The Isle of Man Treasury issued a notice publicising a UK sanctions list update under the Russia sanctions regime as it applies in the Isle of Man, amending one consolidated list entry. The change adds an investment ban to the listing for the entity GAZPROM NEFT. GAZPROM NEFT remains listed under Schedule 2 of the Russia (Sanctions) (EU Exit) Regulations 2019 and is stated as not being subject to an asset freeze. The Treasury also reiterated compliance expectations where a person or entity is matched to the UK Sanctions List and funds or economic resources are held or dealt with, including immediately freezing assets where required, not making assets available absent an exemption or licence, and reporting frozen assets and suspected breaches or blocked transactions to the Financial Intelligence Unit.
The Treasury (Isle of Man) 2025-01-16
Isle of Man Treasury publicises UK Russia sanctions list amendment adding an investment ban for Gazprom Neft
The Isle of Man Treasury announced an update to the UK sanctions list under the Russia sanctions regime, adding an investment ban to GAZPROM NEFT. GAZPROM NEFT remains listed under Schedule 2 of the Russia (Sanctions) (EU Exit) Regulations 2019, without an asset freeze. The Treasury emphasized compliance with sanctions, including asset freezing and reporting obligations to the Financial Intelligence Unit.