Russia
This page provides guidance on the UK’s sanction regime, as it has effect in the Island, relating to Russia.
The Russia (Sanctions) (EU Exit) Regulations 2019 have effect in the Isle of Man by the Sanctions (Implementation of UK Sanctions) Regulations 2024 ('the Regulations'), which are made under the Sanctions Act 2024. This regime imposes financial, trade, aircraft, shipping and immigration sanctions for the purposes of encouraging Russia to cease actions which destabilise Ukraine, or undermine or threaten the territorial integrity, sovereignty or independence of Ukraine.
Individuals and entities who are designated under this regime are included on the UK sanctions list.
Types of sanctions applicable under this regime:
- Asset freeze
- Other financial and investment restrictions
- Trade
- Immigration
- Aircraft
- Ships
Documents
External Links
Sanctions evasion typologies
- UK Red Alert: Financial Sanctions Evasion Typologies: Russian Elites and Enablers
- UK Red Alert: Exporting High Risk Goods
- UK Red Alert: Gold-based Financial and Trade Sanctions Circumvention
- Guidance for EU operators: Implementing enhanced due diligence to shield against Russia sanctions
circumvention - Trade sanctions circumvention notice
More information on asset freezes can be found in the Financial Sanctions General Guidance document.
More detailed information on the Treasury’s approach to compliance and enforcement can be found in the Sanctions Compliance Guide document.
Further information on exemptions and licensing grounds please see the Sanctions Licences page.
Further Information
If you require any further assistance in relation to sanctions, please don't hesitate to contact the Sanctions Team on:
Telephone: +44 1624 648109
Email: sanctions@gov.im
