Thursday 03 March 2022
The UK's recent sanctions made against Russia in response to the war in Ukraine have automatic effect in the Bailiwick.
On 1st and 2nd March 2022, the Policy & Resources Committee made a new sanctions Regulations to ensure these sanctions are adapted for the Bailiwick's domestic context. These all relate to previously announced sanctions, which are already in force.
The latest UK updates to the sanction's regime widen the scope of the financial sanctions in place already, including further restricting the ability for the trade of Russian securities and other money market instruments. The UK has also introduced prohibitions on the trade of military goods, certain dual use goods and critical industrial goods, as well of the provision of technical assistance, financial services, funding and brokering services in relation to these goods.
In addition, the UK has banned access to its ports for vessels registered in Russia, flying the Russian flag as well as vessels owned, controlled chartered or operated any person connected with Russia or a designated person. This ban also applies for the ports within the Bailiwick.
Separately, the Acting Director of Civil Aviation has made regulations meaning no aircraft which is owned, chartered or operated by a person connected with Russia, or which is registered in Russia, is permitted to fly in airspace above the Bailiwick of Guernsey or its territorial waters.
These Regulations are made in a coordinated way with the UK to ensure the latest sanctions announced are adapted to meet the domestic context. All these regulations were effective in the entire Bailiwick as soon as they were made.
The Regulations are available at: 2022 (guernseylegalresources.gg)