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UK gets up earlier than US, sanctions Russia first

In response to yesterday’s actions, OFSI has added the following persons:

1. TIMCHENKO, Gennadiy Nikolayevich
Name (non-Latin script): Геннадий Николаевич Тимченко
DOB: 09/11/1952. POB: Leninakan, Armenia a.k.a: (1) TIMCHENKO, Gennadi, Nikolayevich (2) TIMCHENKO, Gennady, Nikolayevich Nationality: (1) Russia (2) Finland (3) Armenia Position: Shareholder in Bank Russia Other Information: (UK Sanctions List Ref): RUS0235 (UK Statement of Reasons): Gennadiy Timchenko, hereafter Timchenko is a major shareholder in Bank “Rossiya”. Bank “Rossiya” is a key stakeholder in the National Media Group which supports Russian policy which is destabilising Ukraine. Following the annexation of Crimea, Bank “Rossiya” has expanded its bank branches and provision of insurance and investment throughout Crimea and Sevastopol; and offers support to military activities and the formation of major transport links and cards that allow the public to travel easily around the peninsula. Therefore, Bank “Rossiya” has supported the consolidation of Crimea into the Russian Federation by integrating the financial system following the annexation of Crimea. Timchenko therefore is or has been involved in engaging in, providing support for, or promoting any policy or action which destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty or independence of Ukraine. Additionally, Timchenko is associated with a person involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. (Gender): Male Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14181.

2. ROTENBERG, Boris Romanovich
Name (non-Latin script): Борис Романович Ротенберг
DOB: 01/03/1957. a.k.a: (1) ROTHENBERG, Boris Nationality: (1) Russia (2) Finland Other Information: (UK Sanctions List Ref):RUS0246 (UK Statement of Reasons):Boris Rotenberg, hereafter Rotenberg, is a prominent Russian businessman with close personal ties to Russian President, Vladimir Putin. Rotenberg is a major shareholder of SMP Bank and sits on its Board of Directors. Rotenberg therefore is or has been involved in obtaining a benefit from or supporting the Government of Russia by virtue of owning or controlling directly or indirectly" or "working as a director" or "equivalent" at SMP Bank which is a Russian Government affiliated-entity which obtains a financial benefit or other material benefit from the Government of Russia and is carrying out business in the finance sector which is a sector of strategic significance to the Government of Russia. Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14182.

3. ROTENBERG, Igor Arkadyevich
Name (non-Latin script): Игорь Аркадьевич Ротенберг
DOB: 09/09/1974. POB: Leningrad (St Petersburg), Russia a.k.a: (1) ROTHENBERG, Igor Nationality: Russia Address: Moscow, Russia. Position: (1) Chairman of Board of Directors of National Telematic Systems (2) Shareholder in RT Invest Transport Systems (RTITS) Other Information: (UK Sanctions List Ref): RUS0247 (UK Statement of Reasons):Igor Rotenberg is a prominent Russian businessmen with close familial ties to President Putin. Igor Rotenberg is the Chairman of the Board of Directors of National Telematic Systems (NTS). NTS is conducting business in the transport sector, which is of strategic significance to the Government of Russia, and therefore through his role as Chairman of the Board of Directors to NTS, Igor Rotenberg is benefiting from or supporting the Government of Russia. Igor Rotenberg is also a shareholder in RT-Invest Transport Systems (RTITS). RTITS, through the "Platon" toll system, is conducting business in the transport sector, which is of strategic significance to the Government of Russia. It is also obtaining a benefit from the Government of Russia. (Gender): Male Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14183.

and entities:

1. BANK ROSSIYA
Name (non-Latin script): Акционерное общество "Акционерный Банк 'РОССИЯ'"
a.k.a: (1) Bank of Russia (2) Russia Bank Address: St. Neglinnaya, 12, Moscow, Russia, 107016. Other Information: (UK Sanctions List Ref): RUS0232 (UK Statement of Reasons): Bank “Rossiya” is a Russian bank privately owned by elite Russian billionaires with direct links to Putin. Bank “Rossiya” also has important stakes in the National Media Group, which controls television stations which actively support the Russian Government's policies of destabilisation in Ukraine. Since the annexation of Crimea, Bank “Rossiya” has opened branches across Crimea and Sevastopol, and provided travel cards for the public to travel across the peninsula thereby supporting the integration of Crimea and Sevastopol into the Russian Federation through the financial system. Bank “Rossiya” has also contributed to the provision of insurance and investment throughout Crimea and Sevastopol and services to support military capability and major transport links. Bank “Rossiya” therefore is or has been involved in providing financial services, or making available funds, economic resources, goods or technology and engaging in, providing support for, or promoting any policy or action that could contribute to destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. (Website): https://abr.ru/ (Type of entity): Public Joint Stock Company (PJSC) (Business Reg No): License number: 328 INN: 7831000122 OGRN: 1027800000084 Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14177.

2. BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION
Name (non-Latin script): Акционерное Обещество Черноморский Банк Равития и Реконструкции
a.k.a: (1) Black Sea Bank Development and Reconstruction (2) Black Sea Bank of Development and Reconstruction (3) Joint Stock Company Black Sea Bank for Development and Reconstruction Address: Bil’shovyts’ka Street, 24, Simferopol, Crimea, Ukraine Other Information: (UK Sanctions List Ref): RUS0233 Other suspected locations: 22 regional offices in Crimea (UK Statement of Reasons): JOINT STOCK COMPANY “BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION” hereafter, JSC “BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION” is a Crimean bank that was created immediately after the illegal annexation of Crimea in 2014. It has capitalised on the sector’s fear of Western sanctions and the lack of banks in Crimea. By operating in Crimea, JSC “BLACK SEA BANK FOR DEVELOPMENT AND RECONSTRUCTION” has consolidated Crimea into the Russian Federation through the financial system. (Phone number):(1) +7 (365) 254-89-05 (2) +7 (978) 982-52-09 (3) +7(365) 260-58-05 (4) +7 (365) 254-89-18 (5) +7 (978) 750-36-94 (6) +7 (978) 835- 27-83 (7) +7 (978) 095-11-18 (8) +7 (978) 825-59-40 (9) +7 (365) 255-02-48 (Website):https://www.chbrr.crimea.com/ (Email address):(1) magnolia.byx@yandex.ua (2) sicomplit@i.ua (3) t_c82@inbox.ru (4) zakupkj@chbrr.crimea.com (Type of entity):Public Joint Stock Company (PJSC) Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14178.

3. JOINT STOCK COMPANY GENBANK
Name (non-Latin script): АО "ГЕНБАНК"
a.k.a: Aktsionernoe Obshchestvo Genbank Address: (1) Ozerkovskaya Naberezhnaya, 12, Moscow, Russia, 115184. (2) Sevastopolskaya Street, 13, Simferopol, Crimea, Ukraine, 295011. Other Information: (UK Sanctions List Ref): RUS0234 Phone number: (1) +7 (495) 777 55 45 (2) 8 (800) 333 55 45 (3) +7 (365) 255 02 55 (4) +7 365 225 50 25 ext 5 (5) +7 (915) 210 21 56 (6) +7 (978) 712 77 01 (7) +7 (978) 708 79 80 (8) +7 (978) 740 75 94 (9) +7 (495) 701 19 42 (10) +7 (495) 701 15 41 (11) +7 (365) 254 86 20 (12) +7 (978) 755 00 51 (UK Statement of Reasons): Joint Stock Company (JSC) Genbank is a Russian financial institution that operates extensively in the occupied territory of Crimea. By providing banking and other financial services in the annexed territory of Crimea it contributes to undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. (Website): www.genbank.ru (Type of entity): Bank (Business Reg No):1137711000074 (Russia), EO13685 (Ukraine) Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14179.

4. IS BANK
Name (non-Latin script): Акционерное общество Коммерческий банк "Индустриальный Сберегательный Банк"
a.k.a: JSC CB IS Bank "Industrial Savings Bank" Address: (1) Dmitrovsky Lane, 7, Moscow, Russia, 107031. (2) Eldoradovsky Per 7, Moscow, 1251677. Other Information: (UK Sanctions List Ref): RUS0236 (UK Statement of Reasons):Since the annexation of Crimea, IS Bank, a Russian Bank, has operated across Crimea, after Ukrainian banks were stopped from operating there. Its business development is directly tied to the annexation of Crimea. In addition, it has been providing financial services, thereby facilitating the integration of Crimea into the Russian Federation through the financial system. (Phone number): (1) +7-4994018383 (2) 7-495 641 4070 (Website): www.isbank.ru (Type of entity):Bank (Business Reg No):1027739339715 (Russia) Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14180.

5. PUBLIC JOINT STOCK COMPANY PROMSVYAZBANK
Name (non-Latin script): ПAO "Промсвязьбанк"
a.k.a: (1) PJSC Promsvyazbank (2) Promsvyazbank PJSC Address: Building 22, Smirnovskaya Street, 10, Moscow, Russia, 109052. Other Information: (UK Sanctions List Ref): RUS0237 (UK Statement of Reasons): PJSC Promsvyazbank ("Promsvyazbank") is a Russian state owned bank. Its main task is to service the state defence order and to finance defence industry enterprises. In its role as a pivotal bank for the Russian military-industrial complex, including servicing nearly 70% of the state contracts signed by the Defence Ministry as a government customer, Promsvyazbank provides financial services or makes available funds and economic resources that could contribute to destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. (Phone number): (1) 8 (800) 333 0303 (2) +7 495 787 33 33 (Website): www.psbank.ru Listed on: 22/02/2022 UK Sanctions List Date Designated: 22/02/2022 Last Updated: 22/02/2022 Group ID: 14184.

to its Russia sanctions list.

And the Foreign, Commonwealth & Development Office (FCDO) issued the following statement:

Press release

UK hits Russian oligarchs and banks with targeted sanctions: Foreign Secretary statement

Following the Prime Minister’s announcement to the House of Commons, Foreign Secretary Liz Truss is today (Tuesday 22 February) designating the initial tranche of sanctions on Russia.From:Foreign, Commonwealth & Development Officeand The Rt Hon Elizabeth Truss MPPublished22 February 2022

Oligarchs at the heart of Putin’s inner circle and banks which have bankrolled the Russian occupation of Crimea have been targeted by the first wave of UK sanctions in response to Russia’s further violation of Ukraine’s sovereignty.

Following the Prime Minister’s announcement to the House of Commons, Foreign Secretary Liz Truss is today (Tuesday 22 February) designating the initial tranche of sanctions on Russia. The sanctions package targets oligarchs and banks associated with the Kremlin.

Foreign Secretary Liz Truss said:

This first wave of sanctions will hit oligarchs and banks close to the Kremlin. It sends a clear message that the UK will use our economic heft to inflict pain on Russia and degrade their strategic interests.

And we are prepared to go much further if Russia does not pull back from the brink. We will curtail the ability of the Russian state and Russian companies to raise funds in our markets, prohibit a range of high tech exports, and further isolate Russian banks from the global economy.

These will be surgically targeted sanctions that will hit Russia hard.

Using new powers introduced on 10 February, the UK has frozen the assets and imposed travel bans on three leading members of the Russian elite of particular significance to the Kremlin: Gennady Timchenko, Russia’s sixth richest oligarch, and Boris and Igor Rotenberg, two long-standing associates of the regime.

Assets of five Russian banks involved in bankrolling the Russian occupation have also been frozen with immediate effect. This includes Bank Rossiya, which is particularly close to the Kremlin, Black Sea Bank for Development and Reconstruction, IS Bank and Genbank. The assets of Promsvyazbank, the pivotal bank in propping up Russia’s defence sector, have also been frozen.

The UK will also sanction those members of the Russian Duma and Federation Council who voted to recognise the independence of Donetsk and Luhansk in flagrant violation of Ukraine’s territorial sovereignty.

In addition, over the coming weeks we will extend the territorial sanctions imposed on Crimea to non-Government controlled territory in the so-called breakaway republics of Donetsk and Luhansk. No UK individual or business will be able to deal with this territory until it is returned to Ukrainian control.

In the event of further aggressive acts by Russia against Ukraine, we have prepared an unprecedented package of further sanctions ready to go. These include a wide ranging set of measures targeting the Russian financial sector, and trade.

As part of this, should Russia not de-escalate the UK will shortly introduce legislation which will, amongst other steps, prevent Russia from issuing sovereign debt on UK markets. Working with partners we will effectively be isolating Russia from the global economy, and making it far more difficult for oligarchs and businesses to operate outside their own borders.

ENDS

Media enquiries

Email newsdesk@fcdo.gov.uk

Telephone 020 7008 3100

Contact the FCDO Communication Team via email (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

Links:

OSFI Notice

FCDO Notice

Categories: OFSI Updates Russia sanctions Sanctions Lists

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