Guidance: Financial sanctions, Russia

Hm Treasury

June 25
13:30 2024

The Russia (Sanctions) (EU Exit) Regulations 2019 ensure sanctions relating to Russia are implemented effectively after the UK leaves the EU.


This sanctions regime is aimed at encouraging Russia to cease actions which destabilise Ukraine, including actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine.

It imposes asset freezes on those identified as being involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. This includes persons responsible for engaging in, providing support for, or promoting any policy or action that destabilises Ukraine or undermines or threatens the territorial integrity, sovereignty and independence of Ukraine.

There are also sectoral financial sanctions which prohibit and restrict specified activities. These include restrictions on dealing with transferable securities or money-market instruments and granting or entering into arrangements to grant loans or credit. For more information, please see our guidance on Russia sanctions

General Licences

Under the Sanctions and Anti-Money Laundering Act (2018), HMT may grant general licences under any autonomous UK sanctions regime. More information is available in OFSIs UK financial sanctions general guidance.

OFSI has issued general licences under the Russia (Sanctions) (EU Exit) Regulations 2019. A list of general licences published by OFSI can be found on the general licences page.

UK regulations

EU regulations (applicable prior to 23.00 on 31st December 2020)

Find out more about UK sanctions on Russia

Published 18 March 2014
Last updated 25 June 2024 +show all updates
  1. HM Treasury Notice, Russia, 25/06/2024 added

  2. HM Treasury Notice, Russia, 14/06/2024 added.

  3. HM Treasury Notice, Russia, 13/06/2024 added.

  4. HM Treasury Notice, Russia, 31/05/2024 added.

  5. HM Treasury Notice, Russia, 30/05/2024 added.

  6. HM Treasury Notice, Russia, 17/05/2024 added.

  7. HM Treasury Notice, Russia, 08/05/2024 added.

  8. HM Treasury Notice, Russia, 03/05/2024 added.

  9. HM Treasury Notice, Russia, 27/03/2024 added.

  10. HM Treasury Notice, Russia, 05/03/2024 added.

  11. HM Treasury Notice, Russia, 01/03/2024 added.

  12. HM Treasury Notice, Russia, 23/02/2024 added.

  13. HM Treasury Notice, Russia, 22/02/2024 added.

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