This news release is issued to publicise the amendment of 1 entry under 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 31 January 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List. This list provides details of those designated under sanctions legislation.
Amendment
Deleted information appears in [square brackets]. Additional information appears in italics.
The following entry has been amended and is still subject to an asset freeze and trust services sanctions:
Individual
- DMITRIEV, Vladimir Aleksandrovich
Name (non-Latin script): Владимир Александрович Дмитриев
DOB: 25/08/1953. POB: Moscow, Russia Address: Moscow, Russia. Nationality: Russia Passport Number: 531329602 Passport Details: Russia, expiry date: 15/06/2027 Position: Former Member of the Board of Directors of Gazprombank JSC Other Information: (UK Sanctions List Ref): RUS1633. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (UK Statement of Reasons): Vladimir Alexandrovich Dmitriev is an ‘involved person’ under the Russia (Sanctions) (EU Exit) Regulation 2019 because he has been, [and is,] involved in obtaining a benefit from or supporting the Government of Russia by: (1) working as a director of an entity which is carrying on business in a sector of strategic significance to the Government of Russia, namely Gazprombank JSC which [carries] is carrying on business in the Russian financial services sector; (2) working as a director of a Government of Russia-affiliated entity, namely Gazprombank JSC. (Gender): Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: [21/03/2023] 31/01/2024 Group ID: 15577
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.
