The Isle of Man Treasury has issued a financial sanctions notice confirming that one entry has been removed from the UK sanctions list under the Russia sanctions regime as implemented in the Isle of Man. Irina Vladimirovna Chubarova has been delisted and is no longer subject to an asset freeze or trust services sanctions. The Russia (Sanctions) (EU Exit) Regulations 2019 apply in the Isle of Man through the Sanctions (Implementation of UK Sanctions) Regulations 2024 made under the Sanctions Act 2024, and designated individuals, entities and ships are reflected on the UK sanctions list. The removed entry related to Chubarova, previously identified as Head of Corporate Finance for Gazprom Neft (UK Sanctions List Ref: RUS1904), with trust services sanctions imposed on 18 May 2023 alongside the asset freeze. The notice reiterates that firms must freeze assets and avoid making funds or economic resources available to listed persons unless an exemption or licence applies, and must report frozen assets and suspected breaches to the Financial Intelligence Unit (FIU).
The Treasury (Isle of Man) 2025-02-10
Isle of Man Treasury publicises delisting of Irina Vladimirovna Chubarova from the Russia sanctions regime
The Isle of Man Treasury has removed Irina Vladimirovna Chubarova from the UK sanctions list under the Russia sanctions regime, lifting her asset freeze and trust services sanctions. This update follows the Russia (Sanctions) (EU Exit) Regulations 2019, as implemented in the Isle of Man through the Sanctions (Implementation of UK Sanctions) Regulations 2024. Firms must freeze assets and report to the Financial Intelligence Unit unless exemptions apply.