Financial sanctions, Russia
The Russia (Sanctions) (EU Exit) Regulations 2019 ensure sanctions relating to Russia are implemented effectively after the UK leaves the EU.
Documents
Details
The Russia (Sanctions) (EU Exit) Regulations 2019 ensure sanctions relating to Russia are implemented effectively after the UK leaves the EU.
Context
This sanctions regime is aimed at encouraging Russia to cease actions which destabilise Ukraine, including actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.
It imposes asset freezes on those identified as being involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. This includes persons responsible for engaging in, providing support for, or promoting any policy or action that destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty and independence of Ukraine.
There are also sectoral financial sanctions which prohibit and restrict specified activities. These include restrictions on dealing with transferable securities or money-market instruments and granting or entering into arrangements to grant loans or credit. For more information, please see our guidance on Russia sanctions
General Licences
Under the Sanctions and Anti-Money Laundering Act (2018), HMT may grant general licences under any autonomous UK sanctions regime. More information is available in OFSI’s UK financial sanctions general guidance.
OFSI has issued general licences under the Russia (Sanctions) (EU Exit) Regulations 2019. A list of general licences published by OFSI can be found on the general licences page.
UK regulations
- The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022
- The Russia (Sanctions) (EU Exit) (Amendment) (No. 6) Regulations 2022
- The Russia (Sanctions) (EU Exit) (Amendment) (No.5) Regulations 2022
- The Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2022
- The Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2022
- The Russia Sanctions (Sanctions) (EU Exit) (Amendment) (No 2) Regulations 2022
- The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022
- The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 4) Regulations 2020
- The Sanctions (EU Exit) (Miscellaneous Amendments) (No. 2) Regulations 2020
- The Russia (Sanctions) (EU Exit) Regulations 2019
- The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014 (prior to 31 December 2020)
- The Ukraine (European Union Financial Sanctions) (No.2) Regulations 2014 (prior to 31 December 2020)
EU regulations (applicable prior to 23.00 on 31st December 2020)
Last updated
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Updated with: Latest HM Treasury Notice, Russia, 13/04/2022
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Updated with: Latest HM Treasury Notice, Russia, 11/04/2022
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Updated with: Latest HM Treasury Notice, Russia, 08/04/2022
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Updated with: Latest HM Treasury Notice, Russia, 06/04/2022.
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Updated with 'Latest HM Treasury Notice, Russia, 05/04/2022'.
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Updated with 'Latest HM Treasury Notice, Russia, 04/04/2022'.
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Updated with: Latest HM Treasury, Russia, 31/03/2022
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Updated with: Latest HM Treasury, Russia, 31/03/2022
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Updated with: Latest HM Treasury, Russia, 30/03/2022
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Updated with Latest HM Treasury, Russia, 25/03/2022
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Updated with: Latest HM Treasury Notice, Russia, 24/03/2022
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Updated with Latest HM Treasury Notice, Russia, 24/03/2022
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Updated with 'Latest HM Treasury Notice, Russia, 18/03/2022'.
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Updated with 'Latest HM Treasury Notice, Russia, 15/03/2022'.
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Updates with 'Latest HM Treasury Notice, Russia, 15/03/2022'.
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Updated with Latest HM Treasury Notice, Russia, 11/03/2022.
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Updated with Latest HM Treasury Notice, Russia, 10/03/2022
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Updated with 'Latest HM Treasury Notice, Russia, 04/03/2022'
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Updated with Latest HM Treasury Notice, Russia, 03/03/2022
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Updated with 'Latest HM Treasury Notice, Russia, 01/03/2022'.
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Updated with 'Latest HM Treasury Notice, Russia, 01/03/2022'.
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Added Russia: List or persons named in relation to financial and investment restrictions
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Updated with Latest HM Treasury Notice, Russia, 01/03/2022 Edited to add The Russia Sanctions (Sanctions) (EU Exit) (Amendment) (No 2) Regulations 2022
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Updated with 'Latest HM Treasury Notice, Russia, 28/02/2022'.
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Updated with 'Latest HM Treasury Notice, Russia, 25/02/2022'.
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Updated with Latest HM Treasury Notice, Russia amendment, 24/02/2022
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Updated with 'Latest HM Treasury Notice, Russia, 24/02/2022'.
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Updated with 'Latest HM Treasury Notice, Russia, 22/02/2022'
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Updated with Latest HM Treasury Notice, Russia, 22/02/2022
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Updated with 'Latest HM Treasury Notice, Russia, 18/02/2022'.
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Updated with 'Latest HM Treasury Notice, Russia, 16/02/2022'.
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Updated 'Latest HM Treasury Notice, Russia, 14/02/2022'.
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Added 'The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2022'
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Updated with 'Latest HM Treasury Notice, Russia, 02/12/2021'
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Updated with 'HM Treasury, 21/06/2021, Russia'.
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Updated with 'Latest HM Treasury, 21/06/2021, Russia'
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Updated with latest HM Treasury Notice, 01/02/2021, Russia
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Updated with 'Latest HM Treasury notice, Russia, 19/01/2021'
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Updated with 'Latest HM Treasury notice, 08/01/2021, Russia'
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Updated to reflect regime coming into force under the Sanctions Act
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Updated with 'Latest HM Treasury notice, 02/10/2020, Ukraine (Sovereignty and Territorial Integrity (Reg 2020/1367)'
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Updated with 'Latest HM Treasury notice, 14/09/2020, Ukraine (Sovereignty and Territorial Integrity (Reg 2020/1267)'
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Updated with 'Latest HM Treasury notice, 18/03/2020, Ukraine (Sovereignty and Territorial Integrity) (Reg 2020/398)'
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Updated with 'Latest HM Treasury Notice, 29/01/2020, Ukraine (Sovereignty and Territorial Integrity) (Correction)'.
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Updated with 'Latest HM Treasury Notice, 28/01/2020, Ukraine (Sovereignty and Territorial Integrity) (Reg 2020/119)'
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Updated with 'Latest HM Treasury Notice, 18/09/2019, Ukraine (Sovereignty and Territorial Integrity) Correction'
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Updated with 'Latest HM Treasury Notice, 17/09/2019, Ukraine (Sovereignty and Territorial Integrity) (Reg 2019/1403)'
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Updated with 'Latest HM Treasury notice, 18/03/2019, Ukraine (Sovereignty and Territorial Integrity) Reg 2019/408)'.
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Updated with 'Latest HM Treasury Notice, 15/03/2019, Ukraine (Sovereignty and Territorial Integrity) (Reg 2019/409)'.
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Updated with 'Latest HM Treasury notice, 23/01/2019, Ukraine (Sovereignty and Territorial Integrity) (Reg 2019/92)'.
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Updated with 'Latest HM Treasury notice, 12/12/2018, Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/1929)'.
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Updated with 'Latest HM Treasury notice, 20/09/2018, Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/1230)'.
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Updated with latest HM Treasury notice –31/07/2018 Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/1072).
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Updated with latest HM Treasury notice –15/06/2018 Ukraine (Sovereignty and Territorial Integrity) (Corrigenda).
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Updated with latest HM Treasury notice, 14/05/2018, Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/705)
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Updated to include link to The Ukraine (European Union Financial Sanctions) (No.3) Regulations 2014
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Latest HM Treasury Notice, 15/03/2018, Ukraine (Sovereignty and Territorial Integrity) (Reg 2018/388) added
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Updated link to Council Regulation (EU) No 833/2014
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Updated link to Council Regulation 269/2014 as part of routine site maintenance.
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Updated link to Council Regulation (EU) No 833/2014
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Updated with latest HM Treasury Notice, 21/11/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/2153)
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Updated version of "Commission Guidance note on the implementation of certain provisions of Regulation (EU) No 833/2014" added
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Updated with latest HM Treasury Notice, 21/09/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/1549)
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Updated with latest HM Treasury Notice, 18/09/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/1549)
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Web text revised for clarity
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Updated text on the page to improve clarity
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Updated with latest HM Treasury notice, 04/08/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/1417)
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Updated with latest HM Treasury notice, 27/07/2017, Ukraine (Sovereignty and Territorial Integrity) (Reg 2017/1374)
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Updated with Latest Treasury notice, 11/04/2017, Ukraine (Sovereignty and Territorial Integrity) (Regulation 2017/437)
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Updated the commission guidance for the Ukraine regime so that it is in line with the EU's recently published updated guidance.
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Updated: Latest Treasury notice, 09/11/2016, Ukraine (Sovereignty and Territorial Integrity) (Reg 2016/1955).
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Updated with HM Treasury notice, 23/09/2016, Ukraine (Sovereignty and Territorial Integrity) (Reg 2016/1661)
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Updated list due to new notice - Ukraine (Sovereignty) Regulation 2016/353 (amendments to identifying information)
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new notice added
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Notice added
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Updated list
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Under current EU regulations, 'amended Annex I to Regulation 267/2014' corrected to 'Regulation 269/2014'
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Updated Ukraine Sovereignty list
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New sanction added
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Updated due to notice Ukraine (Sovereignty and Territorial Integrity) (Reg 2015/240)
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updated to include new link to EU document
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Updated with latest notice 'Reg 1290/2014'
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Updated to include Ukraine (Sovereignty and Territorial Integrity) (Reg 1270/2014)
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Updated with latest notice Ukraine (Sovereignty and Territorial Integrity) (Reg 1225/2014)
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New conslidated list of disignated persons, Ukraine (Sovereignty and Territorial Integrity) and subject to restrictive measures under Council Regulation (EU) No 833/2014. New notice (Reg 961_2014)
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Added Current list of persons subject to restrictive measures under Council Regulation (EU) No 833/2014 and latest Treasury notice.
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Added notice for Ukraine (Sovereignty and Territorial Integrity) (Reg 826/2014)
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added notice: (Reg 810/2014)
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updated 'Current EU regulations' section
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Updated to include new notice, Ukraine (Sovereignty and Territorial Integrity) (Reg 753/2014)
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added notice Ukraine (Sovereignty and Territorial Integrity) (Reg 577/2014)
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Updated list of designated persons
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Added notice 13/05/14 Ukraine (Sovereignty and Territorial Integrity) (Reg 477/2014)
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Added notice 29/04/14 Ukraine (Sovereignty and Territorial Integrity) (Reg 433/2014)
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added Council Implementing Regulation 284/2014 to Current EU regulations
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Added notice 21/03/14 Ukraine (Sovereignty and Territorial Integrity) (Reg 284/2014)
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First published.