Financial Sanctions Notice Russia (Investment Ban) 15 January 2024

Published by	External Relations
Type	Sanctions
Date published	15 January 2025

Introduction

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. These persons are named in Schedule 2 of the Regulations and are recorded in the UK Office of Financial Sanctions Implementation’s list of persons named in relation to financial and investment restrictions.

2. On 15 January 2025 the Foreign, Commonwealth and Development Office updated the UK Sanctions List of persons named in relation to financial and investment restrictions.

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

4. The changes made have automatic effect in Jersey by virtue of the ambulatory provisions in Jersey’s sanctions legislation.

Notice summary

5. Find full details in the Annex to this notice.

6. The following entry has been amended:

GAZPROM NEFT (UK Consolidated Group ID: 13119)

What you must do

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

Further information

8. Further information on sanctions can be found on Government of Jersey and Jersey Financial Services Commission (JFSC) websites.

9. Jersey guidance on the Regime sanctions regime is available at JFSC Sanctions by country and category.

10. A copy of the UK Regulations can be obtained from legislation.gov.uk. Other relevant information about this regime can be found on financial sanctions targets by regime on GOV.UK.

11. The UK Office of Financial Sanctions Implementation Consolidated List Investment Ban Targets on GOV.UK

Enquiries

12. Non-media enquiries, sanctions compliance reporting, and licence applications should be emailed to the Financial Sanctions Implementation Unit at sanctions@gov.je.

Annex

13. Annex to Financial Sanctions Notice Russia (Investment Ban) 15 January 2025