---
title: "Additional U.K. Sanctions Targeting Russian Industries, Banks, Elites; Belarusian Entities"
date: 2022-03-24T16:35:50-04:00
author: Import Bot
canonical_url: "https://www.kelleydrye.com/viewpoints/blogs/trade-and-manufacturing-monitor/additional-u-k-sanctions-targeting-russian-industries-banks-elites-belarusian-entities"
section: Blog Posts
---
# Additional U.K. Sanctions Targeting Russian Industries, Banks, Elites; Belarusian Entities

 March 24, 2022

 

 

 

 

 

 

Today, the United Kingdom expanded sanctions on Russia by imposing asset freeze restrictions on [59 Russian](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1062892/Notice_Russia_240322.pdf) and [six Belarusian](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1062890/Notice_Belarus_240322.pdf) actors. The measures target [key strategic industries](https://www.gov.uk/government/news/foreign-secretary-announces-65-new-russian-sanctions-to-cut-off-vital-industries-fuelling-putins-war-machine) in Russia, and include large banks, defense companies, and Russian elites.

Of note, the following Russian banks and companies have been added to the U.K.’s consolidated asset freeze list:

- Alfa-Bank JSC
- Gazprombank
- Russian Agricultural Bank
- Alrosa
- Kronshtadt
- Wagner
- Russian Railways
- Russian Venture Company

Moreover, the United Kingdom imposed asset freeze and travel sanctions on many Russian elites and oligarchs, including: - Oleg Tinkov, founder of Tinkoff Bank;
- Herman Gref, CEO of Sberbank;
- Oleg E Aksyutin, Deputry Chairman of Gazprom PJSC;
- Didier Casimiro, the First Vice President of Rosneft;
- Zeljko Runje, Deputy Chairman and First Vice President for Oil, Gas, and Offshore Business Development of Rosneft;
- Galina Danilchenko, named mayor of Melitopol;
- Eugene Markovich Shvidler, a billionaire oligarch.

With respect to Belarus, the United Kingdom sanctioned the following entities: - Bank Dabrabyt Joint Stock Company
- CJSC Belbizneslizing
- Industrial-Commercial Private Unitary Enterprise Minotor-Service
- JSC Transaviaexport Airlines
- Limited Liability Company Belinvest-Engineering
- OJSC KB Radar-Managing Company Holding Radar System

All accounts, and other funds or economic resources, and any funds owned or controlled by designated individuals and entities in the UK must be frozen and UK persons must refrain from dealing with frozen funds or assets unless authorized. As with U.S. blocking restrictions, reporting and anti-circumvention requirements apply.The UK issued two general licenses ([INT/2022/1424276](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1063223/INT20221424276_GL.pdf) and [INT/2022/1424277](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1063227/GL_INT20221424277.pdf)) authorizing the wind down of certain transactions involving Alfa Bank JSC, GazPromBank, Rosselkhozbank, SMP Bank, Ural Bank for Reconstruction and Development, and Bank Dabrabyt Joint Stock Company through April 23, 2022.

The UK also [clarified](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1063230/GENERAL__LICENCE_276.pdf) that existing general license INT/2022/1381276 authorizes the provision of financial services to wind down certain transactions entered into prior to March 1, 2022 with entities owned, controlled, or acting on behalf of Russia’s Central Bank, National Wealth Fund, or Russian Ministry of Finance.

 

 **Tags:** [Russia sanctions](https://www.kelleydrye.com/viewpoints/blogs/trade-and-manufacturing-monitor/tags/russia-sanctions)

 

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