Financial sanctions, Russia

The UK government 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 government informs that it has updated its consolidated sanction list by removing the records of one entity and one individual and by amending the records of one other person. Latter remains subject to asset freezing measures.
##### The removals concern the following parties:
– MINSK WHEEL TRACTOR PLANT (Group ID: 15036) – please ensure to retain the entity on your sanctions list under Group ID: 14044 as this was a duplicate;
– Brian MCDONALD (Group ID: 15335)
##### The modifications concern the following person and read as follows:
MAKAROV, Igor Viktorovich
Name (non-Latin script): МАКАРОВ Игорь Викторович DOB: 05/04/1962. POB: Turkmenistan Other Information: (UK Sanctions List Ref):RUS1642 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 (hereafter MAKAROV) is an involved person under the Russia (Sanctions) (EU Exit) Regulations 2019 on the basis of the following grounds: (1) MAKAROV is and has been involved in supporting the Government of Russia by working as a director or equivalent through his role as President of ARETI International Group, an entity which has operating operated in the Russian energy sector – a sector of strategic significance to the Government of Russia (2) MAKAROV is and has been involved in supporting the Government of Russia by owning or controlling directly or indirectly ARETI International Group, an entity which has operating operated in the Russian energy sector – a sector of strategic significance to the Government of Russia (3) MAKAROV has been involved in supporting the Government of Russia by working as a director (whether executive or non-executive) or equivalent of the New Stream Group, an entity operating in the Russian energy 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: 26/09/2022 17/03/2023 Group ID: 15586.
The new consolidated Russia sanctions list may be accessed via this link.