Financial Sanctions Notice Russia 25 June 2024

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, on persons who are or have been 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 25 June 2024 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, 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 no longer applies to the individual listed in the Annex to this Notice under Part 3 of SAFL.

Notice summary

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

7. The following entry has been removed from the UK Consolidated List and is no longer subject to an asset freeze or trust services sanctions:

• Aleksei Nikolaevich FILIPPOVSKII (UK Consolidated Group ID: 16435)

Further information

8. Find guidance on unfreezing assets for delisted persons or entities.

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

10. Jersey guidance on the Russia sanctions regime is available on JFSC Sanctions by country and category.

11. 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.

12. The UK Sanctions List on GOV.UK.

13. The UK Office of Financial Sanctions Implementation Consolidated List on GOV.UK.

Enquiries    

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

Annex

15. Annex to Financial Sanctions Notice Russia 25 June 2024 ​

​