​​​​Amendment to ship specification
1. The Russia (Sanctions) (EU Exit) Regulations 2019 (the 'UK Regulations') were made under the Sanctions and Anti-Money Laundering Act 2018 and provide for amongst other things, the imposition of shipping sanctions on ships which are or have been, or are likely to be, involved in activity whose object or effect is: (a) to destabilise Ukraine or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine; (b) to obtain a benefit from or support the Government of Russia; or (c) to contravene or circumvent, or to enable or facilitate the contravention or circumvention of, any provision of the UK Regulations.
2. On 24 July 2025 the Foreign, Commonwealth and Development Office made an administrative amendment to the specification of 1 ship which remains subject to shipping sanctions under the Russia regime:
- Victor Konetsky (UK Sanctions Unique ID: RUS2465) (IMO 09301421)
3. Find full details on the UK Sanctions List
4. The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021, made under the Sanctions and Asset-Freezing (Jersey) Law 2019, implements the provisions of the UK Regulations into Jersey law, subject to, amongst other things, certain modifications.
Change to oil price cap
6. On 18 July 2025, the UK announced that alongside the EU, the crude Oil Price Cap would be lowered from $60 to $47.60 per barrel, reducing Russia's income and ability to fund its war machine.
7. The lowered Oil Price Cap of $47.60 per barrel comes into effect at 23:01 (BST), Tuesday, 2 September 2025.
8. Read the full press release
9. More information on sanctions or on the Oil Price Cap on R​ussian crude oil.
Further information
10. Further information on sanctions can be found on Government of Jersey and Jersey Financial Services Commission (JFSC) websites. ​
11. A copy of the UK Regulations can be obtained from legislation.gov.uk. Other relevant information about the UK regime can be found on financial sanctions targets by regime on GOV.UK.
12. For an up-to-date list of designated persons (including ships), please refer to the UK Sanctions List on GOV.UK.
Enquiries 
13. Non-media enquiries should be emailed to the Financial Sanctions Implementation Unit at sanctions@gov.je.​