Sanctions Notice - Belarus

Please be advised that the following persons/entities:

• Aleksey Valerievich Lazarenko (Group ID: 16547) 
• Andrei Sergeevich Palchyk (Group ID: 16548) 
• Filip Vladimirovich Sturchanka (Group ID: 16550) 
• Denis Anatolievich Tolstenkov (Group ID: 16549) 
• JSC NIIEVM (Group ID: 16551) 
• OJSC STANKOGOMEL (Group ID: 16552) 
• RUCHSERVOMOTOR LLC (Group ID: 16553) 

have  been  designated  under  The  Republic  of  Belarus  (Sanctions)  (EU  Exit) Regulations 2019 (the UK regulations) and are now subject to an asset freeze. 

The persons/entities referred to above appear on the UK’s consolidated list, which can be found here.  

The UK regulations are given effect within the Bailiwick under the Sanctions (Implementation of UK Regimes) (Bailiwick of Guernsey) (Brexit) Regulations, 2020 that have been made under the Sanctions (Bailiwick of Guernsey) Law, 2018 (the Sanctions Law).  

MEASURES WHICH SHOULD BE TAKEN

All businesses must check whether they maintain any accounts or otherwise have any kind of relationship with the persons/entities referred to above or to any other natural or legal person, entity or body designated under the legislation referred to above and must treat any funds, other assets or economic resources

• directly or indirectly belonging to, owned, held or controlled by them, whether wholly or jointly, or  
• that comprise interest, dividends or other forms of property derived from any funds or economic resources that belong to them or are owned, held or controlled by them, whether directly or indirectly and wholly or jointly, or  

• belonging to individuals or entities acting on their behalf or at their direction, whether wholly or jointly 

as frozen with immediate effect if this is not already the case. Businesses must report any findings to the Policy & Resources Committee immediately. They must also ensure that they have taken all other steps that may be required in order to comply with the reporting obligations at section 14 of the Sanctions Law. 

Businesses must also refrain from making any funds or economic resources available directly or indirectly, wholly or jointly, to or for the benefit of 

• any designated person, entity or body, or   
• any entity directly or indirectly owned or controlled by a designated person, entity or body, whether wholly or jointly, or
• any  individuals  or  entities  acting  on  behalf  or  at  the  direction  of  a designated person, entity or body, whether wholly or jointly 

other than in respect of transactions that come within a permitted derogation as determined by the Policy & Resources Committee, or in accordance with a licence issued by the Policy & Resources Committee, as the case may be.  

The  information  referred  to  above  is  required  by  the  Policy  &  Resources Committee in the exercise of its powers under section 15 of the Sanctions Law. 

Any information or queries should be sent to [email protected] with the subject line “Belarus Sanctions”. 

In accordance with Handbook Rule 12.37, where you have identified an affected relationship as set out above, the firm must provide a report to the Commission which sets out, as a minimum: a) the name of the customer, beneficial owner, key principal or the transaction and/or asset linked to a sanctioned/designated person; and b) the nature of the business relationship or occasional transaction, including the transaction and/or asset value.

This report should be provided to the Commission via email to [email protected] as soon as reasonably practicable after the firm has met the statutory reporting requirements to the States of Guernsey Policy and Resources Committee.

Further   information   on   the   effect   of   asset   freezes   and   related   issues including licences   is   available   on   the   States   of   Guernsey   website   at http://www.gov.gg/sanctions.