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Financial Sanctions Notice Russia 10 March 2022

Published byExternal Relations
Date published
10 March 2022


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 restrictions upon certain persons, entities or bodies 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 1 March 2022 the Foreign, Commonwealth and Development Office updated the UK Sanctions List to reflect changes to those persons designated or specified 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. This notice is to issue a correction to the notice published on 1 March 2022. 

5. The designation information in respect of the entity PJSC SBERBANK (PUBLC JOINT-STOCK COMPANY SBERBANK) has been amended, but it is not subject to an asset freeze. 

6. The sanctions imposed relate to a prohibition on correspondent banking and sterling clearing.

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

7. The following designation was amended on 1 March:

What you must do

8. Failure to comply with sanctions legislation or to seek to circumvent its provision is a criminal offence.

Further Information 

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

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

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

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

13. A copy of the UK Sanctions List can be found here.

14. A copy of the UK Office of Financial Sanctions Implementation List of persons named in relation to financial and investment restrictions can be found here.


15. Non-media enquiries, sanctions compliance reporting, and licence applications should be addressed to:  
Head of International Compliance
Office of the Chief Executive
External Relations


Ministry of External Relations
10 March 2022

Financial Sanctions Notice Russia 10 March 2022
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