Guidance

Financial sanctions, Russia

The Russia (Sanctions) (EU Exit) Regulations 2019 ensure sanctions relating to Russia are implemented effectively after the UK leaves the EU.

From:
HM Treasury and Office of Financial Sanctions Implementation
Published
18 March 2014
Last updated
112 FebruaryDecember 20222021 — See all updates

Documents

Current list of designated persons: Russia

PDF, 298 KB, 36 pages

Latest HM Treasury Notice, Russia, 02/12/2021

PDF, 113 KB, 4 pages

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HM Treasury, 01/07/2021, Russia

PDF, 110 KB, 4 pages

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HM Treasury, 21/06/2021, Russia

PDF, 118 KB, 4 pages

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HM Treasury Notice, 01/02/2021, Russia

PDF, 152 KB, 7 pages

HM Treasury notice, Russia, 19/01/2021

PDF, 173 KB, 8 pages

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HM Treasury notice, 08/01/2021, Russia

PDF, 117 KB, 4 pages

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Details

The Russia (Sanctions) (EU Exit) Regulations 2019 ensure sanctions relating to Russia are implemented effectively after the UK leaves the EU.

Context

This sanctions regime is aimed at encouraging Russia to cease actions which destabilise Ukraine, including actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.

It imposes asset freezes on those identified as being involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. This includes persons responsible for engaging in, providing support for, or promoting any policy or action that destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty and independence of Ukraine.

This also includes those obstructing the work of international organisations in Ukraine and anyone doing business with a separatist group in the Donbass region.

There are also sectoral financial sanctions which prohibit and restrict specified activities. These include restrictions on dealing with transferable securities or money-market instruments and granting or entering into arrangements to grant loans or credit. These are specific to the Russia regime. For more information, please see our guidance on Russia sanctions

General Licences

Under the Sanctions and Anti-Money Laundering Act (2018), HMT may grant general licences under any autonomous UK sanctions regime. More information is available in OFSI’s UK financial sanctions general guidance.

OFSI has issued a general licence under the Russia (Sanctions) (EU Exit) Regulations 2019. A list of general licences published by OFSI can be found on the general licences page.

UK regulations

EU regulations (applicable prior to 23.00 on 31st December 2020)

Find out more about UK sanctions on Russia

Published 18 March 2014
Last updated 112 FebruaryDecember 20222021 + show all updates

  1. Added 'The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022'

  10. Updated with 'Latest HM Treasury notice, 14/09/2020, Ukraine (Sovereignty and Territorial Integrity (Reg 2020/1267)'

  12. Updated with 'Latest HM Treasury Notice, 29/01/2020, Ukraine (Sovereignty and Territorial Integrity) (Correction)'.

  13. Updated with 'Latest HM Treasury Notice, 28/01/2020, Ukraine (Sovereignty and Territorial Integrity) (Reg 2020/119)'

  14. Updated with 'Latest HM Treasury Notice, 18/09/2019, Ukraine (Sovereignty and Territorial Integrity) Correction'

  15. Updated with 'Latest HM Treasury Notice, 17/09/2019, Ukraine (Sovereignty and Territorial Integrity) (Reg 2019/1403)'

  16. Updated with 'Latest HM Treasury notice, 18/03/2019, Ukraine (Sovereignty and Territorial Integrity) Reg 2019/408)'.

  17. Updated with 'Latest HM Treasury Notice, 15/03/2019, Ukraine (Sovereignty and Territorial Integrity) (Reg 2019/409)'.

  18. Updated with 'Latest HM Treasury notice, 23/01/2019, Ukraine (Sovereignty and Territorial Integrity) (Reg 2019/92)'.

  20. Updated with 'Latest HM Treasury notice, 20/09/2018, Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/1230)'.

  21. Updated with latest HM Treasury notice –31/07/2018 Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/1072).

  22. Updated with latest HM Treasury notice –15/06/2018 Ukraine (Sovereignty and Territorial Integrity) (Corrigenda).

  23. Updated with latest HM Treasury notice, 14/05/2018, Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/705)

  25. Latest HM Treasury Notice, 15/03/2018, Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/388) added

  27. Updated link to Council Regulation 269/2014 as part of routine site maintenance.

  28. Updated link to Council Regulation (EU) No 833/2014

  29. Updated with latest HM Treasury Notice, 21/11/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/2153)

  30. Updated version of "Commission Guidance note on the implementation of certain provisions of Regulation (EU) No 833/2014" added

  31. Updated with latest HM Treasury Notice, 21/09/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/1549)

  32. Updated with latest HM Treasury Notice, 18/09/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/1549)

  33. Web text revised for clarity

  37. Updated with Latest Treasury notice, 11/04/2017, Ukraine (Sovereignty and Territorial Integrity) (Regulation 2017/437)

  38. Updated the commission guidance for the Ukraine regime so that it is in line with the EU's recently published updated guidance.

  39. Updated: Latest Treasury notice, 09/11/2016, Ukraine (Sovereignty and Territorial Integrity) (Reg 2016/1955).

  41. Updated list due to new notice - Ukraine (Sovereignty) Regulation 2016/353 (amendments to identifying information)

  45. Under current EU regulations, 'amended Annex I to Regulation 267/2014' corrected to 'Regulation 269/2014'

  46. Updated Ukraine Sovereignty list

  48. Updated due to notice Ukraine (Sovereignty and Territorial Integrity) (Reg 2015/240)

  49. updated to include new link to EU document

  51. Updated to include Ukraine (Sovereignty and Territorial Integrity) (Reg 1270/2014)

  53. New conslidated list of disignated persons, Ukraine (Sovereignty and Territorial Integrity) and subject to restrictive measures under Council Regulation (EU) No 833/2014. New notice (Reg 961_2014)

  55. Added notice for Ukraine (Sovereignty and Territorial Integrity) (Reg 826/2014)

  57. updated 'Current EU regulations' section

  58. Updated to include new notice, Ukraine (Sovereignty and Territorial Integrity) (Reg 753/2014)

  60. Updated list of designated persons

  64. Added notice 21/03/14 Ukraine (Sovereignty and Territorial Integrity) (Reg 284/2014)