The Isle of Man Treasury published a notice reflecting changes to the UK sanctions list under the Russia sanctions regime as it applies in the Isle of Man. The update adds five new designations and amends one existing entry, with the newly listed persons and entities subject to an asset freeze alongside trust services sanctions. New additions comprise individuals Artem Yuryevich Chaika, Pavel Mikhailovich Fradkov and Vladimir Viktorovich Selin, and entities Joint Stock Company Kirov Energomash Plant and Limited Liability Company Rosatom Additive Technologies. The existing listing for Yuri Yakovlevich Chaika was amended by updating the statement of reasons. The notice reiterates that anyone holding or dealing with funds or economic resources of a designated person must freeze assets immediately, avoid making assets available unless an exemption or licence applies, and report frozen assets and suspected breaches or blocked transactions to the Financial Intelligence Unit.
The Treasury (Isle of Man) 2025-02-14
Isle of Man Treasury publicises UK Russia sanctions update adding five listings and amending Yuri Chaika entry
The Isle of Man Treasury updated the UK sanctions list under the Russia sanctions regime, adding five new designations and amending one existing entry. Newly listed individuals and entities are subject to an asset freeze and trust services sanctions. The notice emphasizes the obligation to freeze assets of designated persons and report any breaches to the Financial Intelligence Unit.