Oleg Alexandrovich MASHTALYAR has been involved in obtaining a benefit from or supporting the Government of Russia by working as a director (whether executive or non-executive), trustee, or other manager or equivalent of Sovcombank, an entity which is carrying on business in sectors of strategic significance to the Government of Russia, namely the Russian financial services sector.
Oleg Alexandrovich MASHTALYAR is a Vice Chairman of the Management Board of SOVCOMBANK. In his role, MASHTALYAR is a member of and associated with SOVCOMBANK. SOVCOMBANK is an involved person under the Russian (EU Exit) (Sanctions) regulations 2019.
Designated for the purposes of an asset freeze and a travel ban under the Russia (Sanctions) (EU Exit) Regulations 2019. The designation is made as a designation by name under the urgent procedure. The relevant provision by reference to which the Minister considers that condition B is met is Executive Order 14024. The purposes of this provision correspond or are similar to the purposes of the UK’s Russia (Sanctions) (EU Exit) Regulations 2019, which have as their purposes to encourage Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. The Minister considers that it is in the public interest to designate (condition C). The Minister certified on 22 June 2022 that conditions B and C continued to be met.
Designated for the purposes of an asset freeze and a travel ban under the Russia (Sanctions) (EU Exit) Regulations 2019. The designation is made as a designation by name under the urgent procedure. The relevant provision by reference to which the Minister considers that condition B is met is Executive Order 14024. The purposes of this provision correspond or are similar to the purposes of the UK’s Russia (Sanctions) (EU Exit) Regulations 2019, which have as their purposes to encourage Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. The Minister considers that it is in the public interest to designate (condition C).
Additional Financial sanction (1)
Type
Date of restriction determination
#1 Type: Trust services
21.03.2023
Historical data
Names (2)
Status
Historical (last time active at 23.08.2022 17:15)
Last name/Name
Mashtalyar
First name/Name
Oleg
Second name/Name
Alexandrovich
Full name/Name
Oleg Alexandrovich Mashtalyar
Type
Primary name
Status
Historical (last time active at 06.02.2024 18:15)
Last name/Name
Mashtalyar
First name/Name
Oleg
Second name/Name
Alexandrovich
Full name/Name
Oleg Alexandrovich Mashtalyar
Type
Primary name
Description
Vice Chairman of the Management Board of SOVCOMBANK
Identification documents (1)
Status
Historical (last time active at 06.02.2024 18:15)
Type
Individual Passport Number: 717545622
Updated: 08.05.2025. 16:16
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