Jersey has brought into force restrictive measures against Russian individuals and businesses that have been identified by the European Union as responsible for actions that undermine or threaten the territorial integrity, sovereignty and independence of Ukraine. A wider EU package of sanctions against Russia has also been enforced in Jersey, including services relating to certain securities and money-market instruments.

These Community Provisions Orders (see notes for details) ensure that Jersey’s sanction regime remains aligned with international developments.

Commenting on the measures, the Chief Minister, Senator Ian Gorst, said:

• “Jersey has a duty to act in line with the international community in imposing this sanctions regime against Russia.
• My officials will be working with colleagues in the EU to assess any economic impact that these measures may have.
• The sanctions, which will only apply to new business, are targeted and it is not the intention that they should affect future legitimate, non-sanctioned business with Russia.”

All Jersey financial institutions are requested to check whether they hold any accounts, funds or economic resources for the persons listed and, if they do, to freeze such accounts, funds or economic resources and report the facts to the Chief Minister’s Department.

The relevant officials at the Chief Minister’s Department may be contacted at international@gov.je

1 August 2014 = http://bit.ly/1sc7jDe