The Guernsey Financial Services Commission published a Russia sanctions notice advising that ROSBANK PJSC and ACTIVE DENIZCILIK have been revoked from the UK Russia financial sanctions regime and are no longer subject to an asset freeze. The UK consolidated list has been updated accordingly. The notice reiterates that UK sanctions regulations are given effect in the Bailiwick of Guernsey under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020, made under the Sanctions (Bailiwick of Guernsey) Law, 2018. It also points to the States of Guernsey website for further information on the effect of asset freezes and related issues, including licences.
Guernsey Financial Services Commission 2025-03-07
Guernsey Financial Services Commission issues Russia sanctions notice reflecting UK revocation of Rosbank PJSC and Active Denizcilik asset freezes
The Guernsey Financial Services Commission announced that ROSBANK PJSC and ACTIVE DENIZCILIK have been removed from the UK Russia financial sanctions regime, lifting their asset freeze. The UK consolidated list has been updated, and UK sanctions regulations continue to apply in Guernsey under the 2020 Brexit Regulations.