The Isle of Man's Treasury issued a sanctions notice flagging that one entry on the UK Sanctions List under the Russia sanctions regime, as implemented in the Isle of Man, has been amended. The individual remains designated and continues to be subject to an asset freeze and trust services sanctions. The amended entry relates to Saodat Narzieva (Unique ID RUS1319, OFSI group ID 15276), whose UK statement of reasons was updated to reflect that she is the sister of Alisher Usmanov, an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019, with wording removed about obtaining a financial or other material benefit from him. The listing records that Narzieva is subject to asset freeze, travel ban, trust services sanctions and a director disqualification sanction, with trust services sanctions imposed on 21 March 2023 and the director disqualification sanction imposed on 9 April 2025. The notice also reiterates expectations for relevant institutions to freeze assets on a true match, check for false positives, report frozen assets and suspected breaches to the Financial Intelligence Unit, and assess ownership and control when screening.
The Treasury (Isle of Man) 2026-02-13
Isle of Man's Treasury publicises amended Russia sanctions designation for Saodat Narzieva
The Isle of Man's Treasury announced an amendment to the UK Sanctions List under the Russia sanctions regime, affecting Saodat Narzieva, who remains subject to asset freeze, travel ban, trust services sanctions, and director disqualification. Institutions are reminded to freeze assets on a true match, report frozen assets and suspected breaches, and assess ownership and control during screening.