Financial sanctions, Russia

The Office of Financial Sanctions Implementation (OFSI) has published a new Financial Sanctions Notice regarding sanctions measures with respect to persons and entities involved in or supportive of Russia’s action to destabilize Ukraine and threatening the sovereignty and independence of the country pursuant to Statutory Instrument SI 2019/855, the „Russia (Sanctions) (EU Exit) Regulations 2019“. Specifically, the OFSI informs that it has updated its sanction list by amending the records of three individuals which remain subject to asset freezing measures.
#### The amendments concern the following persons and read as follows:
IOANNIDES, Demetris
Name (non-Latin script): Δημήτρης Ιωαννίδης
DOB: 28/09/1943. POB: Nicosia, Cyprus a.k.a: (1) IOANNIDES, Dimitris (2) IOANNIDES, John, Demetris (3) IOANNIDES, John (4) IOANNIDES, John, Demetrios Nationality: (1) Cyprus (2) United Kingdom Address: 1 EFTAPATO COURT, ARCHIEPISKOPOU MAKARIOU III, Limassol, Cyprus, 255 3105. Position: Managing Director Meritservus HC Limited Other Information: (UK Sanctions List Ref):RUS1815. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 11/04/2023. (UK Statement of Reasons):Demetris Ioannides is Managing Director of Cyprus-based corporate services provider Meritservus HC Limited. Ioannides is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) Ioannides is acting on behalf of or at the direction of a person who is or has been involved in obtaining a benefit from or supporting the Government of Russia, namely Roman Arkadyevich Abramovich; (2) Ioannides is associated with a person who is or has been involved in obtaining a benefit from or supporting the Government of Russia, namely Roman Arkadyevich Abramovich. (Gender):Male Listed on: 12/04/2023 UK Sanctions List Date Designated: 11/04/2023 Last Updated: 12/04/2023 23/06/2023 Group ID: 15871.
PUMPYANSKAYA, Galina Evgenyevna
Name (non-Latin script): ПУМПЯНСКАЯ Галина Евгеньевна Галина Евгеньевна ПУМПЯНСКАЯ
DOB: 10/02/1966. POB: Yekaterinburg, Russia Nationality: Russia National Identification Number: 665805050720 National Identification Details: TIN Address:
Geneva, Switzerland Other Information: (UK Sanctions List Ref):RUS0777. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (UK Statement of Reasons): Galina Evgenyevna PUMPYANSKAYA is closely associated with Dmitry Alexandrovich PUMPYANSKY through her marriage to him. Dmitry Alexandrovich PUMPYANSKY was until March 2022 the Chairman of the Board of Directors of OAO TMK, the leading provider of specialised oil and gas pipelines in Russia. TMK is carrying on business in a sector of strategic significance to the Government of Russia, the energy sector. Galina Evgenyevna PUMPYANSKAYA (hereafter PUMPYANSKAYA) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following ground: (1) PUMPYANSKAYA is associated with a Dmitry Alexandrovich PUMPYANSKY as his wife and by receiving a material benefit from PUMPYANSKY. Dmitry Alexandrovich PUMPYANSKY is an involved person as defined in the regulations. (Gender):Female Listed on: 15/03/2022 UK Sanctions List Date Designated: 15/03/2022 Last Updated: 21/03/2023 23/06/2023 Group ID: 14728.
PUMPYANSKY, Dmitry Alexandrovich
Name (non-Latin script): ПУМПЯНСКИЙ Дмитрий Александрович
DOB: 22/03/1964. a.k.a: PUMPYANSKIY, Dmitri, Alexandrovich Nationality: Russia Position: Former Chairman of the Board of Directors, Tube Metallurgical Company (TMK) Other Information: (UK Sanctions List Ref):RUS0775. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (UK Statement of Reasons): As the Chairman of the Board of Directors of OAO TMK until March 2022, Dmitry Alexandrovich PUMPYANSKY obtained a benefit from or supported the Government of Russia. OAO TMK is the leading provider of specialised oil and gas pipelines in Russia. TMK is therefore carrying on business in a sector of strategic significance to the Government of Russia, the energy sector. Dmitry Alexandrovich PUMPYANSKY (hereafter PUMPYANSKY ) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following ground: (1) PUMPYANSKY has been involved in obtaining a benefit from or supporting the Government of Russia by formerly owning or controlling directly or indirectly and working as a director or equivalent for OAO TMK, an entity which is carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian
energy sector. (Gender):Male Listed on: 15/03/2022 UK Sanctions List Date Designated: 15/03/2022 Last Updated: 21/03/2023 23/06/2023 Group ID: 14726.
The new consolidated Russia sanctions list may be accessed via this link.