Designated for the purposes of an asset freeze 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 Canada’s Special Economic Measures (Russia) Regulations. 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 5 May 2022 that conditions B and C continued to be met.
Designated for the purposes of an asset freeze 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 Canada’s Special Economic Measures (Russia) Regulations. 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).
SOVCOMFLOT is or has been involved in obtaining a benefit from or supporting the Government of Russia by carrying on business in a sector of strategic significance to the Government of Russia – namely, the energy sector.
Additional Financial sanction (1)
Type
Date of restriction determination
#1 Type: Trust services
21.03.2023
Historical data
Names (1)
Status
Historical (last time active at 12.07.2022 18:15)
Last name/Name
Sovcomflot
Full name/Name
Sovcomflot
Type
Primary name
Addresses (3)
Status
Historical (last time active at 25.03.2022 18:15)
Status
Historical (last time active at 27.05.2022 18:16)
Country
Russian Federation
Postal code
1
Status
Historical (last time active at 12.07.2022 18:15)
Country
Russian Federation
Postal code
1
Updated: 07.05.2025. 00:16
The Sanction catalog includes Latvian, United Nations, European Union, United Kingdom and Office of Foreign Assets Control and Canada subjects included in sanction list.
