Guidance

Financial sanctions guidance for Russia

Guidance for UK financial sanctions in relation to Russia

From:
Office of Financial Sanctions Implementation
Published
13 February 2024
Last updated
11 December 2024 — See all updates

Documents

Financial sanctions guidance for Russia

HTML

Ownership and control: public officials and control guidance

https://www.gov.uk/government/publications/ownership-and-control-public-officials-and-control-guidance/ownership-and-control-public-officials-and-control-guidance

Details

Guidance for UK financial sanctions in relation to Russia covering:

  • Russia regulations
  • Asset freezes
  • Loan and credit arrangements
  • Correspondent banking relationships
  • Foreign exchange reserve and asset management
  • Investments in relation to Crimea
  • Investments in Russia
  • Licensing
  • Reporting
  • Trust services sanctions

Updates to this page

Published 13 February 2024
Last updated 11 December 2024 + show all updates

  1. Section 6 updated to change reference from 'Crimea' to ‘Non-government controlled Ukrainian territory'.

  2. Minor change

  3. Financial sanctions guidance for Russia updated.

  4. Financial sanctions guidance for Russia - 9.6 Trust services amended

  5. Guidance amended to include reference for inclusion of designated persons subject to the reporting requirements in Regulation 38A of the Belarus Regulations.

  6. In line with our announcement of 13 February 2024, the Financial Sanctions Guidance for Russia has been converted from PDF to a digital format. FAQs have been removed from this document as they are now a standalone feature, published on 1 May 2024.

  7. FAQ number 56 added - When are persons required to report to OFSI under regulation 70A (5)?

  8. First published.

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