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 two individuals on the list which remain subject to asset freezing measures. The affected persons and their records are as follows:
1. BORISOVICH, Arutyunov Alexander ARUTYUNOV, Alexander Borisovich
Name (non-Latin script): Арутюнов Александр БОРИСОВИЧ
Title: Mr Nationality: Russia Position: Member of the Board of Directors at Joint-Stock Company Aero-Engine Scientific and Technical Complex “Soyuz” Other Information: (UK Sanctions List Ref):RUS2010. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 06/12/2023. (UK Statement of Reasons):Arutyunov Alexander Borisovich is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 because
he is or has been involved in obtaining a benefit from or supporting the Government of Russia by being a director of an entity carrying on business in sectors of strategic significance to the Government of Russia, namely the Russian defence and transport sectors. (Gender):Male Listed on: 06/12/2023 UK Sanctions List Date Designated: 06/12/2023 Last Updated: 06/12/2023 18/12/2023 Group ID: 16232.
2. TREGUB, Sergei Sergeevich
Name (non-Latin script): Сергей Вадимович ТРЕГУБ Сергей Сергеевич Трегуб
DOB: 08/12/1995. a.k.a: TREGUB, Sergey, Sergeevich Nationality: (1) Cyprus (2) Russia Other Information: (UK Sanctions List Ref):RUS2055. Financial sanctions imposed in addition to an asset freeze: Trust services. Date trust services sanctions imposed: 06/12/2023. (UK Statement of Reasons):Sergei Sergeevich TREGUB is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following grounds: TREGUB is associated with a person who is involved
in obtaining a benefit from or supporting the Government of Russia, namely Sergei Vadimovich Tregub. (Gender):Male Listed on: 06/12/2023 UK Sanctions List Date Designated: 06/12/2023 Last Updated: 06/12/2023 18/12/2023 Group ID: 16275.
The new consolidated Russia sanctions list may be accessed via this link.