This news release is issued to publicise the removal of 1 entry to the Russian sanctions regime.
The Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) were made under the Sanctions and Anti-Money Laundering Act 2018 (the Sanctions Act) and provide for the freezing of funds and economic resources of 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. The Russia (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Russia Sanctions (Application) Regulations 2020 [S.D. 2020/0504].
On 06 July 2023 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
REMOVAL
Deleted information appears in [square brackets]. Additional information appears in italics.
The following entry has been removed from the Consolidated List and is no longer subject to an asset freeze or trust services sanctions:
1. Lev Aronovich KHASIS (Group ID: 15002)
DOB: 05/06/1966. a.k.a: KHASIS, Lev, Aranovich Position: Former First Deputy Chairman of the Executive Board of PJSC Sberbank Other Information: (UK Sanctions List Ref):RUS1059. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (UK Statement of Reasons):Lev Aranovich KHASIS was the former First Deputy Chairman of the Executive Board of PJSC Sberbank, Russia’s largest bank by assets controlled. As a Board member of a stateowned corporation, KHASIS is or has been involved in obtaining a benefit from or supporting the Government of Russia by working as an executive director or equivalent of a Government of Russia-affiliated entity. Sberbank was sanctioned by the UK government on 1 March 2022 on the grounds that it was involved in obtaining a benefit from or supporting the Government of Russia, by carrying on business as a Government of Russia-affiliated entity and in a sector of strategic significance (financial services). Listed on: 24/03/2022 UK Sanctions List Date Designated: 24/03/2022 Last Updated: [21/03/2023] 06/07/2023 Group ID: 15002.
What you must do
Financial institutions and other persons are required to check whether you maintain any accounts or otherwise hold funds or economic resources for, or provide financial services to, designated individuals. If so, you must freeze such accounts or other funds and, unless licensed by the Treasury, not deal with those funds or economic resources, make those funds or economic resources available to a designated person, or make those funds or economic resources available for the benefit of a designated person. You must also report your findings to the FIU.
Failure to comply with financial and trade sanctions legislation or to attempting to circumvent its provisions is a criminal offence.
Where a relevant institution has already reported details of accounts, other funds or economic resources held frozen for the designated person, you are not required to report these details again.
Further Information
Consequently the Foreign, Commonwealth and Development Office updated the Consolidated List. This list provides details of those designated under sanctions legislation.
Further details of the sanctions regime related to Russia and links to other financial sanctions regimes may be found on the Customs and Excise pages of the Isle of Man Government website.
