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Financial Sanctions Notice Russia 22 May 2023

Published byExternal Relations
TypeSanctions
Date published
22 May 2023

‚ÄčIntroduction 

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 the imposition of financial sanctions, including asset freezes and other financial and investment restrictions, on persons who are or have been involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine; or obtaining a benefit from or supporting the Government of Russia.

2.On 22 May 2023 the Foreign, Commonwealth and Development Office updated the UK Sanctions List to reflect changes to those persons designated under the UK Regulations. A link to the UK Sanctions List can be found below.

3. The Sanctions and Asset-Freezing (Implementation of External Sanctions) (Jersey) Order 2021 (the "Order"), made under the Sanctions and Asset-Freezing (Jersey) Law 2019 ("SAFL"), links to the UK Regulations.

4. Any changes to asset-freeze designations made under the UK Regulations are effective immediately by virtue of the ambulatory provisions in Jersey's sanctions legislation.

Notice summary (Full details are provided in the Annex to this Notice) 

5. The following entries have been amended and remain subject to an asset freeze:

  • Ilya Iosifovich KLEBANOV (UK Consolidated Group ID: 15921)
  • Valery Pavlinovich SHANTSEV (UK Consolidated Group ID: 15920)
  • AFK SISTEMA (UK Consolidated Group ID: 15982)

6. 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 (UK Consolidated Group ID: 15969)

What you must do   

7. You must:  

  • immediately check whether you maintain any accounts or hold any funds or economic resources for the persons set out in the Annex to this Notice.

  • freeze such accounts, and other funds or economic resources without notice and without delay.

  • refrain from dealing with the funds or assets or making them available (directly or indirectly) to such persons unless licensed by the Minister for External Relations ("MER").

  • report any findings to MER, together with any additional information that would facilitate compliance with SAFL.

  • provide any information concerning the frozen assets of designated persons that MER may request. Information reported to MER may be passed on to other regulatory authorities or law enforcement. 

8. Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for designated persons, they are not required to report these details again.

9. Failure to comply with sanctions legislation or to seek to circumvent its provisions is a criminal offence.

Further Information

10. Further information on sanctions can be found on the Government of Jersey website and the Jersey Financial Services Commission (JFSC) website.

11. Jersey guidance on the Russia sanctions regime is available on JFSC website.

12. Copies of Jersey sanctions legislation, including the Order and SAFL, can be found on the Jersey Legal Information Board website.

13. A copy of the UK Regulations can be obtained from legislation.gov.uk and other relevant information about this regime can be found on gov.uk.

14. The UK Sanctions List

15. The UK Office of Financial Sanctions Implementation Consolidated List

Enquiries 

16. Non-media enquiries, sanctions compliance reporting, and licence applications should be addressed to: 

Financial Sanctions Implementation Unit
sanctions@gov.je

Annex to Notice

17. Annex to Financial Sanctions Notice Russia 22 May 2023 

Financial Sanctions Notice Russia 22 May 2023
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