Isle of Man Government – Financial Sanctions: Russia

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Contents

Amendment personal What you must do More information Consulting Contact Information

This press release is being issued to announce amendments to 1 item under the Russian sanctions regime.

The Russia (Sanctions) (Withdrawal from the European Union) Regulations 2019 brought into force in the Isle of Man the Sanctions (UK Sanctions Implementation) Regulations 2024 (the “Regulations”) made pursuant to the Sanctions Act 2024. The regime imposes financial, trade, aircraft, shipping and immigration sanctions with the aim of encouraging Russia to cease actions that undermine the stability of Ukraine or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine.

Individuals and entities designated under the system are included UK Sanctions List.

Types of sanctions applicable under the regime:

Asset Freeze
Other financial and investment restrictions
trading
migrant
airplane
Ships

On 31 May 2024, the Foreign, Commonwealth and Development Office updated the UK sanctions listThis list provides details of persons designated under sanctions regulations.

Amendment

The following items have been Comprehensive list and remains subject to asset freeze and trust services sanctions.

Deleted information appears in (square brackets). Additional information appears in Italic.

personal

Dmitri Vladimirovich Konov
Name (non-Latin): Dmitri Vladimirovich Konov
date of birth: February 9, 1970. mailing address: Moscow, Russia Country of Citizenship: Russia address: Office 5, Building 5, Korobennikov Lane, 119034 Moscow, Russia. Location: (1) Former General Manager of OOO SIBUR (2) Former Chairman of the Management Committee and Member of the Board of Directors of SIBUR Holdings JSC (3) Former Chairman of the Management Committee and General Manager of SIBUR LCC (4) Former Independent Member/Director of the Supervisory Board of PJSC Other information about Alrosa: (UK Sanctions List Number): RUS0784. Financial Sanctions Imposed in Addition to Asset Freeze: Trust Services. Date Trust Services Sanctions Imposed: 21 March 2023. (UK Statement of Reasons): (Dmitry Vladimirovich KONOV (KONOV) is a person of concern under the Russia (Sanctions) (EU Exit) Regulations 2019 on the grounds that: (1) KONOV has received benefits from or provided support to the Russian government through his position as a director or equivalent of PJSC Sibur Holding, an entity operating in an industry of strategic importance to the Russian government (i.e., the Russian chemical industry); and (2) KONOV is or has received benefits from or provided support to the Russian government through his position as a director or equivalent of PJSC Alrosa, an entity operating as an entity affiliated with the Russian government and operating in an industry of strategic importance to the Russian government (i.e., the Russian extractive industry). Dmitriy Vladimirovich Konov (hereinafter referred to as Konov) is a person suspected of offences under the Russia (Sanctions) (EU Exit) Regulations 2019 on the following grounds: (1) Konov participated in obtaining benefits from or in support of the Russian government by serving as a director or equivalent position of PJSC SIBUR Holding, an entity carrying on business in a sector of strategic importance to the Russian government, namely, the Russian chemical industry; (2) Konov participated in obtaining benefits from or in support of the Russian government by serving as a director or equivalent position of PJSC Alrosa, an entity carrying on business in a sector of strategic importance to the Russian government, namely, the Russian extractive industry; (3) Konov participated in obtaining benefits from or in support of the Russian government by serving as a director or equivalent position of PJSC Alrosa, an entity carrying on business as an entity affiliated with the Russian government. (Gender) Male Release Date: March 15, 2022 UK Sanctions List Designation Date: March 15, 2022 Last updated: (May 31, 2023) May 31, 2024 Group ID: 14735.

What you must do

If you suspect that a person or entity matches one on the UK sanctions list and you hold or otherwise deal with funds or economic resources of that person:

You must freeze your assets immediately
You must review the information you hold about that person against the UK sanctions list to ensure there are no misreportings
The assets must not be dealt with or made available to or for the benefit of a designated person unless:

You have legal immunity
You have a license

You must report frozen assets to the Financial Intelligence Unit

If you suspect or become aware of a sanctions violation, or if you have blocked any attempted transaction, Report your suspicions to the Financial Intelligence Unit (FIU).

Failure to comply with financial and trade sanctions or attempts to circumvent them are criminal offenses.

If the relevant agencies have already reported details of accounts, other funds or economic resources frozen for a designated person, there is no need to report those details again.

notes: Determine whether the client is on the UK sanctions list, including determining whether any corporate entity is directly or indirectly owned or controlled by a person on the UK sanctions list.

For more guidance on false positives and delistings, and what to do about them, see Financial Sanctions General Guidance Page.

More information

For more information on the Russian sanctions regime and other sanctions-related guidance, visit Sanctions Guide page on the Sanctions and Export Controls website.