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 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.
2. On 10 March 2022 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.
5. An asset freeze now applies to the persons listed in the Annex to this Notice under Part 3 of SAFL.
Notice summary (Full details are provided in the Annex to this Notice)
6. The following designations have been made and are now subject to an asset freeze:
- Roman Arkadyevich ABRAMOVICH
- Igor Ivanovich SECHIN
- Oleg Vladimirovich DERIPASKA
- Dmitri Alekseevich LEBEDEV
- Alexei Borisovich MILLER
- Andrei Leonidovich KOSTIN
- Nikolai Petrovich TOKAREV
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 and Financial Services (“MERFS”).
- report any findings to MERFS, together with any additional information that would facilitate compliance with SAFL.
- provide any information concerning the frozen assets of designated persons that MERFS may request. Information reported to MERFS may be passed on to other regulatory authorities or law enforcement.
8. Failure to comply with sanctions legislation or to seek to circumvent its provisions 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 legislation.gov.uk and other relevant information about this regime can be found on gov.uk.
13. A copy of the UK Sanctions List can be found here.
14. A copy of the UK Office of Financial Sanctions Implementation Consolidated List can be found here.
Enquiries
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
sanctions@gov.je
ANNEX TO NOTICE
FINANCIAL SANCTIONS: RUSSIA
ADDITIONS
Individuals
1. ABRAMOVICH, Roman Arkadyevich
Name (non-Latin script): Роман Аркадьевич АБРАМОВИЧ
DOB: 24/10/1966. POB: Saratov, Russia a.k.a: ABRAMOVICH, Roman Nationality: (1) Russia (2) Israel (3) Portugal Passport Number: (1) CB982788 (2) 24132276 Passport Details: (1) Portugal (2) Israel Position: (1) Businessman – Owner of Chelsea Football Club (2) Stakeholder in Evraz PLC and Norilsk Nickel Other Information: (UK Sanctions List Ref): RUS0270 (UK Statement of Reasons): Roman Arkadyevich ABRAMOVICH (hereafter ABRAMOVICH) is a prominent Russian businessman and pro-Kremlin oligarch. ABRAMOVICH is associated with a person who is or has been involved in destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty and independence of Ukraine, namely Vladimir Putin, with whom ABRAMOVICH has had a close relationship for decades. This association has included obtaining a financial benefit or other material benefit from Putin and the Government of Russia. This includes tax breaks received by companies linked to ABRAMOVICH, buying and selling shares from and to the state at favourable rates, and the contracts received in the run up to the FIFA 2018 World Cup. Therefore, ABRAMOVICH has received preferential treatment and concessions from Putin and the Government of Russia. ABRAMOVICH is also associated with a person who is or has been involved in obtaining a benefit from or supporting the Government of Russia, namely: former First Deputy Prime Minister, and current Chairman of the Management Board for VEB, Igor Shuvalov; former General Director of Gazprom Investment Holdings, Alisher Usmanov, both of whom were sanctioned on 3 March 2022 for being involved persons in obtaining a benefit from or supporting the Russian government through carrying on business in a sector of strategic significance to the Russian government. ABRAMOVICH is associated with these individuals through close business relationships and mutual assistance, including ABRAMOVICH financing Shuvalov's trust and the subsequent loans from Shuvalov to enable Usmanov's purchase of a British mill. Furthermore, ABRAMOVICH is or has been involved in destabilising Ukraine and undermining and threatening the territorial integrity, sovereignty and independence of Ukraine, via Evraz PLC, a steel manufacturing and mining company in which ABRAMOVICH has a significant shareholding and over which ABRAMOVICH exercises effective control. Evraz PLC is or has been involved in providing financial services, or making available funds, economic resources, goods or technology that could contribute to destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine – which includes potentially supplying steel to the Russian military which may have been used in the production of tanks. ABRAMOVICH exercises effective control of Evraz PLC given his significant shareholding and the shareholdings of his close associates who it is reasonable to expect ABRAMOVICH could direct through his close ties with Abramov and Shvidler, as well as his power to nominate directors of the board. ABRAMOVICH is or has been involved in obtaining a benefit from or supporting the Government of Russia, as ABRAMOVICH and Evraz PLC carry on business in sectors of strategic significance to the Government of Russia – namely the construction, defence and extractive sectors. (Gender): Male Listed on: 10/03/2022 UK Sanctions List Date Designated: 10/03/2022 Last Updated: 10/03/2022 UK Consolidated Group ID: 14212.
2. SECHIN, Igor Ivanovich
Name (non-Latin script): Игорь Иванович СЕЧИН
DOB: 07/09/1960. POB: Leningrad / St. Petersburg, Russia a.k.a: SECHIN, Igor Nationality: Russia Position: (1) Chief Executive Officer (2) Chairman of the Management Board (3) Deputy Chairman of the Board of Directors, Rosneft Other Information: (UK Sanctions List Ref): RUS0273 (UK Statement of Reasons): Igor Ivanovich SECHIN (hereafter referred to as SECHIN) is a prominent Russian businessman with close personal ties to Vladimir Putin. SECHIN is Chief Executive Officer, Chairman of the Management Board and Deputy Chairman of the Board of Directors at Rosneft. Rosneft is the leading company in the Russian oil sector and the largest publicly owned oil and gas corporation in the world. Its main shareholder is ROSNEFTEGAZ JSC, which is 100% owned by the Government of Russia. It is therefore a Government of Russia-affiliated entity. Therefore, as a result of his positions above, SECHIN is involved in obtaining a benefit from and supporting the Government of Russia as he holds the position of a director in a Government of Russia-affiliated entity, and one that carries on business in a sector of strategic significance to the Government of Russia. (Gender): Male Listed on: 10/03/2022 UK Sanctions List Date Designated: 10/03/2022 Last Updated: 10/03/2022 UK Consolidated Group ID: 14213.
3. DERIPASKA, Oleg Vladimirovich
Name (non-Latin script): Олег Владимирович ДЕРИПАСКА
Title: Mr DOB: 02/01/1968. POB: Dzerzhinsk, Russia a.k.a: DERIPASKA, Oleg Nationality: Russia Position: Shareholder at EN+ GROUP Other Information: (UK Sanctions List Ref): RUS0269 (UK Statement of Reasons): Oleg Vladimirovich DERIPASKA, hereafter DERIPASKA, is a prominent Russian businessman and pro-Kremlin oligarch. DERIPASKA is closely associated with the Government of Russia and Vladimir Putin. Therefore, DERIPASKA is associated with persons who are involved in destabilising and threatening the territorial integrity, sovereignty and independence of Ukraine. DERIPASKA is or has been involved in obtaining benefit from or supporting the Government of Russia, by carrying on business in, and owning or controlling and working as a director or equivalent in businesses in the Russian extractives and energy sectors, sectors of strategic significance to the Government of Russia. (Gender): Male Listed on: 10/03/2022 UK Sanctions List Date Designated: 10/03/2022 Last Updated: 10/03/2022 UK Consolidated Group ID: 14214.
4. LEBEDEV, Dmitri Alekseevich
Name (non-Latin script): Дмитрий Алексеевич ЛЕБЕДЕВ
DOB: 03/03/1968. POB: Leningrad/St Petersburg, Russia a.k.a: (1) LEBEDEV, Dmitri (2) LEBEDEV, Dmitri, Alekseyevich Nationality: Russia Address: Moscow, Russia. Position: Chairman of Board of Directors, Bank Rossiya Other Information: (UK Sanctions List Ref): RUS0272 (UK Statement of Reasons): DMITRI ALEKSEEVICH LEBEDEV, hereafter LEBEDEV, is the Chairman of the Board of Directors at Bank Rossiya and Managing Director and Co-Chairman of the Board of Management of ABR Management, and a member of Board of Directors of SOGAZ JSC, (both of whom are affiliates of Bank Rossiya), one of Russia's largest insurers. As Chairman of the Board of Directors at Bank Rossiya and a Member of the Board of Directors at SOGAZ, he is involved in carrying on business in a sector (financial services) of strategic significance to the Russian Government. Bank Rossiya is a Russian bank privately owned by elite Russian billionaires with direct links to Vladimir Putin. Since the annexation of Crimea, Bank Rossiya has opened branches across Crimea and Sevastopol, and provided travel cards for the public to travel across the peninsula thereby supporting the integration of Crimea and Sevastopol into the Russian Federation through the financial system. Bank Rossiya has also contributed to the provision of insurance and investment throughout Crimea and Sevastopol and services to support military capability and major transport links. SOGAZ JSC, the largest insurer in the Russian corporate sector, insured the construction of the railway infrastructure connecting the bridge over the Kerch Strait and the Port of Taman and reinsured the construction of the bridge over the Kerch Strait between the Russian mainland and the Crimean peninsula. In doing so, SOGAZ supported the illegally annexed Crimean peninsula into the Russian Federation which in turn further undermined the territorial integrity, sovereignty and independence of Ukraine. LEBEDEV therefore is involved in carrying on business in a sector of strategic significance to the Russian Government, has obtained a benefit from or is supporting the Russian Government by working as a director or equivalent of a company which carries on business in sectors of strategic significance (financial services) to the Government of Russia, and has supported activities which destabilise Ukraine and undermine and threaten its sovereignty, independence and territorial integrity. (Gender): Male Listed on: 10/03/2022 UK Sanctions List Date Designated: 10/03/2022 Last Updated: 10/03/2022 UK Consolidated Group ID: 14215.
5. MILLER, Alexei Borisovich
Name (non-Latin script): Алексей Борисович МИЛЛЕР
DOB: 31/01/1962. POB: Leningrad/St Petersburg, Russia a.k.a: (1) MILLER, Alexei (2) MILLER, Alexey Nationality: Russia Address: Moscow, Russia. Position: (1) Deputy Chairman of the Board of Directors (2) Chairman of the Management Committee of GAZPROM Other Information: (UK Sanctions List Ref): RUS0268 (UK Statement of Reasons): ALEXEI BORISOVICH MILLER, hereafter MILLER, is a prominent Russian businessman with close personal ties to Vladimir Putin. In 2001, Putin appointed MILLER to the position of CEO of GAZPROM, Russia's largest energy producer, and was re-appointed for a further 5-year term in 2021. As CEO of GAZPROM, whose majority shareholder is the Government of Russia, MILLER is involved in carrying on business in a sector (energy) of strategic significance to the Russian Government. GAZPROM has also provided deliveries of liquefied petroleum gas to Crimea which was annexed illegally by Russia in 2014. MILLER therefore is involved in carrying on a business in a sector of strategic significance to the Government of Russia, has obtained a financial benefit from the Government of Russia, and has supported activities which undermine and/or threaten the sovereignty, independence and territorial integrity of Ukraine. (Gender): Male Listed on: 10/03/2022 UK Sanctions List Date Designated: 10/03/2022 Last Updated: 10/03/2022 UK Consolidated Group ID: 14216.
6. KOSTIN, Andrei Leonidovich
Name (non-Latin script): Андрей Леонидович КОСТИН
Title: Mr DOB: 21/09/1956. POB: Moscow, Russia a.k.a: (1) KOSTIN, Andrei (2) KOSTIN, Andrey (3) KOSTIN, Andrey, Leonidovich Nationality: Russia Position: (1) President of VTB Bank (PJSC) (2) Chairman of VTB Bank (PJSC) Management Board (3) Member of the Supervisory Council of VTB Bank (PJSC) (4) Chairman of the Strategy and Corporate Governance Committee Other Information: (UK Sanctions List Ref):RUS0267 (UK Statement of Reasons): Andrei Leonidovich KOSTIN (hereafter KOSTIN) is a prominent Russian businessman and banker, with close links to Vladimir Putin. KOSTIN holds a role equivalent to executive director as the President of VTB Bank (PJSC) and Chairman of VTB Bank (PJSC) Management Board. VTB Bank (PJSC) is owned or controlled directly or indirectly by the Government of Russia because the Russian Federal Agency for State Property Management owns 60.9% of ordinary shares within it; VTB Bank is therefore a Government of Russia-affiliated entity. KOSTIN therefore is or has been involved in supporting the Government of Russia through his role working as a director (whether executive or non-executive), trustee, or equivalent as President of VTB Bank (PJSC) and Chairman of VTB Bank (PJSC) Management Board. VTB Bank (PJSC) is a Government of Russia-affiliated entity, and/or is an entity that is carrying on business in the Russian financial services sector, a sector of strategic significance to the Government of Russia. (Gender): Male Listed on: 10/03/2022 UK Sanctions List Date Designated: 10/03/2022 Last Updated: 10/03/2022 UK Consolidated Group ID: 14217.
7. TOKAREV, Nikolai Petrovich
Name (non-Latin script): Николай Петрович ТОКАРЕВ
DOB: 20/12/1950. POB: Karaganda, Kazakhstan a.k.a: (1) TOKAREV, Nikolai (2) TOKAREV, Nikolay Nationality: Russia Position: (1) Chairman of the Management (2) President of Transneft Other Information: (UK Sanctions List Ref): RUS0271 (UK Statement of Reasons): Nikolai TOKAREV, hereafter TOKAREV, is a prominent Russian businessman with significant interests in the extractives and energy industries, as well as a longstanding associate of Vladimir Putin. He is currently President of Transneft – a state enterprise that provides services for oil and oil products transportation within Russia and beyond. Transneft is a Government of Russia-affiliated entity which carries on business in sectors of strategic significance to the Government of Russia. TOKAREV is working as a director (whether executive or non-executive), trustee, or equivalent of Transneft, and is therefore a person who is or has been involved in obtaining a benefit from or supporting the Government of Russia. (Gender): Male Listed on: 10/03/2022 UK Sanctions List Date Designated: 10/03/2022 Last Updated: 10/03/2022 UK Consolidated Group ID: 14218.
Ministry of External Relations
10 March 2022
gov.je