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 6 July 2023 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 no longer applies to the person 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 designation has been removed and is no longer subject to an asset freeze or trust services sanctions:
- Lev Aronovich KHASIS (UK Consolidated Group ID: 15002)
Further Information
7. Further information on sanctions can be found on the Government of Jersey website and the Jersey Financial Services Commission (JFSC) website.
8. Jersey guidance on the Russia sanctions regime is available on JFSC website.
9. Copies of Jersey sanctions legislation, including the Order and SAFL, can be found on the Jersey Legal Information Board website.
10. 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.
11. UK Sanctions List.
12. UK Office of Financial Sanctions Implementation Consolidated List.
Enquiries
13. Non-media enquiries, sanctions compliance reporting, and licence applications should be addressed to:
Financial Sanctions Implementation Unit
sanctions@gov.je
ANNEX TO NOTICE
FINANCIAL SANCTIONS: RUSSIA
DELISTING
Individual
1. KHASIS, Lev Aronovich
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 state-owned 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 UK Consolidated Group ID: 15002.
Financial Sanctions Implementation Unit
06/07/2023
gov.je