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 modifying or correcting the records of four individuals on the list which remain subject to asset freezing measures.
#### The records of the following persons were amended as follows:
FRIDMAN, Mikhail Maratovic
Name (non-Latin script): Михаил Маратович ФРИДМАН
DOB: 21/04/1964. POB: Lviv, Ukraine a.k.a: FRIEDMAN, Mikhail, Maratovic Nationality: (1) Israel (2) Russia Address: (1) London, UK United Kingdom (2) Moscow, Russia. Position: (1) Former Member of the Board of Directors of Alfa Bank Russia (2) Former Chairman of the Supervisory Board of Alfa Group Consortium (3) Founder of Alfa Group Former Member of the Board of Directors of ABH Holdings S.A (4) Shareholder of ABH Holdings S.A Other Information: (UK Sanctions List Ref): RUS0664. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. (UK Statement of Reasons): MIKHAIL MARATOVICH FRIDMAN is a prominent Russian businessman and pro-Kremlin oligarch. FRIDMAN is involved in obtaining a benefit from or supporting the Government of Russia through his positions on the Supervisory Board of the Alfa Group, and the Board of Directors of ABH Holdings S.A., owner of Russia’s largest privately owned bank ‚Alfa-Bank (Russia)’, which are carrying on business in a sector or sectors of strategic significance to the Government of Russia. FRIDMAN is closely associated with President Vladimir Putin, and is therefore associated with an individual who is involved in destabilising and threatening the territorial integrity, sovereignty and independence of Ukraine. Mikhail Maratovich FRIDMAN is an “involved person” under the Russia (Sanctions) (EU Exit) Regulations 2019 (the „Russia Regulations“) on the basis of the following grounds: (1) FRIDMAN is and/or has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director or equivalent of Alfa Group, a person carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector; (2) FRIDMAN has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director or equivalent of ABH Holdings S.A., an entity carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector; (3) FRIDMAN has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director or equivalent of Alfa-Bank Russia, an entity carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector; (4) FRIDMAN has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director or equivalent of Alfa-Bank Russia, an entity carrying on business of economic significance to the Government of Russia; (5) FRIDMAN is and/or has been involved in obtaining a benefit from or supporting the Government of Russia by carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian financial services sector. (Gender):Male Listed on: 15/03/2022 UK Sanctions List Date Designated: 15/03/2022 Last Updated: 21/03/2023 19/09/2023 Group ID: 14615.
ILIEV, Zarakh Binsionovich
Name (non-Latin script): ИЛИЕВ Зарах Бинсионович
DOB: 08/09/1966. POB: Azerbaijan Other Information: (UK Sanctions List Ref):RUS1645. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. Transport sanction: where transport sanctions apply, a ship owned, controlled, chartered or operated by a designated person is prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated. Similarly, an aircraft owned, chartered or operated by a designated person is prohibited from overflying or landing in the UK, may be given a movement direction, can be detained or moved to a specified airport, and will be refused permission to register on the CAA Aircraft Register or have its existing registration terminated. (UK Statement of Reasons):Zarakh Binsionovich ILIEV (hereafter ILIEV) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) ILIEV is associated with God NISANOV who is an involved person as defined in the regulations. (2) ILIEV is and has been involved in obtaining a benefit from or supporting the Government of Russia by owning or controlling directly or indirectly Kievskaya Ploshchad, which is carrying on business in sectors of strategic significance to the Government of Russia, namely the Russian construction and transport sectors. (Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: 21/03/2023 19/09/2023 Group ID: 15589.
MAKAROV, Igor Viktorovich
Name (non-Latin script): МАКАРОВ Игорь Викторович
DOB: 05/04/1962. POB: Turkmenistan Other Information: (UK Sanctions List Ref):RUS1642. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. Transport sanction: where transport sanctions apply, a ship owned, controlled, chartered or operated by a designated person is prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated. Similarly, an aircraft owned, chartered or operated by a designated person is prohibited from overflying or landing in the UK, may be given a movement direction, can be detained or moved to a specified airport, and will be refused permission to register on the CAA Aircraft Register or have its existing registration terminated. (UK Statement of Reasons):Igor Viktorovich MAKAROV (hereinafter MAKAROV) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) MAKAROV is and/or has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director or equivalent of an entity, Reywood Holdings Limited (formerly ARETI International Group), which is or has been carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian energy sector; (2) MAKAROV is and/or has been involved in obtaining a benefit from or supporting the Government of Russia by owning or controlling an entity, Reywood Holdings Limited (formerly ARETI International Group), which is and/or has been carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian energy sector; (3) MAKAROV has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director (whether executive or non-executive) or equivalent of an entity, JSC New Stream, which has been carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian energy sector; (4) MAKAROV has been involved in obtaining a benefit from or supporting the Government of Russia by holding the right, directly or indirectly, to nominate at least one director (whether executive or non-executive) of an entity, Vikay Industrial Limited, which has been carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian energy sector; (5) MAKAROV has been involved in obtaining a benefit from or supporting the Government of Russia by owning or controlling an entity, Selaco Limited (formerly Tradeluxo Limited), which is and/or has been carrying on business in a sector of strategic significance to the Government of Russia, the Russian energy sector. (Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: 17/08/2023 19/09/2023 Group ID: 15586.
MAKHMUDOV, Iskander Kakhramonovich
Name (non-Latin script): Искандер Кахрамонович МАХМУДОВ
DOB: 05/12/1963. Position: President of Ural Mining and Metallurgical Company (UMMC) Other Information: (UK Sanctions List Ref):RUS1643. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 21/03/2023. Transport sanction: where transport sanctions apply, a ship owned, controlled, chartered or operated by a designated person is prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated. Similarly, an aircraft owned, chartered or operated by a designated person is prohibited from overflying or landing in the UK, may be given a movement direction, can be detained or moved to a specified airport, and will be refused permission to register on the CAA Aircraft Register or have its existing registration terminated. (UK Statement of Reasons):Iskander Kakhramonovich MAKHMUDOV (hereafter MAKHMUDOV) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) MAKHMUDOV is and has been involved in obtaining a benefit from or supporting the Government of Russia through his role as President of Ural Mining and Metallurgical Company (UMMC) by working as a manager or equivalent at an entity carrying on business in the Russian extractives sector, a sector of strategic significance to the Government of Russia. (2) MAKHMUDOV has been involved in obtaining a benefit from or supporting the Government of Russia through owning or controlling directly or indirectly Ural Mining and Metallurgical Company (UMMC), an entity carrying on business in the Russian extractives sector, a sector of strategic significance to the Government of Russia. (Gender):Male Listed on: 26/09/2022 UK Sanctions List Date Designated: 26/09/2022 Last Updated: 21/03/2023 19/09/2023 Group ID: 15587.
The new consolidated Russia sanctions list may be accessed via this link.