UK designates Russia-linked crypto and financial-sector parties
UK sanctions teams must screen newly designated Russia-linked crypto and financial-sector names
OFSI
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On 26 May 2026, the UK designated entities and individuals under the Russia sanctions regime for supporting Russia's financial sector, making funds or resources available to it, or carrying on business of economic significance to Russia.
Why it matters
The designations add crypto exchanges, financial-sector entities and named individuals to UK Russia sanctions exposure. UK persons and firms with UK nexus must update screening, asset-freeze and prohibited-dealing controls against the newly listed names.
Implications
- — UK sanctions compliance teams must add the newly designated entities and individuals to screening lists — matches create asset-freeze and prohibited-dealing obligations under the Russia sanctions regime.
- — Banks, payment firms and crypto-asset compliance teams with UK nexus must block funds, economic resources and services involving the listed parties — the designations cover entities and individuals supporting or supplying Russia's financial sector.
- — Counterparty-risk and trade compliance teams must reassess Russia-linked financial-sector relationships involving the listed entities — designated parties cannot be treated as ordinary commercial counterparties.
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