Freezes assets of Russian entities from military sector and transport industry

On 21 April 2022, the Foreign, Commonwealth and Development Office of the United Kingdom updated the UK Sanctions List to include Russian additional individuals and entities. Beyond several companies in the defence sector, the list of sanctioned entities that are now subject to an asset freeze includes GTLK, Russia’s largest leasing company, which operates in the transport industry.

• Type:

  • Entry and establishment (Other)
  • Treatment and operation (Investment related trade measures)

• Industry:

  • Manufacturing (Other manufacturing)
  • Services (Transportation and storage, Public administration and defence; compulsory social security)

• Sources:

  • www.gov.uk, New sanctions targeting Putin’s war leaders, https://www.gov.uk/government/news/new-sanctions-targeting-putins-war-leaders, 21 Apr 2022
  • Lexology, UK announces new sanctions targeting Russian war leaders, https://www.lexology.com/library/detail.aspx?g=d32ab034-ffbe-4a20-93d6-5150029e48e4, 21 Apr 2022