Financial sanctions update: Russia

New sanctions measures contained in updated Russia regulations

View in browser Office of Financial Sanctions Implementation New Sanctions measures - Russia regime As part of updated regulations in the Russia sanctions regime, there are new restrictions on the provision of financial services for the purpose of foreign exchange reserve and asset management. The Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2022 prohibit a UK individual or entity from providing financial services for the purpose of foreign exchange reserve and asset management to: the Central Bank of the Russian Federation the National Wealth Fund of the Russian Federation the Ministry of Finance of the Russian Federation a person owned or controlled directly or indirectly by any of the persons above; or a person acting on behalf of or at the direction of any of the persons above For full details of the regulations on the FCDO's Russia Sanctions page,  click here If you have any questions about this email, please contact us using the link below. Contact us Manage preferences Unsubscribe Help

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