On 13 June 2024, the Office of Financial Sanctions Implementation (OFSI) expanded its Consolidated List, which provides details of individuals and legal entities designated under the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855).

There are 42 new entries added to the Consolidated List which are now subject to an asset freeze and trust services sanctions. Notably, Moscow Exchange, SPB Exchange and National Settlement Depository are amongst some of the new Russian entries. Earlier this week, the US also sanctioned Moscow Exchange and the National Settlement Depository with significant impact on the FX markets. 

Also added to the list are five Chinese, two Turkish, one Kyrgyz, one UAE, one Israeli and one Singaporean entity and seven individuals. See here for the additions made on 13 June to the Consolidated List and here for the full Consolidated List.

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Johanna Asplund is an associate at the Firm’s London office in the International, Commercial and Trade Practice Group. Johanna advises clients on sanctions, export controls, trade compliance, customs and anti-bribery matters. She has advised extensively on sanctions and export control licensing and enforcement, including investigations and enforcement matters before government authorities, in particular in the healthcare and life sciences sector. Johanna regularly advises on compliance risk assessments, compliance policies and procedures, and internal investigations.

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