Russia Sanctions: Persons Subject to Financial Restrictions

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Published March 1st, 2022

Detected March 6th, 2026

Summary

The UK's Foreign, Commonwealth & Development Office and Office of Financial Sanctions Implementation have updated guidance on persons subject to financial and investment restrictions under the Russia sanctions regime. The guidance lists entities like GAZPROM NEFT, PJSC SBERBANK, and VTB BANK, detailing restrictions on transferable securities and loans.

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What changed

This guidance document from the UK's Foreign, Commonwealth & Development Office and Office of Financial Sanctions Implementation details specific entities subject to financial and investment restrictions under the Russia sanctions regime. The restrictions, outlined in the Russia (Sanctions) (EU Exit) Regulations 2019, include limitations on dealing with transferable securities, money-market instruments, and granting loans or credit. The document provides a list of organizations, such as GAZPROM NEFT, PJSC SBERBANK, and VTB BANK, along with their UK Sanctions List Unique IDs, and notes that restrictions extend to entities owned by these listed organizations.

Regulated entities, particularly those in the financial sector, must review this guidance to ensure compliance with the specified restrictions. Failure to comply with financial sanctions can result in significant penalties. While no specific compliance deadline is mentioned for this update, entities must ensure their operations and transactions adhere to the listed restrictions immediately. Further details on specific restrictions can be found in the referenced Financial sanctions guidance for Russia.

What to do next

Review the updated list of persons subject to financial and investment restrictions under the Russia sanctions regime.
Ensure all financial and investment activities comply with the restrictions on transferable securities, money-market instruments, and loans/credit.
Consult the referenced Financial sanctions guidance for Russia for detailed information on specific restrictions.

Source document (simplified)

Guidance

Russia: list of persons named in relation to financial and investment restrictions

Persons subject to financial and investment restrictions under the Russia sanctions regime which restrict specified activities.

From: Foreign, Commonwealth & Development Office and Office of Financial Sanctions Implementation Published 1 March 2022 Last updated 24 February 2026
— See all updates Get emails about this page Print this page Sectoral financial and investment restrictions are in place in the Russia sanctions regime which 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.

These persons and certain other parties are subject to financial and investment restrictions, as set out in Chapter 2 of Part 3 and Schedule 2 of the Russia (Sanctions) (EU Exit) Regulations 2019.

The restrictions extend to entities incorporated or constituted in a country other than the UK which is owned, directly or indirectly, by one of these entities.

| Organisation | Subject to other sanctions (see entry on the UK Sanctions List) | Historic Group ID 1 | UK Sanctions List Unique ID 2 |
| --- | --- | --- | --- |
| GAZPROM NEFT | Yes - see entry | 13119 | RUS2383 |
| GAZPROMBANK | Yes - see entry | 13081 | RUS1072 |
| OPK OBORONPROM | - | 13120 | - |
| PJSC SBERBANK (PUBLIC JOINT-STOCK COMPANY SBERBANK) | Yes - see entry | 13079 | RUS0256 |
| ROSNEFT | - | 13117 | - |
| ROSSELKHOZBANK | Yes - see entry | 13083 | RUS1073 |
| TRANSNEFT | Yes - see entry | 13118 | RUS3423 |
| UNITED AIRCRAFT CORPORATION | Yes - see entry | 13121 | RUS0239 |
| URALVAGONZAVOD | Yes - see entry | 13122 | RUS0241 |
| VNESHECONOMBANK (VEB) | Yes - see entry | 13082 | RUS0253 |
| VTB BANK | Yes - see entry | 13080 | RUS0250 |
Go to section 5 of the Office of Financial Sanctions Implementation’s Financial sanctions guidance for Russia for more details about the restrictions.

1 ‘Historic group ID’ refers to a group ID number that applied to the ‘Russia: list of persons named in relation to financial and investment restrictions’.

2 Refers to entries that are also included on the UK Sanctions List.