The Isle of Man Treasury issued a notice publicising the addition of fifty-one vessels to the UK Sanctions List under the Russia sanctions regime, making them subject to shipping sanctions as implemented in the Isle of Man through the Sanctions (Implementation of UK Sanctions) Regulations 2024. The update applies prohibitions on port entry into the Island, restrictions on the movements of specified ships, and restrictions on registering specified ships on the Ship Register. The Treasury also reiterated compliance expectations for screening against the UK Sanctions List (including ownership and control), immediately freezing relevant funds or economic resources, avoiding dealings absent a legal exemption or licence, and reporting frozen assets and suspected breaches or blocked transactions to the Financial Intelligence Unit, noting that non-compliance and circumvention are criminal offences.
The Treasury (Isle of Man) 2025-10-15
Isle of Man Treasury publicises addition of 51 vessels to the UK Sanctions List under Russia shipping sanctions
The Isle of Man Treasury added 51 vessels to the UK Sanctions List under the Russia sanctions regime, subjecting them to shipping sanctions per the Sanctions (Implementation of UK Sanctions) Regulations 2024. The update enforces port entry prohibitions, movement restrictions, and registration limitations for specified ships. Compliance includes screening against the UK Sanctions List, freezing relevant assets, and reporting to the Financial Intelligence Unit, with non-compliance constituting a criminal offence.