UK lists 5 Russian banks, Gennadiy Timchenko, Boris & Igor Rotenberg

UK Prime Minister Boris Johnson has announced the designation of 5 Russian banks and 3 oligarchs following the Russian government’s recognition of the so-called Donetsk People’s Republic (DNR) and Luhansk People’s Republic (LNR) regions of Ukraine, and the entry of Russian forces into Ukraine under the guise of “peacekeeping”. The sanctions have been imposed pursuant to the recently amended Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (see previous post). Notice. See also following House of Commons Debate & Foreign Secretary Statement.

Designated banks: IS Bank; Rossiya Bank; PJSC Promsvyazbank; JSC Genbank; and JSC Black Sea Bank Development and Reconstruction.

Designated people: Gennadiy Timchenko; Boris Rotenberg; and Igor Rotenberg.

The 3 people, as well as all of the banks except Promsvyazbank, are listed in the US.