alekseevich LEBEDEV, Igor Ivanovich SECHIN, to the asset freeze and travel ban list.
  • 11 March 2022: 386 individuals have been added to the consolidated list and are subject to an asset freeze. See here for the names of the individuals.
  • 15 March 2022: 350 individuals have been added to the consolidated list and are subject to an asset freeze. See here for the names of the individuals.
  • 15 March 2022: Addition of Armen Sumbatovich GASPARYAN, Suleyman Abusaidovich KERIMOV, Tigray Organesovich KHUDAVERDYAN, Dmitry Yevgenevich KULIKOV, Alexey Viktorovich KUZMICHEV, Alexander Alexandrovich MIKHEEV, Vladimir Valerievich RASHEVSKY, Viktor Filippovich RASHNIKOV, Andrey Valerievich RYUMIN, Marina Vladimirovna SECHINA, Artyom Grigoryevich SHEYNIN, Alexander Nikolayevich SHOKHIN, ROSNEFT AERO, JSC ZELENODOLSK SHIPYARD to the asset freeze list.
  • 18 March 2022: Amended entries to the consolidated list and are still subject to an asset freeze are: FRIDMAN Mikhail Maratovic, AVEN Petr Olegovich, KHAN German Borisovich, TATARCHENKO Denis Sergeyevich, NEZHDANOVA Yevgeniya Vitalyevna, IGNATOVA Ekaterina Sergeevna, SHUVALOVA Maria Igorevna, KOLOKOLTSEV Vladimir, PUCHKOV Andrey Sergeevich, SHCHEGOLEV Igor Olegovich,ENBERG Liliya Arkadyevna, ROTENBERG Roman Borisovich, SHUVALOV Evgeny Igorevich, PRIGOZHIN Pavel Evgenyevich, KRANS Maksim Iosifovich, SOLOVYOV Yuri Alekseyevich, ROTENBERG Pavel Arkedyevich, RASHNIKOV Viktor Filippovich, KRAVCHENKO Vladimir Kasimirovich, LOBACH Tatyana, KIRIYENKO Vladimir Sergeevich, ULYUTINA Galina, VOLFOVICH Aleksandr Grigorievich, BOLOTOVA Maiya Nikolaevna.
  • 24 March 2022: Belarus - Addition to the asset freeze list of BANK DABRABYT JOINT STOCK COMPANY, CJSC BELBIZNESLIZING, INDUSTRIAL-COMMERCIAL PRIVATE UNITARY ENTERPRISE MINOTOR-SERVICE, JSC TRANSVIAEXPORT AIRLINES, LIMITED LIABILITY COMPANY BELINVEST-ENGINEERING, OJSC KB RADAR-MANAGING COMPANY HOLDING RADAR SYSTEM.
  • 24 March 2022: 33 individuals and 26 entities have been added to the consolidated list and are subject to an asset freeze. See here for the names of the individuals.
  • 24 March 2022: Wind down of positions involving the designated Banks, Alfa Bank JSC, GazPromBank, Rosselkhozbank, SMP Bank, Ural Bank for Reconstruction and Development and Subsidiaries of the designated persons.
  • 24 March 2022: Wind down of positions involving Bank Dabrabyt Joint Stock Company or its subsidiaries.
  • 25 March 2022: The designated entity is Russian Railways. The Joint Venture is GEFCO, a Joint Venture owned by Russian Railways and Stellantis, GEFCO S.A Rue Jean Jaures, 20-22, 92800 Puteaux, France. A Subsidiary is any entity owned or controlled by the designated entity, including GEFCO UK Ltd, GEFCO Forwarding UK, Auto XP Limited and XP Tech Limited. NOTE: This was revoked on 12 April 2022.
  • 25 March 2022: SOVCOMFLOT has been amended and is still under the asset freeze list and Oleg Yurievich TINKOV and Eugene Markovich SHVIDLER have also been corrected.
  • 29 March 2022: The designated entity is Sovcomflot. This licence allows a person (other than the designated entity or a subsidiary) to wind down any transactions to which it is party involving the designated entity or a subsidiary including the closing out of any positions.
  • 31 March 2022: 14 entries have been added to the consolidated list and are now subject to an asset freeze.
    • The 12 designated individuals are: ANISIMOV Anton Sergeevich, ARESHEV Andrey Grigoryevich, BESPALOV Anton Sergeyevich, BRILEV Sergey Borisovich, BUBNOVA Irina Sergeyevna, MAKSIMENKO Vladimir Ilich, MIZINTSEV Mikhail Yevgenyevich, NIKOLOV Alexey Lvovich, SAENKO Sergei Ivanovich, SKOROKHODOVA Natalya Petrovna, ZAMLELOVA Svetlana Georgiyevna, ZHAROV Aleksandr Aleksandrovich.
    • The two designated entities are: ROSSIYA SEGODNYA and TV-NOVOSTI.
  • 31 March 2022: The following entries have been added to the consolidated list and are now subject to an asset freeze; PHOTON PRO LLP, MAJORY LLP, DJECO GROUP LP.
  • 4 April 2022: Amended entry to the consolidated list is Andrey Anatolyevich TURCHAK and is still subject to an asset freeze.
  • 5 April 2022: Amended entry to the consolidated list is Wagner Group and is still subject to an asset freeze.
  • 6 April 2022: 10 entries have been added to the consolidated list and are now subject to an asset freeze.
    • The 8 individuals are: IVANOV Sergei Sergeivich, ROTENBERG Boris Borisovich, AKIMOV Andrey Igorevich, DYUKOV Alexander Valeryevich, KOGOGIN Sergey Anatolyevich, GURYEV Andrey Grigoryevich, MIKHELSON, Leonid Viktorovich, KANTOR, Viatcheslav
    • The two designated entities are: CREDIT BANK OF MOSCOW and PJSC SBERBANK (PUBLIC JOINT-STOCK COMPANY SBERBANK).
  • 8 April 2022: Three entries have been added to the consolidated list and are now subject to an asset freeze: Katerina Vladimirovna Tikhonova, Maria Vladimirovna Vorontsova, Yekaterina Sergeyevna Vinokurova Further, the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze: Evgeny Alekseevich Fedorov.
  • 11 April 2022: The following entries have been amended and are still subject to an asset freeze: Evgeny Alekseevich FEDOROV, Tigran Organesovich KHUDAVERDYAN, Katerina Vladimirovna TIKHONOVA.
  • 13 April 2022: 206 entries have been added to the Consolidated List and are now subject to an asset freeze. Further details can be found in the annex of the Notice, here.
  • 13 April 2022: 9 individuals have been corrected to the consolidated list and are still subject to an asset freeze: AZARENOK Grigoriy Yurievich, EISMONT Natalia Nikolayevna, IPATAU Vadzim Dzmitryevich, HUSTYR Yulia Chaslavauna, KALINOUSKY Siarhei Aliakseevich, KASYANCHYK Alina Sergeevna, LUKASHENKO Viktor Aliaksandravich, SAKALOUSKI Ivan Yurievich, YARMOSHINA Lidzia Mihailauna.
  • 14 April 2022: The following individuals have been added to the consolidated list and are now subject to an asset freeze: Eugene Tenenbaum, David Davidovich.
  • 21 April 2022: 26 entries have been added to the consolidated list and are now subject to an asset freeze. 30 entries have been amended and are still subject to an asset freeze. Further details can be found in the annex to the Notice, here
  • 26 April 2022: 195 entries have been amended and two entries corrected under the Russia financial sanctions regime and remain subject to an asset freeze. Further details can be found in the annex of the Notice, here.
  • 4 May 2022: 63 entries have been added to the consolidated list and are now subject to an asset freeze. Also, Rossiya SEGODNYA and TV-NOVOSTI have been amended and are still subject to an asset freeze. Further details can be found in the annex of the Notice, here.
  • 5 May 2022: One entry has been added to the consolidated list and is now subject to an asset freeze and this is: EVRAZ PLC.
  • 9 May 2022: 88 entries have been amended on the consolidated list and still subject to an asset freeze. Further details can be found in the annex to the Notice, here.
  • 13 May 2022: 12 entries have been added to the consolidated list and are now subject to an asset freeze and 10 entries have been corrected on the consolidated list and are still subject to an asset freeze. Further details can be found in the annex to the Notice, here.
  • 19 May 2022: 3 entries have been added to the consolidated list and are now subject to an asset freeze and there are: JSC Rossiya Airlines, JSC Ural Airlines, PJSC Aeroflot.
  • 24 May 2022: 63 entries have been amended and are still subject to an asset freeze. Further details can be found in the annex to the Notice, here
  • 27 May 2022: 6 entries have been amended under the Belarusian regime and are still subject to an asset freeze. Further details can be found in the annex to the Notice, here
  • 27 May 2022: 299 entries have been amended under the Russia regime and are still subject to an asset freeze. Further details can be found in the annex to the Notice, here
  • 14 June 2022: 39 entries have been amended and are still subject to an asset freeze. Further information can be found in the annex to the Notice, here.
  • 16 June 2022: 12 entries have been added to the consolidated list and are now subject to an asset freeze. Further information can be found in the annex to the Notice, here.
  • 24 June 2022: 58 entries have been amended and 1 entry corrected and remain subject to an asset freeze. Further information can be found in the annex to the Notice, here.
  • 29 June 2022: 13 entries have been added and are now subject to an asset freeze. 1 entry has also been corrected under and remains subject to an asset freeze. Further information can be found in the annex to the Notice, here.
  • 4 July 2022: The following entries have been added to the consolidated list and are now subject to an asset freeze: Aleyona Anatolyevna Chuguleva, Yuriy Sergeyevich Fedin, Darya Aleksandrovna Dugina, Yevgeniy Eduardovich Glotov, Aelita Leonidovna Mamakova, Mikhail Anatolyevich Sinelin, United World International. Furthermore, 45 entries have been amended and 1 entry corrected under the Russia regime. Further information can be found in the annex to the Notice, here.
  • 5 July 2022: The following entries have been added to the consolidated list and are now subject to an asset freeze: Denis Yakovlevich GAFNER and Valeriya KALABAYEVA. The following entries have been removed from the consolidated list and are no longer subject to an asset freeze: Yakov Vladimirovich REZANTSEV and Galina ULYUTINA. The following entries have been amended and are still subject to an asset freeze: Aleksandra Aleksandrovna KAMYSHANOVA, Yevgeniya Vitalyevna NEZHDANOVA and Valeriy Ivanovich POGREBENKOV. Further information can be found in the annex to the Notice here
  • 7 July 2022: The following entity has been amended under the Belarus regime and remains subject to an asset freeze: LLC Synesis.
  • 12 July 2022: 16 entries have been amended and 2 entries corrected under the Russia financial sanctions regime and remain subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 12 July 2022: 6 entries have been amended under the Belarus financial sanctions regime and remain subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 15 July 2022: The following entries have been removed from the consolidated list and are no longer subject to an asset freeze: Didier Casimiro and Zeljko Runje The following entries have been amended under the Russia regime and remain subject to an asset freeze: Sergei Ivanovich Saenko, Vladimir Leonidovich Sivkovich, Oleg Anatolyevich Voloshyn and Alrosa
  • 20 July 2022: The following entries have been amended under the Russia regime and remain subject to an asset freeze: Irina Sergeyevna Bubnova, Sergei Sergeivich Ivanov, Natalya Petrovna Skorokhodova, Djeco Group LP, Majory LLP and Photon Pro LLP.
  • 26 July 2022: 42 entries have been added to the consolidated list and are now subject to an asset freeze. Further information can be found in the annex to this Notice, here. Also, Vadim Anatolyevich LUKASHEVICH has been corrected on the consolidated list and remains subject to an asset freeze.
  • 2 August 2022: The following entries have been added to the Russia regime and are now subject to an asset freeze: Didier Casimiro and Zeljko Runje. Also the following entry has been removed under the Russia regime and is no longer subject to an asset freeze: Olga Ayziman. 18 entries have been amended and are still subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 9 August 2022: 27 entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 23 August 2022: 42 entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze. The following entry has been removed from the Russia regime and is no longer subject to an asset freeze: Mikhail Vladimirovic Razvozhayev. Further information can be found in the annex to this Notice, here.
  • 16 September 2022: 1 entry has been added to and 3 entries removed from the Russia financial sanctions regime. Further information can be found in the annex to this Notice, here.
  • 26 September 2022: 92 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze. 3 entries have been amended and 1 entry corrected under the Russia financial sanctions regime and remain subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 30 September 2022: The following entry has been added to the consolidated list and is now subject to an asset freeze: Elvira Sakhipzadovna NABIULLINA. The following entries have been corrected and are still subject to an asset freeze: Alexey Ivanovich ISAYKIN and Alexander Dmitrievich KHARICHEV. Further information can be found in the annex to this Notice, here
  • 4 October 2022: The following entry has been added to the Russia regime and is now subject to an asset freeze: Sergei Vladimirovich Yeliseyev.
  • 20 October 2022: The following entries have been added to the consolidated list and are now subject to an asset freeze: Saeed Aghajani, Mohammad Bagheri, Seyed Hojjatollah Qureishi , Shahed Aviation Industries. The following entry has been amended on the consolidated list and remains subject to an asset freeze: Oleksandr Saulenko.
  • 2 November 2022: The following entries have been added to the Consolidated List and are now subject to an asset freeze: Alexander Grigoryevich Abramov, Alexander Vladimirovich Frolov, Airat Mintimerovich Shaimiev, Albert Kashafovich Shigabutdinov. 3 entries have also been amended under the Russia regime and remain subject to an asset freeze. Further information can be found in the Notice, here.
  • 11 November 2022: One entry has been amended and is still subject to an asset freeze: Eugene Markovich SHVIDLER. Further information can be found in the Notice, here.
  • 30 November 2022: 22 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 9 December 2022: The following entry has been added to the consolidated list and is now subject to an asset freeze: Ramil Rakhmatulovich IBATULLIN. The following entries have been corrected and are still subject to an asset freeze: Maxim Alexandrovich LOKTEV, gor Anatolievich YEGOROV, Denis Valentinovich MANTUROV. Further information can be found in the annex to this Notice, here.
  • 13 December 2022: 16 entries have been added to the consolidated list and are subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 8 February 2023: 8 individuals and 7 entities have been added to the Russia financial sanctions regime and are now subject to an asset freeze. Further information can be found in the annex to this Notice, here.
  • 24 February 2023: 92 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze. Furthermore, the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze: Nigina Zairova. Further information can be found in the annex to this Notice, here.
  • 10 March 2023: The following entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze: Oleg Nikolaevich Evtushenko, Vitaly Anatolyvich Markelov, Yuri Alexandrovich Olenin, Roman Pakhomov, Andrei Yuvenalyevich Petrov, Alexander Sergeevich Prokopiev, Ilya Vasilevich Rebrov. Furthermore, 14 entries have also been corrected under the Russia regime and remain subject to an asset freeze. The relevant notice can be found here.
  • 17 March 2023: The following entry has been amended under the Russia regime and remains subject to an asset freeze: Igor Viktorovich Makarov. The following entry has been removed from the Russia regime and is no longer subject to an asset freeze: Brian McDonald. Furthermore, the following duplicate entry has been removed from the Russia regime and remains subject to an asset freeze under the Belarus regime : Minsk Wheel Tractor Plant. Further information can be found in the annex to this Notice, here.
  • 21 March 2023: All persons currently designated under the Russia regime (1,730 entries) have been amended on the Consolidated List and are now subject to trust services sanctions. 7 entries have also been updated to reflect existing further restrictions. The 'Other Information' field for all entries has been amended to provide details of further financial restrictions, and the date trust services sanctions were imposed. All entries remain subject to an asset freeze and no further changes have been made to the Consolidated List. Further details can be found in the notice, here.
  • 22 March 2023: The following duplicate entry has been removed from the consolidated list: (Sergei Borisovich Korolyov) remains on the consolidated list under the Russia regime and the individual is still subject to an asset freeze: Sergey Borisovich Korolev. Also the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze: Alexey Viktorovich Kuzmichev.
  • 12 April 2023: 14 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze. Furthermore, the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze: Nikolay Ivanovich Bortsov. Further information can be found in the notice, here.
  • 13 April 2023: The following entries has been amended under the Russia financial sanctions regime and remain subject to an asset freeze: Tatiana Vladimirovna Evtushenkova, Felix Vladimirovich, Natalia Nikolayevna Evtushenkova and Nariman Gadzhievich Gadzhiev. OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes. Further details can be found in the Notice here.
  • 21 April 2023: The following entries have been added to the consolidated list under the Russia financial sanctions regimes and are now subject to an asset freeze: Andrey Andreevich Zadachin, Denis Vladmirovich Kolesnikov, Elena Anatolievna Lenskaya. OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes. Further details can be found in the Notice, here.
  • 16 May 2023:The following entry has been amended under the Russia financial sanctions regime: Roman Nikolaevich Lepa. OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes. Further details can be found in the Notice here.
  • 19 May 2023: 86 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust service sanctions. The following entries have been removed from the Consolidated List and are no longer subject to an asset freeze or trust services sanctions:Nikolay Yurievi Petrunin, Kyrylo Sergiyovich Stremousov, Vladimir Nikolayevich Sungorkin. Further details can be found in the Notice here.
  • 22 May 2023: The following entries have been amended and are still subject to an asset freeze and trust services sanctions: Ilya Iosifovich KLEBANOV, Valery Pavlinovich SHANTSEV, AFK SISTEMA. Further details can be found in the Notice, here.
  • 23 June 2023: The following entries have been amended and are still subject to an asset freeze and trust services sanctions: Demetris Ioannides, Galina Evgenyevna Pumpyanskaya, Dmitry Alexandrovich Pumpyansky. Further details can be found in the Notice, here.
  • 6 July 2023: The following entry has been removed from the OFIS’s Russia financial sanctions regime and is no longer subject to an asset freeze: Lev Aronovich Khasis. OFSI’s consolidated list of asset freeze targets has been updated to reflect this change.
  • 17 July 2023: 14 entries have been added and 10 entries have been amended under the UK Russia financial sanctions regime. These entries are all subject to an asset freeze and trust services sanctions. OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes and can be found here. Further details can be found in the Notice here.
  • 20 July 2023: The following entry has been removed from the Russia financial sanctions regime: Oleg Yurievich Tinkov. Furthermore, the following entry has also been corrected under the Russia financial sanctions regime and remains subject to an asset freeze and trust services sanctions: Sun Ship Management (D) Ltd. Further details can be found in the annex to the Notice, here.
  • 28 July 2023: The following entries have been amended under the Russia regime and remain subject to an asset freeze and trust services sanctions: Andrey Vladimirovich Sharonov and Eugene Tenenbaum. Further details can be found in the annex to the Notice here.
  • 31 July 2023: 6 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions. Vitaly Alexsandrovich Belitsky, Ekaterina Mikhailovna Dorokhina, Natalia Nikolaevna Dudar, Boris Georgievich Loktionov, Danila Yurievich Mikheev, Anna Evgenievna Potychko, Ella Aleksandrovna Pamfilova. Further details can be found in the annex to the Notice, here.
  • 8 August 2023: 19 entries have been added, and 1 entry has been corrected under the Russia financial sanctions regime. All entries are subject to an asset freeze and trust services sanctions. Further details can be found in the annex to the Notice.
  • 8 August 2023: The following entries have been added to the Belarus financial sanctions regime and are now subject to an asset freeze: Belomo Holding, Joint Stock Company 2566 Radioelectronic Armament Repair Plant, JSC Peleng, Open Joint Stock Company Gomel Radio Plant, Open Joint Stock Company Kidma Tech, Open Joint Stock Company Orsha Aircraft Repair Plant. Further details can be found in the annex to the Notice.
  • 31 August 2023: The following entry has been amended to the Belarus financial sanctions regime and is still subject to an asset freeze: DANA HOLDINGS A.K.A DANA ASTRA. Further details can be found in the annex to the Notice
  • 27 September 2023: The following entry has been amended under the Russia regime and remains subject to an asset freeze and trust services sanctions: Alexei Kozlov.
  • 29 September 2023: 11 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions. Further details can be found to the Notice, here
  • 8 November 2023: 29 entries have been added to the Russia financial sanctions regimeand are now subject to an asset freeze and trust services sanctions. Further details can be found in the Notice, here
  • 9 November 2023: The following entry has been removed from the Russia financial sanctions regime and is no longer subject to an asset freeze or trust services sanctions: Sergey Stognienko
  • Further details can be found in the Notice, here.
  • 6 December 2023: The following entry has been added to the Belarus financial sanctions regime and is now subject to an asset freeze: JSC DISPLAY DESIGN BUREAU. Further details can be found in the Notice, here.
  • 6 December 2023: 45 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions. More information can be found in the notice, here.
  • 8 December 2023: 17 entries have been added to the Belarus financial sanctions regime and are now subject to an asset freeze and trust services sanctions. More information can be found in the notice, here.
  • 11 December 2023: The following entry has been amended and is still subject to an asset freeze and trust services sanctions to the Russia sanctions regime: OOO MVIZION.
  • 11 December 2023: The following entries have been amended and are still subject to an asset freeze to the Belarus sanctions regime:
    Mikhail Ivanovich DOLA and Mikhail KAVALIOU.
  • 15 December 2023: 1 entry has been added and is now subject to an asset freeze, prohibitions on correspondent banking relationships and trust services sanctions: Joint-Stock Commercial Bank Novikombank and 27 entries have been amended and are all subject to an asset freeze, prohibitions on correspondent banking relationships and trust services sanctions.
  • 21 December 2023: The following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze and trust services sanctions: Yuri Alekseyevich Soloviev.

Item
Name of Instrument
Date published
Amends or implements?
Comes into force
Summary of key provisions

1

The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022

10 February 2022

Amends the Russia (Sanctions) (EU Exit) Regulations 2019

(2019 UK-Russia Regulations)

10 February 2022

The amendments broaden the categories of people and entities which are capable of being designated under the sanctions regime in the 2019 Regulations.

No new designations have actually occurred and the motivation for the amendments is of course the current threat of invasion by Russia into Ukraine’s sovereign territory.

See further our blog post here.

2

Financial Sanctions Notice

22 February 2022

Implemented under the 2019 UK-Russia Regulations

22 February 2022

The following are added to the UK consolidated list and are subject to an asset freeze:

  • Gennadiy Timchenko
  • Boris Romanovich Rotenberg
  • Igor Arkadyevich Rotenberg
  • Bank Rossiya
  • Black Sea Bank for Development and Reconstruction
  • JSC Genbank
  • IS Bank
  • PJSC Promsvyazbank

As a result, UK and BOTs individuals and entities are now prohibited from any dealings with, or providing any funds to or for the benefit of, directly or indirectly, any of the Russian banks and 2individuals. Additionally, the designated individuals are banned from entering the UK.

3

Financial Sanctions Notice

24 February 2022

Implemented under the 2019 UK-Russia Regulations

24 February 2022

The following are added to the UK consolidated list and are subject to an asset freeze:

  • Kirill Shamalov
  • Petr Fradkov
  • Denis Bortnikov
  • Yury Slyusar
  • Elena Aleksandrovna Georgieva
  • Rostec
  • Uralvagonzavod
  • Tactile Missile Corporation
  • United Aircraft Corporation
  • United Shipbuilding Corporation

As a result, UK and BOT individuals and entities are now prohibited from any dealings with, or providing any funds to or for the benefit of, directly or indirectly, any of the Russian banks and individuals. Additionally, the designated individuals are banned from entering the UK.

4

Financial Sanctions Notice (2)

24 February 2022

Implemented under the 2019 UK-Russia Regulations

24 February 2022

Additionally makes the following entities, which were subject to sectoral sanctions, additionally subject to asset freeze:

  • VTB Bank (but subject to a General Licence (GL) for wind down)
  • Uralvagonzavod
  • United Aircraft Corporation

5

UK Government Announcement

24 February 2022

[To be implemented via amendments to 2019 UK-Russia Regulations]

On-going

The following further sanctions and measures announced by the UK Government include:

  • New legislation will ensure that all major Russian banks will have their assets frozen and will be excluded from the UK financial system. This will stop them from accessing sterling and clearing payments through the UK. This included imposing a full and immediate asset freeze on VTB bank
  • Legislation will be imposed early next week to stop major Russian companies and the state from raising finance or borrowing money on UK markets
  • 100 new individuals or entities will be added to the UK’s Sanctions List
  • Aeroflot will be banned from landing in the UK
  • All dual use export licences to cover components which can be used for military purposes have been suspended with immediate effect
  • The UK will stop exports of high-tech items and oil refinery equipment in the next few days
  • There will be a limit of £50,000 on deposits Russians can make into a UK bank account
  • Removing Russia out of the SWIFT international payment system, which has been supported by the European Union and the US

Similar financial sanctions will be extended to Belarus for its role in the assault on Ukraine.

6

Financial Sanctions Notice

25 February 2022

Implemented under 2019 UK-Russia Regulations

25 February 2022

The following are added to the consolidated list and are now subject to an asset freeze:

  • Vladimir Putin
  • Sergei Lavrov

As a result, UK and BOT individuals and entities are now prohibited from any dealings with, or providing any funds to or for the benefit of, directly or indirectly, any of the Russian banks and individuals. Additionally, the designated individuals are banned from entering the UK.

7

General Licence INT/2022/1272278 (VTB)

25 February 2022

Issued under Regulation 64 of 2019 UK-Russia Regulations

Takes effect from 25 February 2022

Expires on 27 March 2022

Importantly, on 25 February 2022, the UK’s office of Financial Sanctions Implementation announced the publication of a new Russia-related general licence allowing for a 30 day wind down of positions involving VTB Bank.

General licence INT/2022/1272278 provides that any person may wind down any transaction to which it is a party which involve VTB Bank or VTB Capital plc (and any entity owned or controlled by VTB Capital plc incorporated in the UK) , including the closing out of any positions.

The GL does not authorise any act which the person carrying out the act knows, or has reasonable grounds for suspecting will result in funds or economic resources being dealt with or made available in breach of the 2019 UK-Russia Regulations, save for the specific permission mentioned above.

The GL will expire on 27 March 2022.

8

Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2022

28 February 2022

Amends the 2019 UK-Russia Regulations

1 March 2022

Existing restrictions on dealing with certain financial instruments and providing loans and credit are amended to extend the sanctions prohibitions to a broader range of transferable securities and money market instruments and loans and credit.

Further restrictions on correspondence banking relationships and processing of sterling payments are also introduced.

Introduction of power for the Secretary of State to designate persons for the purpose of that provision.

The regulations provide for exceptions to, and for licensing powers in relation to, those prohibitions. In particular, there is provision to make clear that a licence may authorise acts which would otherwise be prohibited by any of the regulations for a particular period beginning with the coming into force of the prohibition, or the date of any designation made for the purposes of those provisions. This would allow a period for persons affected to arrange their affairs to comply.

9

Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2022

28 February 2022

Amends the 2019 UK-Russia Regulations

1 March 2022

These regulations provide for significantly enhanced trade sanctions measures in relation to Russia:

  • Prohibitions on the export, supply and delivery and making available of military goods are extended to include dual use goods and"critical industry" goods
  • Prohibitions on the making available and transfer of military technology are extended to include dual use technology and critical industry technology
  • Related prohibitions on the provision of technical assistance, financial services, funds and brokering services are also extended in relation to dual use goods and technology and critical industry goods and technology

A number of exceptions from the trade prohibitions on critical-industry goods and technology are provided for as well as licensing arrangements.

10

UK Statement on Further Economic Sanctions Targeted at the Central Bank of the Russian Federation

28 February 2022

[To be implemented via amendments to 2019 UK-Russia Regulations]

On-going

Additional measures were announced on 28 February 2022 which will introduce a prohibition on UK persons undertaking financial transactions involving the Central Bank of Russia, the Russian National Wealth Fund and the Ministry of Finance of the Russian Federation and the UK Government announced that it will immediately take all necessary steps to bring into effect restrictions.

Other points to note include:

  • Restrictions on Russian financial institutions – VTB Bank was designated by the UK last week, along with five other Russian banks and it is not yet known what additional financial institutions may be subjected to restrictions
  • Restrictions to prevent Russian companies from issuing transferable securities and money market instruments in the UK, in addition to the restrictions on the Russian state raising sovereign debt
  • Powers to prevent designated banks from accessing Sterling and clearing payments through the UK

Additional trade restrictions, including a prohibition on the export of certain high-end critical technical equipment and components in sectors including electronics, telecommunications and aerospace. The announcement reiterated that trade restrictions applicable to Crimea will be extended to apply to Donetsk and Luhansk.

11

Financial Sanctions Notice

28 February 2022

Implemented under 2019 UK-Russia Regulations

28 February 2022

The following persons have been added to the UK asset freeze list:

  • VEB.RF
  • Bank Otkritie Financial Corporation PJSC
  • PJSC Sovcombank

As a result, UK and BOT individuals and entities are now prohibited from any dealings with, or providing any funds to or for the benefit of, directly or indirectly, any of the Russian banks and individuals.

12

The Russia (Sanctions) (EU Exit) (Amendment) (No. 4)

Regulations 2022

1 March 2022

Amends 2019 UK-Russia Regulations

1 March 2022

The Regulations prohibit Russian ships, and other ships specified by the Secretary of State, from entering ports in the UK There is a notification and publicity requirement where the specification power is used. The Regulations provide the Secretary of State with a power to control the movement of Russian ships or specified ships by requiring them to leave or enter specified ports, proceed to a specified place or remain where they are.

The Regulations also confer powers on the Secretary of State and harbour authorities to detain Russian ships or specified ships at ports or anchorages. The registration of ships on the UK Ship Register is prohibited where they are owned, controlled, chartered or operated by a designated person or persons connected with Russia, or where they are a specified ship.

13

Financial Sanctions Notice

1 March 2022

Implemented under 2019 UK-Russia Regulations

1 March 2022

The following entity is subject to enhanced restrictive measures:

  • PJSC Sberbank

Whilst not subject to an asset freeze, it is subject to a prohibition on correspondent banking and sterling clearing.

14

Financial Sanctions Notice

1 March 2022

Implemented under 2019 UK-Russia Regulations

1 March 2022

The following persons have been added to the UK asset freeze list:

  • Andrei Burdyko
  • Victor Vladimirovich Gulevich
  • Sergei Simonenko
  • Andrey Zhuk
  • JSC 558 Aircraft Repair Plant
  • JSC Integral

As a result, UK and BOT individuals and entities are now prohibited from any dealings with, or providing any funds to or for the benefit of, directly or indirectly, any of the Russian banks and individuals. Additionally, the designated individuals are banned from entering the UK.

15

The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2022

1 March 2022

Amends 2019 UK-Russia Regulations

1 March 2022

Prohibits the provision of financial services for the purpose of foreign exchange reserve and asset management to:

  • The Central Bank of the Russian Federation
  • The National Wealth Fund of the Russian Federation
  • The Ministry of Finance of the Russian Federation
  • An entity owned or controlled by, or acting on behalf/at the direction of, the above 3 entities

16

Russia: Regulatory Authorities – Prudential Supervision or Financial Stability (Notice)

General License INT/2022/1280976

1 March 2022

This licence is granted under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

1 March 2022

The licence pertains to VTB Capital plc and any entity owned or controlled by VTB Capital plc incorporated in the United Kingdom.

The licence relates to prudential supervision or protecting, maintaining or enhancing the stability of the financial system of the United Kingdom.

The licence takes effect from 1 March 2022 and expires on 1 March 2023.

17

Russian Banks – UK subsidiaries – Basic needs, routine holding and maintenance and the payment of legal fees" (Notice)

General License INT/2022/1280876

1 March 2022

This licence is granted under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

1 March 2022

The licence pertains to VTB Capital plc and any entity owned or controlled by VTB Capital plc incorporated in the United Kingdom.

The licence allows for the basic needs of UK subsidiaries and routine holding and maintenance o UK subsidiaries frozen funds or economic resources and the payment of legal fees.

Notifications requirements will need to be complied with.

Record keeping requirements will also need to be complied with.

The licence took effect from 1 March 2022 and expires on 1 March 2023.

18

Financial Sanctions Notice

3 March 2022

Implemented under 2019 UK-Russia Regulations

3 March 2022

The following persons have been added to the asset freeze and travel ban list:

  • Alisher Usmanov
  • Igor Shuvalov

19

Wind Down of Positions Involving Various Designated Banks

General License INT/2022/1295476

4 March 2022

This licence is granted under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

4 March 2022

The designated persons under the licence are:

  • Bank Otkritie
  • Promsvyazbank
  • Bank Rossiya
  • Sovcombank
  • Vnesheconombank (Veb)

Subsidiaries (entities owned or controlled) of any of the above are also within scope of the licence.

The licence allows persons to wind down any transactions to which the person is a party involving any of the designated persons (including JSCB Novikombank) and their subsidiaries.

The licence takes effect from 4 March and expires on 3 April 2022.

20

GENERAL LICENCE – Wind Down of Positions Sberbank

General License INT/2022/1298776

4 March 2022

This licence is granted under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

4 March 2022

The designated person under the licence is PJSC Sberbank, including any subsidiary (an entity owned or controlled by PJSC Sberbank).

The licence allows that a person may provide financial services to Sberbank for the purposes of winding down that activity.

The licence takes effect from 4 March and expires on 3 April 2022.

21

Financial Sanctions Notice

4 March 2022

Implemented under 2019 UK-Russia Regulations

4 March 2022

The notice is to issue a correction to an entry on the consolidated list brining the entry into line with the UK sanctions list.

Igor Ivanovich Shuvalov (Group ID: 14209) is still subject to an asset freeze.

22

Updated Russia Guidance

4 March 2022

Guidance for the financial and investment restrictions in Russia(Sanctions) (EU Exit) Regulations 2019

4 March 2022

The Office of Financial Sanctions is the competent authority responsible for improving the understanding, implementation and enforcement of financial sanctions in the UK. This guidance sets out an overview of the sanctions regime on Russia to date.

23

GENERAL LICENCE – Wind Down of Positions Involving VTB

General License INT/2022/1272278

7 March 2022

This licence is granted under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

7 March 2022

The designated person under the licence is VTB Bank and subsidiary entity owned or controlled by VTB Bank.

The licence allows that a person may provide financial services to VTB Bank for the purposes of winding down that activity.

The licence took effect from 25 February and expires on 27 March 2022.

24

The Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022

8 March 2022

Amends 2019 UK-Russia Regulations

8 March 2022

These regulations provide for new aviation and trade sanctions measures in relation to Russia. The Regulations confer powers on the Secretary of State, air traffic control and airport operators to prevent Russian aircraft from entering the airspace, landing in or requiring aircraft to leave the airspace of the United Kingdom.

An exception from the prohibitions is when the lives of persons and the safety of the aircraft are in danger.

25

GENERAL LICENCE: Provision of navigational data to civilian aircrafts for flight safety

General Licence INT/2022/1322576

9 March 2022

This licence is granted under regulation 32 of The Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (The Belarus Regulations).

9 March 2022

This licence pertains to provision of navigational data to civilian aircrafts for flight safety.

Records must be kept by flight data providers for up to 6 years.

The licence takes effect on 9 March 2022 and is of indefinite duration.

26

Financial Sanctions Notice

10 March 2022

Implemented under 2019 UK-Russia Regulations

10 March 2022

The following entries have been added to the consolidated list and are now subject to an asset freeze:

  • Roman Arkadyevich ABRAMOVICH
  • Igor Ivanovich SECHIN
  • Oleg Vladimirovich DERIPASKA
  • Dmitri Alekseevich LEBEDEV
  • Alexei Borisovich MILLER
  • Andrei Leonidovich KOSTIN
  • Nikolai Petrovich TOKAREV

27

GENERAL LICENCE – Football Matches

General Licence INT/2022/1327076

10 March 2022

This licence is granted under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

10 March 2022

This licence pertains to football matches and covers, who can be paid by the clubs and for what purposes.

Persons will be required under this licence to keep accurate, complete and readable records of any activity purporting to have been permitted under the licence with a value exceeding £5,000 for a minimum of 6 years.

The licence takes effect from 10 March 2022 and expires on 31 May 2022.

28

Financial Sanctions Notice

11 March 2022

Implemented under 2019 UK-Russia Regulations

11 March 2022

386 individuals have been designated on the UK sanctions list and are now subject to an asset freeze.

29

Financial Sanctions Notice

15 March 2022

Implemented under 2019 UK-Russia Regulations

15 March 2022

350 individuals have been designated on the UK sanctions list and are now subject to an asset freeze.

The following entries have been amended and are still subject to an asset freeze:

  • Anatoly Borisovich VYBORNY
  • Aleksei Mikhailovich CHALIY

30

Financial Sanctions Notice

15 March 2022

Implemented under 2019 UK-Russia Regulations

15 March 2022

The following entries have been designated on the UK sanctions list and are now subject to an asset freeze.

  • Armen Sumbatovich GASPARYAN
  • Suleyman Abusaidovich KERIMOV
  • Tigray Organesovich KHUDAVERDYAN
  • Dmitry Yevgenevich KULIKOV
  • Alexey Viktorovich KUZMICHEV
  • Alexander Alexandrovich MIKHEEV
  • Vladimir Valerievich RASHEVSKY
  • Viktor Filippovich RASHNIKOV
  • Andrey Valerievich RYUMIN
  • Marina Vladimirovna SECHINA
  • Artyom Grigoryevich SHEYNIN
  • Alexander Nikolayevich SHOKHIN
  • ROSNEFT AERO
  • JSC ZELENODOLSK SHIPYARD

The following entries have been amended and are still subject to an asset freeze:

  • Yulia Vasilievna OGLOBLINA
  • Anatoly Vladimirovich VORONOVSKY
  • Mikhail Nikolaevich BERULAVA
  • Oleg Dmitrievich DIMOV
  • Sergei Mikhailovich SOKOL
  • Tatyana Ivanovna DYAKONOVA
  • Dmitri Alekseevich LEBEDEV
  • Anatoly Alexandrovich WASSERMAN

31

Financial Sanctions Notice

18 March 2021

Implemented under 2019 UK-Russia Regulations

18 March 2021

The following entries have been corrected and are still subject to an asset freeze:

  • FRIDMAN Mikhail Maratovic
  • AVEN Petr Olegovich
  • KHAN German Borisovich
  • TATARCHENKO Denis Sergeyevich
  • NEZHDANOVA Yevgeniya Vitalyevna
  • IGNATOVA Ekaterina Sergeevna
  • SHUVALOVA Maria Igorevna
  • KOLOKOLTSEV Vladimir
  • PUCHKOV Andrey Sergeevich
  • SHCHEGOLEV Igor Olegovich
  • ENBERG Liliya Arkadyevna
  • ROTENBERG Roman Borisovich
  • SHUVALOV Evgeny Igorevich
  • PRIGOZHIN Pavel Evgenyevich
  • KRANS Maksim Iosifovich
  • SOLOVYOV Yuri Alekseyevich
  • ROTENBERG Pavel Arkedyevich
  • RASHNIKOV Viktor Filippovich
  • KRAVCHENKO Vladimir Kasimirovich
  • LOBACH Tatyana
  • KIRIYENKO Vladimir Sergeevich
  • ULYUTINA Galina
  • VOLFOVICH Aleksandr Grigorievich
  • BOLOTOVA Maiya Nikolaevna

32

GENERAL LICENCE – Wind down of derivatives, repurchase, and reverse repurchase transactions

General Licence INT/2022/1381276

22 March 2022

Implemented under 2019 UK-Russia Regulations

22 March 2021

For the purposes of this General Licence the entities referred to consist of the:

  • Central Bank of the Russian Federation (CBR)
  • National Wealth Fund of the Russian Federation (NWF)
  • Ministry of Finance of the Russian Federation (MF)

Under General Licence INT/2022/1381276 a Person may provide financial services for the purposes of winding down any derivatives, repurchase, and reverse repurchase transactions entered into prior to 1st March 2022 with the CBR, the NWF or the MF. A Person or Relevant Institution, can carry out any activity reasonably necessary to effect this.

33

Updated Financial Sanctions General Guidance

22 March 2022

22 March 2022

New paragraph (4.14) added to the Ownership and Control subject and clarifies OFSI's position on aggregation and reads as follows:

"When making an assessment on ownership and control, OFSI would not simply aggregate different designated persons’ holdings in a company, unless, for example, the shares or rights are subject to a joint arrangement between the designated parties or one party controls the rights of another. Consequently, if each of the designated person's holdings falls below the 50% threshold in respect of share ownership and there is no evidence of a joint arrangement or that the shares are held jointly, the company would not be directly or indirectly owned by a designated person.

It should be noted that ownership and control also  relates to holding more than 50% of voting rights, the right to appoint or remove a majority of the board of directors and it being reasonable to expect that a designated person would be able in significant respects to ensure that the affairs of a company are conducted in accordance with their wishes. If any of these apply, the company could be controlled by a designated person."

34

Financial Sanctions Notice

Belarus

24 March 2021

Implemented under 2019 Belarus (Sanctions) (EU Exit) Regulations

24 March 2022

The following entries have been added to the consolidated list and are subject to an asset freeze:

  • BANK DABRABYT JOINT STOCK COMPANY
  • CJSC BELBIZNESLIZING (
  • INDUSTRIAL-COMMERCIAL PRIVATE UNITARY ENTERPRISE MINOTOR-SERVICE
  • JSC TRANSVIAEXPORT AIRLINES
  • LIMITED LIABILITY COMPANY BELINVEST-ENGINEERING
  • OJSC KB RADAR-MANAGING COMPANY HOLDING RADAR SYSTEM

35

Financial Sanctions Notice

Russia

24 March 2022

Implemented under 2019 UK-Russia Regulations

24 March 2022

33 individuals and 26 entities have been designated on the UK sanctions list and are now subject to an asset freeze.

36

GENERAL LICENCE – Wind Down of Positions Involving Various Designated Banks

General License INT/2022/1424276

24 March 2022

Implemented under 2019 UK-Russia Regulations

24 March 2022

Under this license, the designated persons (DPs) are:

  • Alfa Bank JSC
  • GazPromBank
  • Rosselkhozbank
  • SMP Bank
  • Ural Bank for Reconstruction and Development
  • Subsidiaries of the DPs

The GL permits a person (other than the DPs or a subsidiary) to wind down any transactions to which it is party including the closing out of positions. A person, relevant institution, or the DPs or a subsidiary, can carry out any activity reasonably necessary to effect this.

37

GENERAL LICENCE – Wind Down of Positions Involving Bank Dabrabyt

General License INT/2022/1424277

24 March 2022

Implemented under 2019 Belarus (Sanctions) (EU Exit) Regulations

24 March 2022

This license allows a person to wind down any transactions to which it is party including the closing out of positions with Bank Dabrabyt Joint Stock Company or its subsidiaries.

38

AmendedGENERAL LICENCE - Wind down of derivatives, repurchase, and reverse repurchase transactions with the Central Bank of the Russian Federation, National Wealth Fund of the Russian Federation and Ministry of Finance of the Russian Federation

General License INT/2022/1381276

24 March 2022

Implemented under 2019 UK-Russia Regulations

24 March 2022

The amendment clarifies that:

"Under General Licence INT/2022/1381276 a Person may provide financial services for the purposes of winding down any derivatives, repurchase, and reverse repurchase transactions entered into prior to 1 March 2022 with the CBR, the NWF or the MF or those persons set out in regulation 18A d to e of the Russia Regulations. A Person or Relevant Institution can carry out any activity reasonably necessary to effect this."

39

Financial Sanctions Notice

25 March 2022

Implemented under 2019 UK-Russia Regulations

25 March 2022

The following entry has been amended and is still subject to an asset freeze:

  • SOVCOMFLOT

Also the following entries have been corrected:

  • Oleg Yurievich TINKOV
  • Eugene Markovich SHVIDLER

40

GENERAL LICENCE – Continuation of Business and Basic Needs of GEFCO UK Subsidiaries

General License INT/2022/1438977

NOTE: This has since been revoked, see row 54 below for more details.

25 March 2022

Implemented under 2019 UK-Russia Regulations

25 March 2022

Under this license the designated entity is Russian Railways. The Joint Venture is GEFCO, a Joint Venture owned by Russian Railways and Stellantis, GEFCO S.A Rue Jean Jaures, 20-22, 92800 Puteaux, France.

A Subsidiary is any entity owned or controlled by the designated entity, including:

  • GEFCO UK Ltd
  • GEFCO Forwarding UK
  • Auto XP Limited
  • XP Tech Limited

Under this licence a Person may continue business operations involving the Joint Venture or its Subsidiaries including, but not limited to: Payments to or from the Joint Venture or its Subsidiaries under any obligations or contracts; Payments to or from any third party necessary to the continuation of any obligations or contracts.

41

GENERAL LICENCE – Wind Down of Positions Involving Sovcomflot

General License INT/2022/1469378

29 March 2022

Implemented under 2019 UK-Russia Regulations

29 March 2022

Under this license the designated entity is Sovcomflot. A subsidiary is any entity owned or controlled by the designated entity.

This licence allows a person (other than the designated entity or a subsidiary) to wind down any transactions to which it is party involving the designated entity or a subsidiary including the closing out of any positions.

42

The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022

30 March 2022

Amends 2019 UK-Russia Regulations

30 March 2022

These amendments introduce a power to designate persons by description, extend existing finance, trade and shipping sanctions measures in relation to Crimea and Sevastopol to the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine. The amendments introduce prohibitions on technical assistance relating to aircraft and ships, for the purposes set out in regulation 4 of the 2019 Regulations.

43

Updated Russia Guidance

31 March 2022

Amends 2019 UK-Russia Regulations

31 March 2022

This guidance has been updated to reflect extending the financial restrictions in place to all non-government controlled Ukrainian Territory.

44

Financial Sanctions Notice

31 March 2022

Implemented under 2019 UK-Russia Regulations

31 March 2022

14 entries (12 individuals and 2 entities) have been added to the consolidated list and are now subject to an asset freeze.

45

Financial Sanctions Notice

31 March 2022

Implemented under 2019 UK-Russia Regulations

31 March 2022

Under this license, the following entities have been added to the consolidated list and are now subject to an asset freeze.

  • PHOTON PRO LLP
  • MAJORY LLP
  • DJECO GROUP LP

46

GENERAL LICENCE – Payments by the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation related to debt issued by them before 1 March 2022.

General License INT/2022/1495176

1 April 2022

Implemented under 2019 UK-Russia Regulations

1 April 2022

Under this licence, a Person may provide financial services for the purposes of the receipt and onward transfer of non-rouble denominated interest/coupon or maturity/principal payments from the Central Bank of the Russian Federation, the National Wealth Fund of the Russian Federation, or the Ministry of Finance of the Russian Federation (or those persons set out in regulation 18A (2) (d) - (e) of the Russia Regulations) in connection with debt issued by them before 1 March 2022. A Person or Relevant Institution can carry out any activity reasonably necessary to effect this.

47

Financial Sanctions Notice

4 April 2022

Implemented under 2019 UK-Russia Regulations

4 April 2022

This entry has been amended and is still subject to an asset freeze:

  • Andrey Anatolyevich TURCHAK

48

Financial Sanctions Notice

5 April 2022

Implemented under 2019 UK-Russia Regulations

5 April 2022

This entry has been amended and is still subject to an asset freeze:

  • WAGNER GROUP

49

Financial Sanctions Notice

6 April 2022

Implemented under 2019 UK-Russia Regulations

6 April 2022

10 entries have been added to the consolidated list and are now subject to an asset freeze:

Individuals listed:

  • IVANOV Sergei Sergeivich
  • ROTENBERG, Boris Borisovich
  • AKIMOV, Andrey Igorevich
  • DYUKOV, Alexander Valeryevich
  • KOGOGIN, Sergey Anatolyevich
  • GURYEV, Andrey Grigoryevich
  • MIKHELSON, Leonid Viktorovich
  • KANTOR, Viatcheslav

Entities listed:

  • CREDIT BANK OF MOSCOW
  • PJSC SBERBANK (PUBLIC JOINT-STOCK COMPANY SBERBANK)

The following entries have been amended and are still subject to an asset freeze:

  • GAZPROMBANK
  • RUSSIAN AGRICULTURAL BANK
  • PUBLIC JOINT STOCK COMPANY"UNITED AIRCRAFT CORPORATION
  • JSC RESEARCH AND PRODUCTION CORPORATION URALVAGONZAVOD
  • VEB.RF
  • VTB BANK (PUBLIC JOINT-STOCK COMPANY)

50

GENERAL LICENCE –Wind Down of Positions Involving Credit Bank of Moscow

General License INT/2022/1544176

6 April 2022

Implemented under 2019 UK-Russia Regulations

6 April 2022

Under this General Licence a Person (other than the Designated Person (DP) or a Subsidiary) may wind down any transactions to which it is a party, involving the DPs or a Subsidiary including the closing out of any positions, and a Person, Relevant Institution, or the DPs or a Subsidiary can carry out any activity reasonably necessary to effect this.

51

GENERAL LICENCE: Asset Freeze, Correspondent Banking Relationships & Processing

Amended General License INT/2022/1277877

6 April 2022

Implemented under 2019 UK-Russia Regulations

6 April 2022

This General Licence has been amended. Now that Sberbank is subject to an asset freeze under the Russia (Sanctions) (EU Exit) Regulations 2019, this amendment ensures that the General Licence in respect of energy related payments may continue to be used.

52

Financial Sanctions Notice

8 April 2022

Implemented under 2019 UK-Russia Regulations

8 April 2022

The following entries have been added to the consolidated list and are now subject to an asset freeze:

  • Katerina Vladimirovna Tikhonova
  • Maria Vladimirovna Vorontsova
  • Yekaterina Sergeyevna Vinokurova

Further, the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze:

  • Evgeny Alekseevich Fedorov

53

Financial Sanctions Notice

11 April 2022

Implemented under 2019 UK-Russia Regulations

11 April 2022

The following entries have been amended and are still subject to an asset freeze:

  • Evgeny Alekseevich FEDOROV
  • Tigran Organesovich KHUDAVERDYAN
  • Katerina Vladimirovna TIKHONOVA

54

GENERAL LICENCE – Continuation of Business and Basic Needs of GEFCO UK Subsidiaries

RevokedGeneral License INT/2022/1438977

12 April 2022

Implemented under 2019 UK-Russia Regulations

12 April 2022

This General License has been revoked. This is following the sale of Russian Railways' stake in GEFCO to non-designated persons, meaning GEFCO is no longer impacted by UK sanctions.

The sale was completed on 8 April 2022.

55

Financial Sanctions Notice

Russia

13 April 2022

Implemented under 2019 UK-Russia Regulations

13 April 2022

206 entries have been added to the consolidated list and are now subject to an asset freeze.

56

Financial Sanctions Notice

Belarus

13 April 2022

Implemented under 2019 Belarus (Sanctions) (EU Exit) Regulations

13 April 2022

9 individuals have been corrected to the consolidated list and are still subject to an asset freeze:

  • AZARENOK Grigoriy Yurievich
  • EISMONT Natalia Nikolayevna
  • IPATAU Vadzim Dzmitryevich
  • HUSTYR Yulia Chaslavauna
  • KALINOUSKY Siarhei Aliakseevich
  • KASYANCHYK Alina Sergeevna
  • LUKASHENKO Viktor Aliaksandravich
  • SAKALOUSKI Ivan Yurievich
  • YARMOSHINA Lidzia Mihailauna

57

Financial Sanctions Notice

14 April 2022

Implemented under 2019 UK-Russia Regulations

14 April 2022

The following individuals have been added to the consolidated list and are now subject to an asset freeze:

  • Eugene Tenenbaum
  • David Davidovich

58

The Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022

14 April 2022

Amends 2019 UK-Russia Regulations

14 April 2022

This instrument provides for a number of trade restrictions. These include:

  • to prohibit the export, supply and delivery, making available and transfer of Quantum computing and advanced materials-related goods and technology to, or for the use in, Russia, or to a person connected with Russia (as well as related technical assistance, financial services, funds and brokering services);
  • to prohibit the export, supply and delivery, making available and transfer of oil refining goods and technology (including oil catalysts) to, or for use in, Russia, or to a person connected with Russia (as well as, where appropriate, related technical assistance, financial services, funds and brokering services).
  • to prohibit the export of export, supply, delivery, making available and transfer of certain luxury goods, to, or for use in, Russia, or to a person connected with Russia. 3 7.7
  • This instrument also amends the 2019 Regulations to introduce a new prohibition on the import, acquisition, supply and delivery of certain iron and steel products originating in or consigned from Russia.
  • The purpose of this measure is to limit Russia’s exporting capability in a major market. 7.8
  • The instrument also makes amendments to the 2019 Regulations to provide for exceptions from these measures, licensing and enforcement, including the expansion of criminal offences.

59

Notice NTE 2022/14: Introduction of additional sanctions against Russia

14 April 2022

Implemented under 2019 UK-Russia Regulations

14 April 2022

This Notice is giving guidance on the new trade sanctions on Russia by the newly issued Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022. See line 58.

60

Notice 2953: Russia import sanctions

14 April 2022

Implemented under 2019 UK-Russia Regulations

14 April 2022

Updated Notice to provide an overview of the import prohibitions on certain goods imported into the UK and sets out the licensing process for traders looking to import goods subject to prohibitions

61

Financial Sanctions Notice

Russia

21 April 2022

Implemented under 2019 UK-Russia Regulations

21 April 2022

26 entries have been added to the consolidated list and are now subject to an asset freeze and 30 entries have been amended and are still subject to an asset freeze.

62

GENERAL LICENCE: Gazprombank Energy Payments

General License INT/2022/1630477

21 April 2022

Implemented under 2019 UK-Russia Regulations

21 April 2022

Under this General Licence a Person may continue to make payments to Gazprombank or a Subsidiary under a contract entered into prior to the date of this licence for the purpose of making Gas available for use in the European Union and a Person, Relevant Institution, or Gazprombank, or a Subsidiary can carry out any activity reasonably necessary to effect this including the opening and closing of bank accounts.

A Person making payments under this licence must keep accurate, complete and readable records,on paper or electronically, of any activity purporting to have been permitted under this licence for a minimum of 6 years.

63

GENERAL LICENCE - Russian Banks – UK subsidiaries - Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments

Amended General License INT/2022/1280876

22 April 2022

Implemented under 2019 UK-Russia Regulations

22 April 2022

This General Licence has been amended to also include Sberbank CIB (UK) Ltd.

64

Financial Sanctions Notice

26 April 2022

Implemented under 2019 UK-Russia Regulations

22 April 2022

195 entries have been amended and 2 entries corrected under the Russia financial sanctions regime and remain subject to an asset freeze.

65

GENERAL LICENCE: Law Enforcement and Regulatory Authorities Asset Recovery

General licence - INT/2022/1679676

27 April 2022

Implemented under 2019 UK-Russia Regulations

27 April 2022

Under General Licence INT/2022/1679676, subject to the conditions set out in that licence, an officer of a Non-Crown Relevant Organisation is permitted to carry out their duties including through making use of powers available to them under UK legislation or common law for Asset Recovery Purposes.

66

The Russia (Sanctions) (EU Exit) (Amendment) (No. 9) Regulations 2022

29 April 2022

Amends 2019 UK-Russia Regulations

29 April 2022

This instrument is made under the Sanctions and Anti-Money Laundering Act 2018 (‘the Sanctions Act’) to make amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (‘the 2019 Regulations’). These amendments will introduce new trade sanctions measures relating to internet services and online media services, for the purposes set out in regulation 4 of the 2019 Regulations.

This instrument amends Part 5 (Trade) of the 2019 Regulations, which contains trade sanctions measures, and makes related consequential amendments. This instrument provides for a number of restrictions in the form of trade in services sanctions. It introduces requirements that: Social media services, including video sharing platforms, must take reasonable steps to prevent content that is generated directly on the service, or uploaded to or shared on the service, by a designated person being encountered by a user of the service in the United Kingdom. Internet access services, including fixed and wireless broadband providers, must take reasonable steps to prevent users of the service in the United Kingdom from accessing websites provided by a designated person. This will likely take the form of URL blocking. Application stores, including those on smartphones, must take reasonable steps to prevent users of the application store in the United Kingdom from downloading or otherwise accessing an application provided by a designated person.

The instrument confers powers on the Secretary of State to designate persons to whom these online restrictions will apply. The instrument also confers on the Office of Communications (Ofcom) the power to impose civil monetary penalties on a person who fails to comply with the new trade sanctions. Failing to comply with the new sanctions is also a criminal offence.

67

Financial Sanctions Notice

04 May 2022

Implemented under 2019 UK-Russia Regulations

04 May 2022

63 entries have been added to the consolidated list and are now subject to an asset freeze.

The following 2 entries have been amended and are still subject to an asset freeze:

  • Rossiya SEGODNYA
  • TV-NOVOSTI

68

GENERAL LICENCE – Continuation of Business of Evraz Plc’s North American Subsidiaries

General licence - INT/2022/1710676

05 May 2022

Implemented under regulation 64 of 2019 UK-Russia Regulations

05 May 2022

Under General Licence INT/2022/1710676, a person may continue business operations involving the North American Subsidiaries of Evraz including but not limited to payments to or from the North American Subsidiaries under any obligations or contracts; payments to or from any third party under any obligations or contracts; and receipt of payments made by the North American Subsidiaries for audit services. Evraz North America plc is also permitted to pay for the audit services referred to in the previous sentence.

69

Financial Sanctions Notice

05 May 2022

Implemented under 2019 UK-Russia Regulations

05 May 2022

The following entry has been added to the consolidated list and is now subject to an asset freeze:

  • EVRAZ PLC

70

Financial Sanctions Notice

09 May 2022

Implemented under 2019 UK-Russia Regulations

09 May 2022

88 entries have been amended on the consolidated list and still subject to an asset freeze.

71

GENERAL LICENCE – Amsterdam Trade Bank N.V – winding down, basic needs and insolvency related payments

General licence - INT/2022/1678476

12 May 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

12 May 2022

Under General Licence INT/2022/1678476, there are provisions relating to winding down, basic needs and insolvency related payments in connection with Amsterdam Trade Bank N.V

72

Financial Sanctions Notice

13 May 2022

Implemented under 2019 UK-Russia Regulations

13 May 2022

12 entries have been added to the consolidated list and are now subject to an asset freeze. Furthermore, 10 entries have been amended and remain subject to an asset freeze.

73

Financial Sanctions Notice

19 May 2022

Implemented under 2019 UK-Russia Regulations

19 May 2022

The following entries have been added to the consolidated list and are now subject to an asset freeze:

  • JSC Rossiya Airlines
  • JSC Ural Airlines
  • PJSC Aeroflot

74

GENERAL LICENCE – Russian Travel

23 May 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

23 May 2022

Under this licence, subject to the conditions below:

  • A United Kingdom Person may purchase tickets from a Designated Person or any Subsidiary for flights or rail journeys originating in, or within, Russia.
  • A United Kingdom Person, Relevant Institution or Designated Person may carry out any activity reasonably necessary to effect the purchase of tickets for flights or rail journeys in accordance with paragraph above.

75

Financial Sanctions Notice

24 May 2022

Implemented under 2019 UK-Russia Regulations

24 May 2022

63 entries have been amended and are still subject to an asset freeze.

76

Financial Sanctions Notice

Belarus

27 May 2022

Implemented under 2019 Belarus (Sanctions) (EU Exit) Regulations

27 May 2022

6 entries have been amended under the Belarus regime and are still subject to an asset freeze.

77

Financial Sanctions Notice

Russia

27 May 2022

Implemented under 2019 UK-Russia Regulations

27 May 2022

299 entries have been amended under the Russia regime and are still subject to an asset freeze.

78

GENERAL LICENCE – Continuation of Business and Basic Needs for Telecommunications Services and News Media Services

General licence - INT/2022/1875276

30 May 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

30 May 2022

Under General licence INT/2022/1875276, business operations involving the provision of Civilian Telecommunication Services that include ZAO TransTeleCom Company, can continue subject to the conditions contained in the licence. The licence also permits business operations related to News Media Services to continue subject to certain conditions.

79

GENERAL LICENCE – Russia Designated Persons – Charities and Interim Managers and trustees

General licence - INT/2022/1834876

30 May 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

30 May 2022

General licence – INT/2022/1834876, allows for Interim Managers and trustees to act as receiver(s) and manager(s) in respect of the property and affairs of a charity, as specified in this General Licence. The full details of the permissions and usage requirements can be found within the General licence, here and the Publication Notice here.

80

Guidance

Trading under sanctions with Russia

08 June 2022

Implemented under 2019 UK-Russia Regulations

08 June 2022

This Guidance is issued to advise what import and export restrictions apply due to sanctions for UK companies when trading with Russia.

81

GENERAL LICENCE – Funds of non-designated third parties involving designated credit or financial Institutions

General licence - INT/2022/1919908

10 June 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

10 June 2022

Under General Licence INT/2022/1919908:

  • Subject to the conditions set out in the licence a Person may make use of the retail banking services of a designated Credit or Financial Institution provided that the payments made or received are intended for the personal use of a Person;
  • During the period from the Date of Issue to the Date of Expiry (inclusive), a Person may only make payments in accordance with paragraph 4.1 of the licence provided that the total value of such payments made by the Person does not exceed £50,000; and
  • A Relevant Institution may process payments made in accordance with the permissions above provided that the total value of such payments processed by that Relevant Institution during the period from the Date of Issue to the Date of Expiry (inclusive) in respect of a Person does not exceed £50,000.

Reporting Requirement - General Licence INT/2022/1919908 includes a reporting requirement that within 14 days of processing a payment in accordance with paragraphs 4.1 and 4.3 of the licence, a Relevant Institution must report to HM Treasury, with details and supporting evidence of:

  • The amount(s) processed;
  • The payment route used; and
  • The date on which the funds were processed.

82

Guidance

Russia sanctions: notes on designations data

10 June 2022

Implemented under 2019 UK-Russia Regulations

10 June 2022

This guidance note is published to explain how the UK Government collates this data on designations and what it means.

83

Financial Sanctions Notice

14 June 2022

Implemented under 2019 UK-Russia Regulations

14 June 2022

39 entries have been amended to the consolidated list and are still subject to an asset freeze. Further information can be found in the annex of the Notice.

84

Financial Sanctions Notice

16 June 2022

Implemented under 2019 UK-Russia Regulations

16 June 2022

12 entries have been added to the consolidated list and are now subject to an asset freeze. Further information can be found in the annex of the Notice.

85

The Russia (Sanctions) (EU Exit) (Amendment) (No.10) Regulations 2022

22 June 2022

Amends 2019 UK-Russia Regulations

23 June 2022

The Regulations and the Notice 2022/18 adopted further trade sanctions, that include;

Prohibitions on the export, supply and delivery, making available and transfer (as well as related technical assistance, financial services, funds and brokering services) of:

  • internal repression goods and technology
  • goods and technology relating to chemical and biological weapons
  • maritime goods and technology
  • additional oil refining goods and technology
  • additional critical industry goods and technology

Prohibitions on the export to, or for use in Russia of jet fuel and fuel additives, as well as prohibitions on the making available, export, and supply, directly or indirectly, of such products to Russia or for use in Russia (as well as related technical assistance, financial services, funds, and brokering services).

Prohibitions on the export to, or for use in, Russia, of Sterling or EU denominated banknotes; as well as prohibitions on the making available, supply, or delivery of such banknotes to a person connected with Russia; and on the making available of such banknotes for use in Russia.

Some of the above prohibitions will relate to Russia, and the non-government controlled Ukraine territories.

Prohibitions on the import, acquisition or supply and delivery of revenue generating goods that originate in or are consigned from Russia (as well as related technical assistance, financial services, funds, and brokering services.

Prohibitions on the provision of technical assistance, and financial services, funds, and brokering services relating to iron and steel imports.

86

Financial Sanctions Notice

24 June 2022

Implemented under 2019 UK-Russia Regulations

24 June 2022

58 entries have been amended and 1 entry corrected and remain subject to an asset freeze. Further information can be found in the annex of the Notice.

87

Financial Sanctions Notice

29 June 2022

Implemented under 2019 UK-Russia Regulations

29 June 2022

13 entries have been added and are now subject to an asset freeze. 1 entry has also been corrected under and remains subject to an asset freeze.

88

GENERAL LICENCE – Wind Down of Positions Involving Rosbank

General licence - INT/2022/1968500

30 June 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

30 June 2022

General Licence INT/2022/1968500 allows for a 30 day wind down period of positions involving Rosbank PJSC (Rosbank) or any entity owned or controlled by Rosbank.

89

Financial Sanctions Notice

4 July 2022

Implemented under 2019 UK-Russia Regulations

4 July 2022

The following entries have been added to the consolidated list and are now subject to an asset freeze:

  • Aleyona Anatolyevna Chuguleva
  • Yuriy Sergeyevich Fedin
  • Darya Aleksandrovna Dugina
  • Yevgeniy Eduardovich Glotov
  • Aelita Leonidovna Mamakova
  • Mikhail Anatolyevich Sinelin
  • United World International

Furthermore, 45 entries have been amended and 1 entry corrected under the Russia regime. Further information can be found in the annex to this Notice.

90

GENERAL LICENCE – Financial services regarding wind down of derivatives, repurchase, and reverse repurchase transactions with the National Bank of Belarus, and Ministry of Finance of Belarus.

General Licence - INT/2022/1976232

5 July 2022

Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 ("the Belarus Regulations")

5 July 2022

This General Licence allows a period of until 04 August 2022 for a Person to provide financial services for the purpose of winding down any derivatives, repurchase, and reverse repurchase transactions entered into prior to 05 July 2022 involving:

  • National Bank of Belarus (NBB);
  • Ministry of Finance of Belarus (MF); and
  • Those persons set out in regulation 15CA c to d of the Belarus Regulations.

91

GENERAL LICENCE: Transferable securities, money-market instruments, loans and credit arrangements

General Licence - INT/2022/1976332

5 July 2022

Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 (the Belarus Regulations)

5 July 2022

This General Licence allows for a 7-day wind down period in respect of, category C loans (as defined by Regulation 15B (5)) as well as transferable securities and money market instruments (as defined by Regulation 15A (2C)).

92

Financial Sanctions Notice

5 July 2022

Implemented under 2019 UK-Russia Regulations

5 July 2022

The following entries have been added to the consolidated list and are now subject to an asset freeze:

  • Denis Yakovlevich GAFNER
  • Valeriya KALABAYEVA

The following entries have been removed from the consolidated list and are no longer subject to an asset freeze:

  • Yakov Vladimirovich REZANTSEV
  • Galina ULYUTINA

The following entries have been amended and are still subject to an asset freeze:

  • Aleksandra Aleksandrovna KAMYSHANOVA
  • Yevgeniya Vitalyevna NEZHDANOVA
  • Valeriy Ivanovich POGREBENKOV

93

Financial Sanctions Notice

Belarus

7 July 2022

Implemented under 2019 UK-Belarus Regulations

7 July 2022

The following entity has been amended under the Belarus regime and remains subject to an asset freeze:

  • LLC Synesis

94

GENERAL LICENCE: Humanitarian Activity

General Licence - INT/2022/1947936

7 July 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

7 July 2022

Under General Licence INT/2022/1947936 relevant persons seeking to undertake humanitarian activity in relation to the conflict in Ukraine do not need to apply for individual licences from OFSI, but instead can rely on the permissions within this General Licence.

95

Financial Sanctions Notice

12 July 2022

Implemented under 2019 UK-Russia Regulations

12 July 2022

16 entries have been amended and 2 entries corrected under the Russia financial sanctions regime and remain subject to an asset freeze.

96

Financial Sanctions Notice

Belarus

12 July 2022

Implemented under 2019 UK-Belarus Regulations

12 July 2022

6 entries have been amended under the Belarus financial sanctions regime and remain subject to an asset freeze.

97

Financial Sanctions Notice

15 July 2022

Implemented under 2019 UK-Russia Regulations

15 July 2022

The following entries have been removed from the consolidated list and are no longer subject to an asset freeze:

  • Didier Casimiro
  • Zeljko Runje

The following entries have been amended under the Russia regime and remain subject to an asset freeze:

  • Sergei Ivanovich Saenko
  • Vladimir Leonidovich Sivkovich
  • Oleg Anatolyevich Voloshyn
  • Alrosa

98

Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022

15 July 2022

Amends 2019 UK-Russia Regulations

15 July 2022

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) ("the 2019 Regulations"). Regulations 3 to 8 and 12(2) to (5) and (8) amend Part 5 of the 2019 Regulations relating to trade, and both amend existing Schedules and insert new ones. New restrictions are imposed in relation to trade in:

  • maritime goods and maritime technology in certain circumstances (regulation 5);
  • military goods and technology with non-government controlled Ukrainian territory (as specified in new Chapter 2A of Part 5);
  • defence and security goods and technology (as specified in Parts 2 to 4 of new Schedule 3C);
  • interception and monitoring services;
  • banknotes;
  • jet fuel and fuel additives (as specified in an addition to Part 8 of Schedule 2A); and
  • goods which generate significant revenues for Russia (as specified in new Schedule 3D).

As a result of those amendments:

  • regulation 3 amends the definitions of"critical-industry goods","critical-industry technology","restricted goods" and"restricted technology" for the purposes of Part 5 of the 2019 Regulations;
  • regulation 7 inserts additional prohibitions in Chapter 4C of Part 5 of the 2019 Regulations relating to trade in ancillary services relating to iron and steel goods and makes consequential amendments;
  • regulation 9 extends prohibitions in Part 5 of the 2019 Regulations in relation to trade in certain items with non-government controlled Ukrainian territory;
  • regulation 12(6) adds further things to the list of oil and refining goods and technology in Schedule 2D and regulation 12(7) adds further things to the list of energy-related goods in Schedule 3 in respect of which trade is prohibited.

Regulation 10 amends Part 7 of the 2019 Regulations to create exceptions to some of the new prohibitions.

Regulation 11 makes consequential amendments in relation to offences.

Regulation 13 revokes the Russia (Sanctions) (EU Exit) (Amendment) (No. 10) Regulations 2022 (S.I. 2022/689).

99

The Russia (Sanctions) (EU Exit) (Amendment) (No. 12) Regulations 2022

19 July 2022

Amends 2019 UK-Russia Regulations

19 July 2022

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) ("the 2019 Regulations").

These Regulations add new financial sanctions to Part 3 (Finance) of the 2019 Regulations. The amendments insert restrictions regarding investments (and services directly related to those investments) in respect of land located in Russia, persons connected with Russia, relevant entities, joint ventures, opening a representative office or establishing a branch or subsidiary located in Russia. These Regulations provide for exceptions to, and licensing powers in relation to, these new provisions.

100

GENERAL LICENCE – Investments in relation to Russia

General Licence - INT/2022/2002560

19 July 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

19 July 2022

This General Licence INT/2022/2002560 allows for a 7-day wind down period in respect of the outward investment ban outlined in the Amendment 12 Regulations.

This licence takes effect from 19 July 2022 and expires on 26 July 2022.

101

The Russia (Sanctions) (EU Exit) (Amendment) (No. 13) Regulations 2022

18 July 2022

Amends 2019 UK-Russia Regulations

18 July 2022

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c.13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) ("the 2019 Regulations").

Part 2 makes amendments to the designation criteria in regulation 6 of the 2019 Regulations: first, to specify additional activities for which a person may be designated; second, to make minor amendments to the definition of"being involved in obtaining a benefit from or supporting the Government of Russia"; and third, to broaden the interpretation of being"associated with" a designated person.

Part 3 provides for a new exception from trade sanctions measures for humanitarian assistance activity in non-government controlled areas of the Donetsk and Luhansk oblasts.

Part 4 makes provision to correct or resolve a number of issues arising from the 2019 Regulations or amendments made to them: first, to expand upon the definition of ownership in relation to ships and aircraft; and second, to correct drafting errors or omissions in regulations 76, 78 and 94.

102

Russia Guidance

Updated

19 July 2022

Implements under 2019 UK-Russia Regulations

19 July 2022

The guidance has a new section on investments in Russia on page 5 to 6. It also updates the FAQs section on page 8 to 11 to reflect the Russia financial sanctions that have come into force since the Russian invasion of Ukraine.

103

The Sanctions (EU Exit) (Miscellaneous Amendments) Regulations 2022

and

The Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2022

19 July 2022

30 August 2022

These regulations extend the definition of ‘relevant firms’ that have financial sanctions reporting obligations to include cryptoasset exchange providers and custodian wallet providers.

There is a requirement for 'relevant firms', as defined in sanctions regulations, to notify OFSI of certain information as soon as practicable when encountering a designated person in the course of their business. This requirement applies to relevant firms in the UK or under UK jurisdiction including people working for them.

Chapter 5 of OFSI's general guidance covers reporting obligations. For further information on reporting obligations, including how to report to OFSI can be found here.

104

Financial Sanctions Notice

20 July 2022

Implemented under 2019 UK-Russia Regulations

20 July 2022

The following entries have been amended under the Russia regime and remain subject to an asset freeze:

  • Irina Sergeyevna Bubnova
  • Sergei Sergeivich Ivanov
  • Natalya Petrovna Skorokhodova
  • Djeco Group LP
  • Majory LLP
  • Photon Pro LLP

105

The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022

21 July 2022

Amends 2019 UK-Russia Regulations

21 July 2022

hese Regulations amend Part 5 of the 2019 Regulations, on trade, and insert related Schedules. New restrictions are imposed in relation to trade in:

  • professional and business services (as specified in new regulation 54B);
  • miscellaneous essential goods required for the functioning of the Russian economy (as specified in new Schedule 3E);
  • oil and oil products means (as specified in new Schedule 3F);
  • gold (as specified in new Schedule 3G);
  • coal and coal products (as specified in new Schedule 3H).

The goods specified in new Schedules 3E, 3F, 3G and 3H are specified by reference to commodity codes which are set out in the Tariff of the United Kingdom.

Provision in also made in relation to energy related goods, supplementing existing provision in Chapter 4 of Part 5.

Provision is also made in relation to the giving of technical assistance to certain aircraft situated at UK airports.

The remainder of the provisions in these Regulations relate to trade exceptions and enforcement.

106

GENERAL LICENCE: Payment to UK Insurance Companies for Building and Engineering Insurance

22 July 2022

Russia (Sanctions) (EU Exit) Regulations 2019

Regulations 11 to 15

22 July 2022

Under the General Licence, individuals or entities designated under the UK Sanctions Regimes are permitted to make payments to UK insurers for insurance premiums and broker commissions relating to the provision of building and engineering insurance cover provided to UK properties.

The licence also permits UK insurers to make payments to UK Designated Persons due as a result of a successful claim made against an insurance policy provided by the UK Insurer or refunds due as a result of any over payments made pursuant to this licence.

The General Licence is applicable across multiple regimes. These are detailed in Annex 1.

107

Financial Sanctions Notice

26 July 2022

Implemented under 2019 UK-Russia Regulations

26 July 2022

42 entries have been added to the consolidated list and are now subject to an asset freeze. Further information can be found in the annex to this Notice.

The following entry has been corrected on the consolidated list and remains subject to an asset freeze:

  • Vadim Anatolyevich LUKASHEVICH

108

GENERAL LICENCE – Wind Down of Positions Involving Rosbank

General Licence - INT/2022/1968500

30 July 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

30 July 2022

General licence INT/2022/1968500 extended for a period of 2 months to the 30 September, allowing for the winding down of positions involving Rosbank.

109

Financial Sanctions Notice

2 August 2022

Implemented under 2019 UK-Russia Regulations

2 August 2022

The following entries have been added to the Russia regime and are now subject to an asset freeze:

  • Didier Casimiro
  • Zeljko Runje

The following entry has been removed under the Russia regime and is no longer subject to an asset freeze:

  • Olga Ayziman

18 entries have been amended and are still subject to an asset freeze. Further information can be found in the annex to this Notice.

110

Financial Sanctions Notice

9 August 2022

Implemented under 2019 UK-Russia Regulations

9 August 2022

27 entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze.

Further information can be found in the annex to this Notice.

111

GENERAL LICENCE – Mongolia Energy Payments

General Licence - INT/2022/2085212

15 August 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

15 August 2022

General Licence INT/2022/2085212 issued under the Russia sanctions regulations allowing payments to sanctioned Russia banks for the purpose of making energy available for use in Mongolia.

Under this General Licence a Person may continue to make payments to certain Sanctioned Banks and Subsidiaries for the purpose of making energy available for use in Mongolia, and a Person, Relevant Institution, Sanctioned Bank or Subsidiary can carry out any activity reasonably necessary to effect this.

112

GENERAL LICENCE: Permitted Payments to UK Insurance Companies

General Licence - INT/2022/2009156

22 July 2022

Amended 17 August 2022

UK Autonomous Sanctions Regulations

22 July 2022

This licence allows UK designated persons to make certain permitted payments to UK insurers from a frozen bank account, and allows UK insurers to receive these payments. The licence applies to all UK autonomous sanctions regimes.

General Licence INT 2022/2009156 has been amended to include within permitted payments:

  • Terrorism Insurance
  • Property Owners' Liability Insurance
  • Claims Preparation Insurance

This licence took effect on 22 July 2022, has been amended 17 August 2022 and is of indefinite duration.

113

GENERAL LICENCE – Continuation of Business of Evraz Plc’s North American Subsidiaries

5 May 2022

Amended 18 August 2022.

Implemented under Regulation 64 of 2019 UK-Russia Regulations

5 May 2022

This General License allows the continued business operations of Evraz' North American subsidiaries.

114

GENERAL LICENCE: Crown servants, contractors, & their family members

General Licence - INT/2022/1845976

19 August 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

19 August 2022

Under General Licence INT/2022/1845976, Crown Servants, Contractors, Family Members or Visiting Family Members may carry out activities in their personal capacity in Russia which would otherwise be prohibited by regulations 11-15 and 17A of the Russia Regulations.

115

GENERAL LICENCE – Bank Fees

General Licence - INT/2022/2104808

22 August 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

22 August 2022

Under General Licence INT/2022/2104808, a bank is allowed to take payment of bank fees from frozen accounts.

This licence takes effect from 22 August 2022 and is of indefinite duration.

116

GENERAL LICENCE - Russian Banks – UK subsidiaries – Guernsey subsidiary – EU subsidiaries - Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments

General Licence - INT/2022/1280876

01 March 2022

Amended on 22 August 2022.

Implemented under Regulation 64 of 2019 UK-Russia Regulations

01 March 2022

OFSI has amended General Licence INT/2022/1280876. This licence allows basic needs and other payments related to subsidiaries of designated Russian banks. It has been amended to include Guernsey subsidiary VTBC Asset Management International Limited and EU subsidiary VTB Bank (Europe) SE (VTBE) and any entity owned or controlled by VTBE incorporated in Germany.

117

Financial Sanctions Notice

23 August 2022

Implemented under 2019 UK-Russia Regulations

23 August 2022

42 entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze. . Further information can be found in the annex to this Notice.

The following entry has been removed from the Russia regime and is no longer subject to an asset freeze:

  • Mikhail Vladimirovic Razvozhayev

118

Financial Sanctions Notice

16 September 2022

Implemented under 2019 UK-Russia Regulations

16 September 2022

1 entry has been added to and 3 entries removed from the Russia financial sanctions regime.

Further information can be found in the annex to this Notice.

119

Russia Guidance

21 September 2022

Russia (Sanctions) (EU Exit) regulations 2019

21 September 2022

OFSI has updated its Russia guidance adding 3 new questions. Questions 24 to 26 further clarify how to use the food security licensing provision in the Russia (Sanctions) (EU Exit) Regulations 2019, particularly with regard to providing insurance.

120

Financial Sanctions Notice

26 September 2022

Implemented under 2019 UK-Russia Regulations

26 September 2022

92 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze. 3 entries have been amended and 1 entry corrected under the Russia financial sanctions regime and remain subject to an asset freeze.

Further information can be found in the annex to this Notice.

121

Financial Sanctions Notice

30 September 2022

Implemented under 2019 UK-Russia Regulations

30 September 2022

The following entry has been added to the consolidated list and is now subject to an asset freeze:

  • Elvira Sakhipzadovna NABIULLINA

The following entries have been corrected and are still subject to an asset freeze:

  • Alexey Ivanovich ISAYKIN
  • Alexander Dmitrievich KHARICHEV

122

Financial Sanctions Notice

4 October 2022

Implemented under 2019 UK-Russia Regulations

4 October 2022

The following entry has been added to the Russia regime and is now subject to an asset freeze:

  • Sergei Vladimirovich Yeliseyev

123

GENERAL LICENCE - Russian Banks – UK subsidiaries – Guernsey subsidiary – EU subsidiaries - Basic needs, routine holding and maintenance, the payment of legal fees and insolvency related payments

General Licence - INT/2022/1280876

6 October 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

6 October 2022

General Licence INT/2022/1280876 was further amended to include payments related to Insolvency Proceedings under the German Banking Act.

124

GENERAL LICENCE – London Court of International Arbitration (LCIA) Arbitration Costs

General Licence - INT/2022/1552576

17 October 2022

Implemented under Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 and under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

17 October 2022

Under General Licence INT/2022/1552576, Designated Persons (DPs), companies controlled by DPs or their legal representatives are allowed to make payments to the London Court of International Arbitration (LCIA) to cover their arbitration costs. General Licence INT/2022/1552576 also permits the LCIA to direct and receive such payments to use them to pay for arbitration costs and Relevant Institutions to process those payments.

This licence takes effect from 17 October 2022 and is of indefinite duration.

125

Financial Sanctions Notice

20 October 2022

Implemented under 2019 UK-Russia Regulations

20 October 2022

The following entries have been added to the consolidated list and are now subject to an asset freeze:

  • Saeed Aghajani
  • Mohammad Bagheri
  • Seyed Hojjatollah Qureishi
  • Shahed Aviation Industries

The following entry has been amended on the consolidated list and remains subject to an asset freeze:

  • Oleksandr Saulenko

126

GENERAL LICENCE: Loans and Securities amendment

General Licence - INT/2022/2307324

28 October 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

28 October 2022

General Licence INT/2022/2307324 is a 7-day wind down licence, which will allow the granting of category 5 loans until 23:59 on 5 November.

127

GENERAL LICENCE: Securing Energy for Europe

General Licence - INT/2022/ 2305324

28 October 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

28 October 2022

Under General Licence INT/2022/2305324, Persons may grant category 5 loans to Saving Energy For Europe GmbH, otherwise known as Gazprom Germania, and its subsidiaries, including SEFE Marketing & Trading Limited and SEFE Energy Limited.

This Licence takes effect from 23:59 on 28 October 2022 and expires on 29 October 2023. When assessing the potential for renewal of General Licence INT/2022/2305324 OFSI will consider the potential implications of this decision for the UK’s energy security.

128

OFSI issues a Legal Fees General Licence

General Licence - INT/2022/2252300

28 October 2022

Implemented under Regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019 and under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019

28 October 2022

Under General Licence INT/2022/2252300, provided that one of the sets of conditions in one of parts A or B of the General Licence are complied with in full, any Person or Relevant Institution may receive payments from a DP; make payments (directly or indirectly) for or on behalf of a DP; make payments for the benefit of a DP; process payments which relate to a DP; and any Person or Relevant Institution may carry out any other act which is reasonably necessary to give effect to this.

Any activity conducted under General Licence INT/2022/2252300 must be reported to HM Treasury within 7 days, with the details and supporting evidence requested in Part A or Part B. The reporting forms referenced at 9.4 of Part A and 11.5 of Part B of General Licence INT/2022/2252300 may be downloaded from the OFSI website here.

129

The Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022

Russia sanctions - guidance

28 October 2022

Amends 2019 UK-Russia Regulations

28 October 2022

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855).

Regulation 3 prohibits the making of a new category of loan to certain persons and regulation 7 makes a consequential amendment enabling an exception from that prohibition.

Regulation 4 inserts and amends definitions relating to the new and revised trade prohibitions.

Regulation 5 creates new trade prohibitions in the 2019 Regulations relating to gold jewellery and to certain processed gold. Regulation 8(2) and (3) creates exceptions to those prohibitions. Regulations 9 and 10 make consequential amendments and regulation 11(9) amends the list of gold and gold products in order to define the items for which trade in gold jewellery is prohibited.

Regulation 6 makes provision concerning the prohibition of imports of liquefied natural gas and the export of Russia’s vulnerable goods (set out in regulation 11(10) and Schedule 2) to Russia. Regulation 8(4) prescribes an exception to the Russia’s vulnerable goods prohibition.

Regulation 11(2) to (4) makes minor clarificatory amendments to the lists of critical-industry goods and critical-industry technology.

Regulation 11(5) adds items to the list of oil refining goods and technology and regulation 12(7) adds items to the list of revenue generating goods.

Regulation 11(6) makes a minor clarificatory amendment to the list of quantum computing and advanced materials goods and technology.

Regulation 11(8) and Schedule 1 insert additional goods as G7 dependency and further goods.

Regulation 12 and Schedule 3 correct errors made in previous regulations amending the 2019 Regulations.

130

Financial Sanctions Notice

2 November 2022

Amends 2019 UK-Russia Regulations

2 November 2022

The following entries have been added to the Consolidated List and are now subject to an asset freeze:

  • Alexander Grigoryevich Abramov
  • Alexander Vladimirovich Frolov
  • Airat Mintimerovich Shaimiev
  • Albert Kashafovich Shigabutdinov

3 entries have also been amended under the Russia regime and remain subject to an asset freeze. Further information can be found in the Notice, here.

131

GENERAL LICENCE – Truphone

General Licence - INT/2022/2339452

2 November 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

2 November 2022

General Licence INT/2022/2339452. This allows Truphone Limited to continue to make or receive payments for the purposes of continuing to provide telecommunication services. Further information can be found in the Notice, here.

132

GENERAL LICENCE – Transactions related to agricultural commodities including the provision of insurance and other services

General Licence - INT/2022/2349952

4 November 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

4 November 2022

General Licence INT/2022/2349952 issued to allow, subject to certain conditions, transactions related to agricultural commodities including the provision of insurance and other services.

133

The Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022

Explanatory Memorandum

4 November 2022

Amends 2019 UK-Russia Regulations

5 December 2022

These amendments will apply to a UK person anywhere in the world or any person in the UK and UK territorial waters (henceforth “affected persons”). The amendments will ban the supply or delivery by ship of 2709 and 2710 oil and oil products from a place in Russia to a third country, or from one third country to another third country, as well as the provision of related ancillary services (including brokering services and financial assistance).1 2 The purpose of the amendments will be to encourage Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine, as stated in regulation 4 of the 2019 Regulations.

134

The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 3) Order 2022

10 November 2022

Russia (Sanctions) (Overseas Territories) Order 2020

10 November 2022

This Order makes amendments to the Russia (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1571) (the Principal Order).

The Principal Order extends with modifications the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (the Russia sanctions regulations) as amended from time to time to all British overseas territories except Bermuda and Gibraltar (which implement sanctions under their own legislative arrangements). The Russia sanctions regulations established a sanctions regime in relation to Russia for the purpose of encouraging Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine.

The Russia sanctions regulations have been recently amended by the Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (S.I. 2022/792), the Russia (Sanctions) (EU Exit) (Amendment) (No. 12) Regulations 2022 (S.I. 2022/801), the Russia (Sanctions) (EU Exit) (Amendment) (No. 13) Regulations 2022 (S.I. 2022/814) and the Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 (S.I. 2022/850) (the amending regulations).

This Order makes the necessary amendments to the Principal Order to give effect in the relevant British overseas territories to the changes made to the Russia sanctions regime by the amending regulations.

135

Financial Sanctions Notice

11 November 2022

Amends 2019 UK-Russia Regulations

11 November 2022

One entry has been amended and is still subject to an asset freeze: Eugene Markovich SHVIDLER. Further information can be found in the Notice, here.

136

GENERAL LICENCE – Truphone

General Licence - INT/2022/2339452

2 November 2022
Amended 17 November 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

17 November 2022

OFSI has also amended General Licence INT/2022/2339452 for Truphone telecommunications services. Details of the amendments can be found in the publication notice.

137

GENERAL LICENCE: Payment to Energy Companies for Gas and/or Electricity

General Licence - INT/2022/2300292

17 November 2022

This licence is granted under all UK Autonomous Sanctions Regulations listed in Annex I of this licence

17 November 2022

OFSI issued General Licence INT/2022/2300292 under all UK Autonomous Sanctions Regulations (see Annex 1 of the General Licence for the list of relevant Regulations) which allows for payment to utility companies for gas and electricity by UK designated persons who own or rent properties in the UK.

138

Financial Sanctions Notice

30 November 2022

Amends 2019 UK-Russia Regulations

30 November 2022

22 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze. Further information can be found in the annex to this Notice, here.

139

GENERAL LICENCE – Oil Price Cap

General Licence - INT/2022/2469656

4 December 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

4 December 2022

Oil Services Ban and Price Cap information. Further information can be found here.

140

GENERAL LICENCE – Winddown

General Licence - INT/2022/2470256

4 December 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

4 December 2022

Oil Services Ban and Price Cap information. Further information can be found here.

141

GENERAL LICENCE – Correspondent banking and payment processing

General Licence - INT/2022/2470056

5 December 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

5 December 2022

Oil Services Ban and Price Cap information. Further information can be found here.

142

GENERAL LICENCE – Oil Price Cap: Exempt Projects and Countries

5 December 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

5 December 2022

Oil Services Ban and Price Cap information. Further information can be found here.

143

UK Maritime Services Prohibition and Oil Price Cap Guidance

5 December 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

5 December 2022

Guidance for the UK ban on the provision of maritime transportation of, and associated services for the maritime transportation of, certain Russian oil and oil products.

Further information and reporting forms issued can be found here.

144

Financial Sanctions Notice

9 December 2022

Amends 2019 UK-Russia Regulations

9 December 2022

The following entry has been added to the consolidated list and is now subject to an asset freeze:

  • Ramil Rakhmatulovich IBATULLIN

The following entries have been corrected and are still subject to an asset freeze:

  • Maxim Alexandrovich LOKTEV
  • Igor Anatolievich YEGOROV
  • Denis Valentinovich MANTUROV

145

Financial Sanctions Notice

13 December 2022

Amends 2019 UK-Russia Regulations

13 December 2022

16 entries have been added and 1 entry amended to the consolidated list and are subject to an asset freeze. Further information can be found in the annex to this Notice, here.

146

GENERAL LICENCE: Trade 5 - Financial Prohibitions - 7 Day Winddown

General Licence - INT/2022/2448692

15 December 2022

Implemented under Regulation 64 of 2019 UK-Russia Regulations

15 December 2022

General Licence INT/2022/2448692 allows for a 7 day wind down period in respect to financial prohibitions in Regulations 16, 17 and 18B of the Russia Regulations.

The General Licence takes effect from 00:01 on 16 December 2022 and expires at 23:59 on 22 December 2022.

147

Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022

16 December 2022

Amends 2019 UK-Russia Regulations

16 December 2022

The Russia (Sanctions) (EU Exit) (Amendment) (No. 17) Regulations 2022 prohibit the provision of trust services:

  • to or for the benefit of a person connected with Russia unless pursuant to an ongoing arrangement pursuant to which that person provided those services to or for the benefit of the person connected with Russia immediately prior to 16 December 2022
  • to or for the benefit of a person designated for the purposes of regulation 18C (trust services)

Amendments have also been made to restrictions on transferable securities and money-market instruments, loan and credit arrangements, and investments in Russia. These amendments have been designed to prohibit new investments in Russia via third countries.

OFSI has updated its Russia guidance to reflect these measures.

148

GENERAL LICENCE – Oil Price Cap

General Licence - INT/2022/2469656

4 December 2022
Amended on
3 February 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

3 February 2023

The UK, in partnership with the G7 countries, Australia and the European Union, has already implemented a price cap on Russian crude oil trade by firms shipping oil to third countries. This cap was set at USD$60 per barrel, and came into effect on 5 December 2022.

It was also agreed that a price cap would come into effect for Russian refined oil products from 5 February 2023, and the UK and its price cap Coalition partners have agreed that this cap will be determined by categorisation of refined oil products as follows:

  • Products categorised as ‘premium to crude’ will be subject to the Premium to Crude price cap.
  • All other products are categorised as ‘discount to crude’ and will be subject to the Discount to Crude price cap review.

As with the 5 December oil price cap, OFSI has issued a General Licence to implement the caps for oil products. As with the existing price cap for oil, the level of both caps will be kept under review.

149

GENERAL LICENCE – Refined Oil Products Winddown

General Licence - INT/2023/2660772

3 February 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

3 February 2023

OFSI has issued a further wind-down General Licence for oil products. This will permit contracts to ship Russian oil products traded at a price above the relevant cap where the products were loaded before 5 February 2023, and are unloaded at the destination port by 1 April 2023.

150

UK Maritime Services Prohibition and Oil Price Cap

Industry Guidance

5 February 2023

Amends 2019 UK-Russia Regulations

5 February 2023

OFSI has released updated guidance on the Maritime Services Prohibition and the Oil Price Cap, which provides full detail of the implementation of the price caps, OFSI’s approach to enforcement, and the requirements on involved persons. This has been reviewed and updated to reflect requests for clarification and additional details for refined oil products. Bespoke forms for required reporting, reporting suspected breaches, and specific license applications are available here. HM Treasury will organise teach-ins for interested stakeholders over the next few weeks.

151

Financial Sanctions Notice

8 February 2023

Amends 2019 UK-Russia Regulations

8 February 2023

8 individuals and 7 entities have been added to the Russia financial sanctions regime and are now subject to an asset freeze. Further information can be found in the annex to this Notice.

152

Financial Sanctions Notice

24 February 2023

Amends 2019 UK-Russia Regulations

24 February 2023

92 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze.

Furthermore, the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze:

  • Nigina Zairova

Further information can be found in the annex to this Notice.

153

Financial Sanctions Notice

10 March 2023

Amends 2019 UK-Russia Regulations

10 March 2023

The following entries have been amended under the Russia financial sanctions regime and remain subject to an asset freeze:

  • Oleg Nikolaevich Evtushenko
  • Vitaly Anatolyvich Markelov
  • Yuri Alexandrovich Olenin
  • Roman Pakhomov
  • Andrei Yuvenalyevich Petrov
  • Alexander Sergeevich Prokopiev
  • Ilya Vasilevich Rebrov

Furthermore, 14 entries have also been corrected under the Russia regime and remain subject to an asset freeze. The relevant notice can be found here.

154

Financial Sanctions Notice

17 March 2023

Amends 2019 UK-Russia Regulations

17 March 2023

The following entry has been amended under the Russia regime and remains subject to an asset freeze:

  • Igor Viktorovich Makarov

The following entry has been removed from the Russia regime and is no longer subject to an asset freeze:

  • Brian McDonald

Furthermore, the following duplicate entry has been removed from the Russia regime and remains subject to an asset freeze under the Belarus regime:

  • Minsk Wheel Tractor Plant

Further information can be found in the annex to this Notice, here.

155

General Licence – Publication Notice – Trust Services Sanctions

General Licence - INT/2023/2589788

21 March 2023

Amends 2019 UK-Russia Regulations

21 March 2023

OFSI has issued General Licence INT/2023/2589788 under Regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019. Under this General Licence, persons may wind down the provision of trust services to a designated person. The permissions under this General Licence apply to persons from the date of designation and will expire at 23:59 on the 90th calendar day from taking effect for the purposes of Regulation 18C. Note that the expiry date will differ depending on the date for each designation. It may be varied, revoked, or suspended by HM Treasury at any time.

Any persons intending to use the General Licence should first consult the copy of the Licence and refer to OFSI’s general guidance. Persons using the General Licence must report to OFSI within 30 calendar days of undertaking any activity. The relevant reporting form can be found here.

OFSI has also published a blog and updated its Russia guidance to include further information on prohibitions on trust services. The latest guidance can be found here.

156

Financial Sanctions Notice

22 March 2023

Amends 2019 UK-Russia Regulations

22 March 2023

All persons currently designated under the Russia regime (1,730 entries) have been amended on the Consolidated List and are now subject to trust services sanctions. 7 entries have also been updated to reflect existing further restrictions.

The 'Other Information' field for all entries has been amended to provide details of further financial restrictions, and the date trust services sanctions were imposed.

All entries remain subject to an asset freeze and no further changes have been made to the Consolidated List. Further details can be found in the notice.

157

Financial Sanctions Notice

22 March 2023

Amends 2019 UK-Russia Regulations

22 March 2023

The following duplicate entry has been removed from the consolidated list. The original entry (Sergei Borisovich Korolyov) remains on the consolidated list under the Russia regime and the individual is still subject to an asset freeze:

  • Sergey Borisovich KOROLEV

The following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze:

  • Alexey Viktorovich Kuzmichev

158

GENERAL LICENCE – Bond amendments and restructurings for non-Designated Persons

General Licence - INT/2023/2824812

28 March 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

28 March 2023

On 28 March 2023, OFSI issued General Licence INT/2023/2824812 under regulation 64 of the Russia (Sanctions) (EU Exit) Regulations 2019 (“the Russia Regulations”) to allow, subject to certain conditions, transactions related to Bond amendments and restructurings for non-Designated Persons. Further details can be found in the General Licence, here.

159

Financial Sanctions Notice

12 April 2023

Amends 2019 UK-Russia Regulations

12 April 2023

14 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze.

Furthermore, the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze: Nikolay Ivanovich Bortsov.

OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes. Further details can be found in the Notice here.

160

Financial Sanctions Notice

13 April 2023

Amends 2019 UK-Russia Regulations

13 April 2023

The following entries has been amended under the Russia financial sanctions regime and remain subject to an asset freeze:

  • Tatiana Vladimirovna Evtushenkova
  • Felix Vladimirovich
  • Natalia Nikolayevna Evtushenkova
  • Nariman Gadzhievich Gadzhiev

OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes. Further details can be found in the Notice here.

161

Financial Sanctions Notice

21 April 2023

Amends 2019 UK-Russia Regulations

21 April 2023

The following entries have been added to the consolidated list under the Russia financial sanctions regimes and are now subject to an asset freeze.

  • Andrey Andreevich Zadachin
  • Denis Vladmirovich Kolesnikov
  • Elena Anatolievna Lenskaya

OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes. Further details can be found in the Notice, here.

162

The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2023

Statutory Instruments 2023
No. 440 - Sanctions

21 April 2023

Amends 2019 UK-Russia Regulations

21 April 2023

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (the 2019 Regulations).

Regulations 3 to 8 amend Part 5 (which makes provision in respect of trade) of the 2019 Regulations.

Regulation 3 specifically inserts a new Chapter 4CA which makes specific provision prohibiting the importation of iron and steel products, containing iron or steel originating in Russia, that have been processed in a third-country.

Regulation 4 amends Chapter 4G which makes provision for revenue generating goods. In doing so, it recasts the former Schedule 3D, and makes consequential amendments to regulations 46R to 46X.

Regulation 5 inserts a new Chapter 4GA which also makes provision in respect of revenue generating goods and introduces a new Schedule 3DA which specifies certain revenue generating goods. No good appears in both Schedule 3D and Schedule 3DA.

Regulation 6 makes remedial amendments to Chapter 4I which relates to oil and oil products. Regulations 7 and 8 make similar provision in relation to gold (Chapter 4J) and coal and coal products (Chapter 4K) respectively.

Regulation 9, 10 and 11 amend Part 7 (which makes provision for exceptions and licences) of the 2019 Regulations. The amendments include provision relating to the acquisition of otherwise prohibited goods for the purpose of the function of a United Kingdom diplomatic mission in Russia, and the acquisition of certain goods by United Kingdom nationals situated in Russia for use in Russia.

Regulations 12 and 13 make provision in relation to enforcement of the 2019 Regulations.

The remainder of the Regulations amend certain Schedules to the 2019 Regulations, some of which changes are remedial, whilst others, such as the insertion of Schedule 3DA, are entirely new.

163

General Licence - Legal Services

General Licence - INT/2023/2954852

28 April 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

28 April 2023

On Friday 28 April 2023, General Licence INT/2022/2252300 expired. At 00:01 hours on Saturday 29 April 2023, a new General Licence was issued covering legal services - General Licence INT/2023/2954852 (the General Licence).

The General Licence and its reporting forms can be found here on GOV.UK.

Those intending to use the General Licence should consult the copy of the licence for full details of the definitions, permissions, and usage requirements as these do not mirror those of General Licence INT/2022/2252300.

To accompany this update, OFSI has published a blog detailing the amendments to the General Licence. The blog can be found here on GOV.UK.

164

GENERAL LICENCE – Continuation of Business of Evraz Plc’s North American Subsidiaries

General Licence - INT/2022/1710676

4 May 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

4 May 2023

General Licence INT/2022/1710676 has been amended. The definition of the “North American Subsidiaries” has been amended to clarify that the subsidiary companies of Evraz North America plc, Evraz Inc. NA and Evraz Inc. NA – Canada are covered by General Licence INT/2022/1710676.

165

OFSI Licensing: Travel Guidance

Guidance on travel allowance for licence applications

12 May 2023

Implemented under 2019 UK-Russia Regulations

12 May 2023

OFSI has published a new guidance to applicants of licences to release frozen funds for travel and associated expenses. It provides guidance on OFSI’s expected standard of reasonableness regarding the use of funds and economic resources for travel and expenses. Further details can be found here.

166

Financial Sanctions Notice

16 May 2023

Amends 2019 UK-Russia Regulations

16 May 2023

The following entry has been amended under the Russia financial sanctions regime:

  • Roman Nikolaevich Lepa

OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes. Further details can be found in the Notice here.

167

Financial Sanctions Notice

19 May 2023

Amends 2019 UK-Russia Regulations

19 May 2023

86 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust service sanctions.

The following entries have been removed from the Consolidated List and are no longer subject to an asset freeze or trust services sanctions:

  • Nikolay Yurievi Petrunin
  • Kyrylo Sergiyovich Stremousov
  • Vladimir Nikolayevich Sungorkin

Further details can be found in the Notice here.

168

Financial Sanctions Notice

22 May 2023

Amends 2019 UK-Russia Regulations

22 May 2023

The following entries have been amended and are still subject to an asset freeze and trust services sanctions:

  • Ilya Iosifovich KLEBANOV
  • Valery Pavlinovich SHANTSEV
  • AFK SISTEMA

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:

  • Vladimir Nikolaevich LEPIN

Further details can be found in the Notice, here.

169

GENERAL LICENCE – Prior obligations

General Licence - INT/2023/3024200

22 May 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

22 May 2023

OFSI has issued a new General Licence to enable the payment of funds or economic resources from a designated person to a UK person to satisfy contractual obligations that arose pre-designation. The General Licence and its reporting forms can be found here.

Anybody intending to use the General Licence should consult the copy of the licence for full details of the definitions, permissions, and usage requirements.

170

GENERAL LICENCE – London Court of International Arbitration (LCIA) Arbitration Costs

General Licence - INT/2022/1552576

5 June 2023

Implemented under Regulation 32 of the UK - Belarus Regulations of 2019 and Regulation 64 of the 2019 UK-Russia Regulations

5 June 2023

General Licence INT/2022/1552576 was amended to allow:

  • Designated Person (DP) Representatives to pay funds to the London Court of International Arbitration (LCIA) to cover arbitration costs (DP Representative is a non-DP who is a party to an LCIA arbitral proceedings, and acts in lieu of, or for the benefit of a DP)
  • DPs or DP Representatives to transfer funds to their legal representatives for onward payment to the LCIA to cover arbitration costs
  • Non-DP arbitral parties to pay substitute deposit(s) to the LCIA

171

GENERAL LICENCE – Transactions related to agricultural commodities including the provision of insurance and other services

General Licence - INT/2022/2349952

6 June 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

6 June 2023

General Licence INT/2022/2349952 was amended to allow the Grain and Feed Trade Association (GAFTA) to receive funds and economic resources from any person, including designated persons, in connection with the direct and indirect provision of services related to contracts for the trade in agricultural commodities, by or on behalf of GAFTA.

172

Republic of Belarus (Sanctions) (EU Exit) (Amendment) Regulations 2023

9 June 2023

Amending theRepublic of Belarus (Sanctions) (EU Exit) Regulations 2019

9 June 2023

The 2019 Belarus Regulations are being amended in June 2023 to target exports from Belarus that fund Lukashenko’s regime and to target the circumvention of sanctions against Russia.

The Belarusian regime continues to openly facilitate Russia’s illegal invasion of Ukraine. Belarus also continues to provide diplomatic support to Russia and their economies are closely integrated.

The measures imposed and amended by the Amendment Regulations include the following:

  • Changes to designation criteria. This will allow the FCDO to more effectively target persons that are involved in supporting Russia’s invasion of Ukraine. This includes persons with the ability to nominate, appoint or remove a director or members of management and supervisory bodies of relevant entities and persons that work for, or are affiliated to, Belarusian authorities.
  • Amendments to the dealing with transferable securities or money market instruments measure.
  • New measures relating to internet services and social media.
  • The prohibition of exports of machinery; banknotes; and precursor materials for chemical and biological weapons and technology.
  • The prohibition of imports of cement, rubber, wood and gold.
  • A ban on ancillary services for all prohibited goods, including technical assistance and financial and brokering services.

These further sanctions align with HMG’s strategic approach in response to Russia’s illegal invasion of Ukraine by deterring the Belarusian regime from supporting or enabling Russian actions that are destabilising Ukraine and demonstrating that the UK strongly condemns Belarus’ role in facilitating Russia’s invasion of Ukraine.
The press release can be accessed here.

173

The Now-revoked General License - INT/2022/2305324

14 June 2023

Revoking the general licence implemented under Regulation 64 of the 2019 UK-Russia Regulations

14 June 2023

On 14 June 2023, the Securing Energy for Europe General Licence (GL) INT/2022/2305324 was revoked.

The nationalisation of Gazprom Germania (renamed Securing Energy for Europe) means that Gazprom’s UK subsidiaries are no longer in scope of the credit restrictions originally introduced by The Russia (Sanctions) (EU Exit) (Amendment) (No. 15) Regulations 2022, which this GL was designed to lift.

OFSI no longer considers there to be a need for this GL.

174

GENERAL LICENCE – Oil Price Cap: Trading in Derivatives and Futures

General Licence - INT/2023/3074680

14 June 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

14 June 2023

OFSI issued General Licence INT/2023/3074680. This General Licence permits trading in derivatives and futures related to the supply or delivery by ship of Russian oil and oil products which would otherwise breach the prohibition in regulation 46Z9C of the Russia Regulations.

175

Updated guidance for the Maritime Services Ban and Oil Price Cap

14 June 2023

Implemented under Regulation 64 of 2019 UK-Russia Regulations

14 June 2023

OSFI published updated guidance for the Maritime Services Ban and Oil Price Cap, to provide additional clarity and detail on the following:

  • Wind-down periods: We are confirming that OFSI will introduce a 45-day wind-down period for any future changes to the Oil Price Cap
  • Trading in Derivatives and Futures: Trading in derivatives and futures is now exempt from the Oil Price Cap
  • As soon as reasonably practicable”: Clarification has been added on OFSI’s view of what is considered to be taking the required steps to withdraw contracted services “as soon as reasonably practicable” in the event of a suspected breach.

Bespoke reporting forms for required reporting, reporting suspected breaches, and specific licence applications can be found here.

Any reporting or queries should be directed to oilpricecap.OFSI@hmtreasury.gov.uk.

176

THE RUSSIA (SANCTIONS) (EU EXIT) (AMENDMENT) (NO. 2) REGULATIONS 2023 No. 665

19 June 2023

Amendments to the 2019 UK-Russia Regulations

20 June 2023

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) (the Act) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (the 2019 Regulations) (as amended).

Under section 1 of the Act, the Secretary of State may make sanctions regulations for a purpose within subsection (2). In addition to the current purpose stated in regulation 4 (encouraging Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine), the Secretary of State considers that the 2019 Regulations are also appropriate for promoting the payment of compensation by Russia for losses suffered by Ukraine as a result of Russia’s full-scale invasion of Ukraine on or after 24 February 2022. Regulation 4 of the 2019 Regulations is amended to refer to this additional purpose.

Regulation 3 removes the existing definition of non-government controlled areas of the Donetsk and Luhansk oblasts, and substitutes a new definition of non-government controlled Ukrainian territory which includes also the additional territory of non-government controlled areas of the Kherson and Zaporizhzhia oblasts of Ukraine.

The expanded definition has the effect of extending existing finance, shipping and trade sanctions relating to the Autonomous Republic of Crimea and city of Sevastopol (Crimea) and non-government controlled areas of the Donetsk and Luhansk oblasts, and relevant exceptions, to non-government controlled areas of the Kherson and Zaporizhzhia oblasts.

The Regulations also introduce a defence to the strict liability offence under section 68(1) of the Customs and Excise Management Act 1979 relating to the prohibition on exportation of certain goods to, or for use in, non-government controlled areas of the Donetsk, Kherson, Luhansk and Zaporizhzhia oblasts.

177

GENERAL LICENCE: Humanitarian Activity

General Licence - INT/2022/1947936

20 June 2023

Implemented under Regulation 64 of the 2019 UK-Russia Regulations

20 June 2023

General Licence INT/2022/1947936 was amended to update:

  • The definition of non-government controlled Ukrainian territory to capture Kherson and Zaporizhzhia oblasts
  • Update Annex I of Designated Financial Institutions to capture financial institutions designated since 7 July 2022

178

Financial Sanctions Notice

23 June 2023

Amends the 2019 UK-Russia Regulations

23 June 2023

On 23 June 2023 the following entries have been amended and are still subject to an asset freeze and trust services sanctions:

  • Demetris Ioannides
  • Galina Evgenyevna Pumpyanskaya
  • Dmitry Alexandrovich Pumpyansky

OFSI’s consolidated list of asset freeze targets has been updated to reflect this change.

179

GENERAL LICENCE – Continuation of Business of Evraz Plc’s North American Subsidiaries

General Licence - INT/2022/1710676

5 May 2022
and amended 26 June 2023

Implemented under Regulation 64 of the 2019 UK-Russia Regulations

26 June 2023

On 26 June 2023 General Licence INT/2022/1710676 has been extended further and will expire on 31 March 2024.

180

GENERAL LICENCE – Continuation of Business and Basic Needs for Telecommunications Services and News Media Services

General Licence - INT/2022/1875276

30 May 2022
and amended 26 June 2023

Implemented under Regulation 64 of the 2019 UK-Russia Regulations

26 June 2023

General Licence INT/2022/1875276 has been amended to:

  • remove certain entities, which OFSI does not believe are owned or controlled by designated persons (DP)
  • add Mosdachtrest and Rossiya Segodnya as News Media Services DPs
  • adjust the definition of Civil Telecommunications DPs to include certain subsidiaries of ZAO TransTeleCom Company

181

The Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2023

30 June 2023

Amendments to the 2019 UK-Russia Regulations

30 June 2023

This instrument amends the 2019 UK-Russia Regulations to impose further trade sanctions in relation to Russia.

Following its illegal annexation of Crimea in 2014, Russia has continued a pattern of aggressive action towards Ukraine, which culminated in the invasion of Ukraine’s sovereign territory on 24 February 2022. Announced by President Putin as a “special military operation”, this included recognising the “Donetsk People’s Republic” and “Luhansk People’s Republic” as independent states and deploying Russian military across Ukraine.

The UK has called on Russia to cease its military activity, withdraw its forces from Ukraine and Crimea, end its support for the separatists, and fulfil its international commitments including under the 1975 Helsinki Final Act, the 2014 and 2015 Minsk Protocols, the 1994 Budapest Memorandum and the UN Charter. UK policy remains focused on ending Russia’s invasion and on assisting Ukraine to secure its borders, ensuring a stable, prosperous and democratic future for all its citizens. The UK is unwavering in its support for the country’s independence, territorial integrity and sovereignty.

These sanctions are part of a broader set of measures which includes: diplomatic, military, financial and humanitarian support; trade, financial and transport sanctions; and designations. Change will therefore be sought through diplomatic pressure and other measures, supported by trade sanctions in respect of actions undermining the territorial integrity, sovereignty and independence of Ukraine.

The provision of legal services is already partially restricted by the 2019 UK-Russia Regulations, including by regulations 19 and 55 (the “circumvention regulations”) and several regulations that limit the provision of ancillary services related to sanctioned goods and technologies. The circumvention regulations prevent a person intentionally providing legal advisory services where the object or effect of the legal advisory services directly or indirectly circumvents prohibitions imposed by the 2019 UK-Russia Regulations, or enables or facilitates the contravention of those prohibitions. However, as a result of the territorial application of the 2019 UK-Russia Regulations, this generally applies only to legal advisory services provided in relation to prohibited activity undertaken in the UK or by a UK person.

This means that without these Regulations, it would potentially be lawful for a UK legal services provider to support commercial activity which advances the interests of Russia, where that activity does not have sufficient connection to the UK to be prohibited under the UK sanctions regime. This is a particular concern given that the law of England and Wales is often chosen as the law governing international commercial activities, and as such, the services of UK lawyers are frequently engaged in relation to those activities, even if the activity is not conducted in the UK or by UK persons.

This instrument addresses this issue and supplements other restrictions on providing legal services. It means that no UK person or person in the UK can provide legal advisory services in relation to certain financial or trade activity which would be prohibited under the UK sanctions regime if the activity was done by a UK person or was taking place in the UK.

This restriction is limited to legal advisory services and does not cover legal representation services. Access to legal representation is an important element of the core democratic principle of the rule of law, and this sort of legal service has therefore been excluded. In keeping with this principle, the instrument introduces an exception that enables services providers to offer expert evidence in connection with legal proceedings, even where the services activity would otherwise be prohibited to a person connected with Russia. Other exceptions to the restriction are also set out including legal advice related to compliance with the sanctions regime itself. The instrument also introduces a new exception to the prohibition on the provision of professional and business services. The exception, which applies to auditing services, provides companies and auditors with a legal basis under which they can operate where there are statutory or regulatory obligations. This reflects how this measure interacts with the audit requirement in UK Company Law and the auditor’s obligations to shareholders.

This instrument also sets out a referral process relevant to the way that His Majesty’s Revenue and Customs will investigate certain offences under the 2019 UK-Russia Regulations.

182

Financial Sanctions Notice

6 July 2023

Amends the 2019 UK-Russia Regulations

6 July 2023

The following entry has been removed from the OFIS’s Russia financial sanctions regime and is no longer subject to an asset freeze:

  • Lev Aronovich Khasis

OFSI’s consolidated list of asset freeze targets has been updated to reflect this change.

183

Financial Sanctions Notice

17 July 2023

Amends the 2019 UK-Russia Regulations

17 July 2023

14 entries have been added and 10 entries have been amended under the UK Russia financial sanctions regime. These entries are all subject to an asset freeze and trust services sanctions.

The OFSI’s consolidated list of asset freeze targets has been updated to reflect these changes and can be accessed here.

Further details can be found in the annex to the Notice here.

184

The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2023

19 July 2023

Amendments to the 2019 UK-Russia Regulations

20 July 2023 and Article 4 on 30 September 2023

This Order makes amendments to the Russia (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1571) (the “Principal Order”).

The Principal Order extends with modifications the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (the “Russia sanctions regulations”) as amended from time to time to all British overseas territories except Bermuda and Gibraltar (which implement sanctions under their own legislative arrangements). The Russia sanctions regulations established a sanctions regime in relation to Russia for the purpose of encouraging Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine.

The Russia sanctions regulations have recently been amended by the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2023 (S.I. 2023/440); the Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2023 (S.I. 2023/665) and the Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2023 (S.I. 2023/713) (together “the amending regulations”).

This Order makes the necessary amendments to the Principal Order to give effect in the relevant British overseas territories to the changes made to the Russia sanctions regime by the amending regulations:

  • to modify offences in relation to export of goods to non-government controlled Ukrainian territory;
  • to modify relevant offences in relation to import of relevant processed iron or steel products and revenue generating goods from Russia;
  • to modify certain provision in relation to prohibitions on the provision of professional and business services.

185

Financial Sanctions Notice

20 July 2023

Amends the 2019 UK-Russia Regulations

20 July 2023

The following entry has been removed from the Russia financial sanctions regime:

  • Oleg Yurievich Tinkov

Furthermore, the following entry has also been corrected under the Russia financial sanctions regime and remains subject to an asset freeze and trust services sanctions:

  • Sun Ship Management (D) Ltd

Further details can be found in the annex to the Notice.

186

GENERAL LICENCE – Mongolia Energy Payments

General Licence - INT/2022/2085212

15 August 2022 and
Amended 27 July 2023

Amends the 2019 UK-Russia Regulations

27 July 2023

On 27 July 2023 OFSI amended General Licence INT/2022/2085212.

This amendment extends the duration of the General Licence, which will now expire on 14 August 2025.

187

Financial Sanctions Notice

28 July 2023

Amends the 2019 UK-Russia Regulations

28 July 2023

The following entries have been amended under the Russia regime and remain subject to an asset freeze and trust services sanctions:

  • Andrey Vladimirovich Sharonov
  • Eugene Tenenbaum

Further details can be found in the annex to the Notice.

188

Financial Sanctions Notice

31 July 2023

Amends the 2019 UK-Russia Regulations

31 July 2023

6 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions:

  • Vitaly Alexsandrovich Belitsky
  • Ekaterina Mikhailovna Dorokhina
  • Natalia Nikolaevna Dudar
  • Boris Georgievich Loktionov
  • Danila Yurievich Mikheev
  • Anna Evgenievna Potychko

Furthermore, the following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze and trust services sanctions:

  • Ella Aleksandrovna Pamfilova

Further details can be found in the annex to the Notice.

189

GENERAL LICENCE - GTLK Companies and their Subsidiaries – Insolvency related payments and activities

General Licence - INT/2023/3263556

1 August 2023

Implemented under Regulation 64 of the 2019 UK-Russia Regulations

1 August 2023

The General Licence INT/2023/3263556 allows payments and other permitted activities to take place in relation to insolvency proceedings associated with GTLK Europe and GTLK Capital and their subsidiaries.

190

Financial Sanctions Notice

8 August 2023

Amends the 2019 UK-Russia Regulations

8 August 2023

19 entries have been added, and 1 entry has been corrected under the Russia financial sanctions regime. All entries are subject to an asset freeze and trust services sanctions.

Further details can be found in the annex to the Notice, here.

191

Financial Sanctions Notice

8 August 2023

Amends the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019

8 August 2023

The following entries have been added to the Belarus financial sanctions regime and are now subject to an asset freeze:

  • Belomo Holding
  • Joint Stock Company 2566 Radioelectronic Armament Repair Plant
  • JSC Peleng
  • Open Joint Stock Company Gomel Radio Plant
  • Open Joint Stock Company Kidma Tech
  • Open Joint Stock Company Orsha Aircraft Repair Plant

Further details can be found to the Notice, here.

192

GENERAL LICENCE – Continuation of Business and Basic Needs for Telecommunications Services and News Media Services

General licence - INT/2022/1875276

30 May 2022
Amended 21 October 2022
Amended 26 June 2023
Amended 23 August 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

23 August 2023

General Licence INT/2022/1875276 has been amended to clarify that PJSC MegaFon is a designated person operating in the civilian telecommunications and news media service industry.

193

GENERAL LICENCE - GTLK Companies and their Subsidiaries – Insolvency related payments and activities

General licence - INT/2023/3263556

01 August 2023
Amended 23 August 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

23 August 2023

General Licence INT/2023/3263556 has been amended to make clear that STLC Europe Nine Leasing Limited is covered by the licence.

194

Financial Sanctions Notice

31 August 2023

Amends the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019

31 August 2023

The following entry has been amended under the Belarus financial sanctions regime and remains subject to an asset freeze:

DANA HOLDINGS A.K.A DANA ASTRA

195

GENERAL LICENCE: Payment to Water Companies for Water & Sewage

General licence - INT/2023/3179120

21 September 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

21 September 2023

General Licence INT/2023/3179120 was issued covering payments to water companies for water and sewage.
Under this licence, subject to the conditions;

  • UK DPs may make the Permitted Payments to Water Companies from a frozen UK bank account;
  • Any person may make a Permitted Payment to a Water Company (directly or indirectly), for or on behalf of a DP or for the benefit of a DP; and
  • Water Companies may receive Permitted Payments made under paragraphs 1 or 2.

Under this licence, subject to the conditions

  • the Water Companies may make Return Payments to frozen UK bank accounts due as a result of overpayment; and
  • UK DPs may receive Return Payments from Water Companies into a frozen UK bank account.

A Relevant UK Institution may process payments made in accordance with paragraphs above.

Reporting Requirements

On a quarterly basis, the UK DP must report to HM Treasury, with details and supporting evidence of:

  • The name of the Water Company;
  • The amount(s) paid;
  • The payment route used; and
  • The date on which the funds were paid.

Within 14 days of making a Return Payment under this licence, the Water Companies must report to HM Treasury, with details of:

  • The name of the UK DP;
  • The amount(s) transferred;
  • The payment route used; OFFICIAL - SENSITIVE OFFICIAL - SENSITIVE OFFICIAL - SENSITIVE OFFICIAL - SENSITIVE iv) The date on which the funds were transferred; and v) The reason for the Return Payment. Record-keeping Requirements

The Water Companies and UK DPs must keep accurate, complete and readable records, on paper or electronically, of any activity purporting to have been permitted under this licence for a minimum of 6 years.

196

Financial Sanctions Notice

27 September 2023

Amends the 2019 UK-Russia Regulations

27 September 2023

The following entry has been amended under the Russia regime and remains subject to an asset freeze and trust services sanctions:
Alexei Kozlov

197

Financial Sanctions Notice

29 September 2023

Amends the 2019 UK-Russia Regulations

29 September 2023

11 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions.
Further details can be found in the Notice, here

198

GENERAL LICENCE – Correspondent Banking Payments

General licence - INT/2023/3566356

29 September 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

29 September 2023

General Licence INT/2023/3566356 was issued covering correspondent banking payments -
The General Licence and its publication notice can be found here on GOV.UK
Anyone who intends to rely on the General Licence should consult a copy of the licence for full details of the definitions, permissions, and usage requirements.

199

GENERAL LICENCE – Prior obligations

General licence - INT/2023/3024200

10 October 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

10 October 2023

General Licence INT/2023/3024200 has been extended, with additional amendments made to its conditions, definitions and annexes.
The General Licence and its publication notice can be found here.

200

GENERAL LICENCE: Payment to Energy Companies for Gas and/or Electricity

General licence - INT/2022/2300292

17 November 2022
and amended 24 February 2023
13 October 2023

All UK Autonomous Sanctions Regulations listed in Annex I of this licence

13 October 2023

OFSI amended General Licence INT/2022/2300292 - Payment to Energy Companies for Gas and/or Electricity.
The amendments include the extension of the term of the General Licence - which no longer has an expiry date - and the permission for any person to make permitted payments to energy companies for or on behalf of a designated person.
The General Licence can be found here.

201

GENERAL LICENCE: Payments to Companies House

General licence - INT/2023/3626884

19 October 2023

All UK Autonomous Sanctions Regulations listed in Annex I of this licence

6 October 2023

OFSI amended General Licence INT/2023/3626884 - Payments to Companies House.

The amendment provides clarity on terms used within the General Licence, specifically Permitted Payments and UK Designated Persons.

The General Licence can be found here.

202

General licence – Legal Services

General licence - INT/2023/3744968

25 October 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

25 October 2023

New OFSI General Licence INT/2023/3744968 for Legal services to replace current licence INT/2023/2954852 from 29 October 2023.

The main changes are:

  • The professional legal fees caps have been reset. Users will be able to make use of the legal fees caps (£500,000 inc. VAT) under Parts A and B of the General Licence.
  • The expenses caps have been reset and increased from 5% of the legal fees (up to £25,000) to 10% of the legal fees (up to £50,000) under Parts A and B. This means if expenses are required for work carried out in satisfaction of a prior obligation (£50,000 limit) and for work undertaken post-designation (£50,000 limit), up to £100,000 (inc. VAT) in expenses could be paid.
  • Reporting is now due within 14 days of the Law Firm, Legal Adviser, Counsel, or a provider of Expenses receiving payment.
  • The reporting requirement makes clear that the relevant letter of engagement sent to OFSI must be unredacted.
  • The reporting form makes clear that the Group ID of the DP must be provided to OFSI.

General Licence INT/2023/3744968 takes effect on 29 October 2023 and expires on 28 April 2024 and may be varied, revoked, or suspended by HM Treasury at any time.

General Licence – Publication Notice can be found here.

203

GENERAL LICENCE – Continuation of Business and Basic Needs for Telecommunications Services and News Media Services

General licence - INT/2022/1875276

30 May 2022
and amended
21 October 2022 26 June 2023 23 August 2023 27 October 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

27 October 2023

On 27 October 2023, General Licence INT/2022/1875276 was updated to clarify that:

  • PJSC MegaFon and its subsidiaries are Civilian Telecommunication DPs.
  • Digital Invest Limited Liability Company (Digital Invest) is a Civilian Telecommunication DP.
  • General Licence INT/2022/1875276 has been extended to 30 May 2026.

The General Licence and the Publication Notice can be found here.

204

Financial Sanctions Notice

8 November 2023

Amends the 2019 UK-Russia Regulations

8 November 2023

29 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions.

Further details can be found in the Notice, here.

205

Financial Sanctions Notice

9 November 2023

Amends the 2019 UK-Russia Regulations

9 November 2023

The following entry has been removed from the Russia financial sanctions regime and is no longer subject to an asset freeze or trust services sanctions:

Sergey Stognienko

Further details can be found in the Notice, here.

206

GENERAL LICENCE – Russian Travel

General licence - INT/2022/1839676

23 May 2022

Amended
14 February 2023 10 November 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

10 November 2023

OFSI amended General Licence INT/2022/1839676 - Russian Travel.

The amendment makes clear that Paragraph 4.1 only permits the purchase of tickets from a Designated Person or any subsidiary for passenger rail or passenger air journeys originating in, or within, Russia.

207

GENERAL LICENCE – London Court of International Arbitration (LCIA) Arbitration Costs

General licence - INT/2022/1552576

17 October 2022

and amended

05 June 2023
13 November 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations
And also under regulation 32 of the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019

13 November 2023

OFSI amended General Licence INT/2022/1552576 - London Court of International Arbitration (“LCIA”) Arbitration Costs.

The amendment removes the Annex 1 that sets out the schedule of arbitration costs, and updates the definition of arbitration costs by referring to the relevant Schedule of Costs for LCIA arbitration.

208

Financial Sanctions Notice

6 December 2023

Amends the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019

6 December 2023

The following entry has been added to the Belarus financial sanctions regime and is now subject to an asset freeze:

  • JSC DISPLAY DESIGN BUREAU

Further details can be found in the Notice, here.

209

Financial Sanctions Notice

6 December 2023

Amends the 2019 UK-Russia Regulations

6 December 2023

45 entries have been added to the Russia financial sanctions regime and are now subject to an asset freeze and trust services sanctions.

More information can be found in the notice, here.

210

Financial Sanctions Notice

8 December 2023

Amends the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019

8 December 2023

17 entries have been added to the Belarus financial sanctions regime and are now subject to an asset freeze.

More information can be found in the notice, here.

211

General Licence: Payments to Local Authorities

General licence - INT/2023/3781228

8 December 2023

Under all UK Autonomous Sanctions Regulations

8 December 2023

A new General Licence was issued covering payments to local authorities - General Licence INT/2023/3781228 (the General Licence).

The General Licence and its publication notice can be found on GOV.UK.

Anybody intending to use the General Licence should consult the copy of the licence for full details of the definitions, permissions, and usage requirements.

More information can be found here.

212

Financial Sanctions Notice

11 December 2023

Amends the 2019 UK-Russia Regulations

11 December 2023

The following entry has been amended and is still subject to an asset freeze and trust services sanctions: OOO MVIZION
More information can be found in the notice, here.

213

Financial Sanctions Notice

11 December 2023

Amends the Republic of Belarus (Sanctions) (EU Exit) Regulations 2019

11 December 2023

The following entries have been amended and are still subject to an asset freeze:

  • Mikhail Ivanovich DOLA
  • Mikhail KAVALIOU

More information can be found in the notice, here.

214

The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023

14 December 2023

Amends the 2019 UK-Russia Regulations

Regulations 17, 18, 20 and 21 come into force on 26 December 2023.

The remainder of these Regulations come into force on 15 December 2023.

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (the 2019 Regulations).

Regulation 3 amends the prohibitions relating to processing payments to provide that these apply to processing a payment in any currency which is received by a UK credit or financial institution but do not apply to the initial crediting of a payment to an account which is in the name of the credit or financial institution but not in the name of a customer of that credit or financial institution.

Regulation 4 amends existing definitions of certain products, both to add exclusions in relation to certain products where they fall within Schedule 2 to the Export Control Order 2008 (“the 2008 Order”) (S.I. 2008/3231) or Annex 1 of the Dual-Use Regulation(a) and to remove exclusions relating to certain products where they fall within Schedule 3 to the 2008 Order.

Regulation 5 extends the prohibitions relating to trade in luxury goods and regulation 9 amends the exceptions to those prohibitions consequentially.

Regulation 6 makes minor amendments to the prohibitions relating to relevant processed iron and steel products. Certain iron and steel products to which the prohibitions in Chapter 4C of Part 5 to the 2019 Regulations are to apply are added by regulation 22(10) and Schedule 1.

New prohibitions relating to trade in certain metals are created by regulations 7 and 22(11) and Schedule 2.

Regulation 8 amends the exceptions relating to the prohibition on processing payments in regulation 17A(2) of the 2019 Regulations.

Regulation 10 creates new exceptions to the prohibitions on G7 dependency and further goods and expands those for luxury goods where these relate to consumer communication devices and software updates.

Regulations 11 to 13 create exceptions for iron and steel products, relevant processed iron and steel products and metals where they were exported from Russia before the prohibition come into force or where they are already in free circulation in the United Kingdom.

Regulation 14 expands the exceptions from the prohibitions on G7 dependency and further goods in the case of emergencies.

Regulations 15 and 22(22) allow the Treasury to grant licences for certain activities carried out by a UK entity in order to divest itself of assets where those assets are subject to a sanction under the 2019 Regulations.

Regulation 16 creates new reporting obligations to be imposed on relevant firms in relation to funds and economic resources held by them for prohibited persons (as defined by the amendment contained in that regulation).

Regulation 17 creates new reporting obligations on designated persons themselves, regulation 18 prescribes the criminal penalty for breach of those obligations, regulation 20 provides that those obligations are to be regarded as not being financial sanctions legislation for the purposes of Part 8 of the Policing and Crime Act 2017 (c. 3) and regulation 21 allows the Treasury to impose civil monetary penalties for breaches of those obligations.

Regulation 19 prescribes offences created by these Regulations, the suspected commission of which may be referred to His Majesty’s Revenue and Customs for investigation.

Regulation 22—

- makes changes to the products covered by the prohibitions on trade in critical-industry goods and critical industry technology (paragraphs (2) to (8)), luxury goods (paragraph (9)), defence and security goods and defence and security technology (paragraphs (12) to (16) and Schedule 3) and G7 dependency and further goods (paragraphs (17) to (20)) and Schedules 4, 5 and 6).

- creates an additional ground on which the Treasury may licence the processing of payments which would otherwise be prohibited by regulation 17A(2) of the 2019 Regulations (paragraph (23));

- omits certain commodity codes and the associated descriptions (paragraph (24) and Schedule 7).

Minor consequential amendments on that made in regulation 3(2) are made by regulation 23.

215

The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023

14 December 2023

Amends the 2019 UK-Russia Regulations

1 January 2024

These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 (c. 13) to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855).

In particular, these Regulations create prohibitions on the import, acquisition and supply and delivery of diamonds and diamond jewellery (as defined in the Schedule inserted by regulation 7(2)) which are located, originate in or are consigned from Russia and on the provision of ancillary services relating to those prohibitions (regulation 3). Regulations 4 and 5 create certain exceptions to those prohibitions.

Regulation 6 prescribes which of the offences created by the amendments at regulation 3 of these Regulations, may be referred to His Majesty’s Revenue and Customs for investigation.

Regulation 7(1) makes consequential amendments to the list of Schedule 3DA revenue generating goods.

216

Financial Sanctions Notice

15 December 2023

Amends the 2019 UK-Russia Regulations

15 December 2023

1 entry has been added and is now subject to an asset freeze, prohibitions on correspondent banking relationships and trust services sanctions: Joint-Stock Commercial Bank Novikombank and 26 entries have been amended and are all subject to an asset freeze, prohibitions on correspondent banking relationships and trust services sanctions.

217

Maritime Services Ban and Oil Price Cap Exception - HMT Industry Guidance

20 December 2023

The Russia (Sanctions) (EU Exit) (Amendment) (No. 16) Regulations 2022.

20 December 2023

OFSI published updated guidance for the Maritime Services Ban and Oil Price Cap, to provide additional clarity and detail on the following:

Attestations: Upcoming changes to the existing model will require 1) attestation forms to be provided on a per-voyage basis and 2) itemised ancillary costs to be recorded by Tier 1 entities and provided to Tier 2 and Tier 3A contractual counterparties upon request. The tier system has also been amended.

UK Nationals: clarification on reporting requirements for UK nationals in third countries

Reporting timelines: clarification on deadlines and requirements for record keeping and reporting activity under the general licences.

More information can be found here.

218

General Licence – Publication Notice

20 December 2023

Implemented under regulation 64 of the 2019 UK-Russia Regulations

20 December 2023

Amendments to General licences - INT/2022/2469656, INT/2022/2470256, INT/2022/2470056, INT/2022/2470156, INT/2023/2660772 and INT/2023/3074680

More information can be found here.

219

Financial Sanctions Notice

21 December 2023

Amends the 2019 UK-Russia Regulations

21 December 2023

The following entry has been amended under the Russia financial sanctions regime and remains subject to an asset freeze and trust services sanctions:

Yuri Alekseyevich Soloviev