The Swiss UPHOLD Dmitry Konov sanction DESIGNATION and remain aligned with UK/EU (but not US)
10/10/2025
In 2016, Dmitry Konov, the former chairman of Sibur, one of Russia’s largest petrochemical companies, was designated by the Swiss government in a sanctions-related action.
A Swiss court later upheld this designation, stating that the government had sufficiently established that Konov remained an influential businessman in Russia, despite his resignation from Sibur following the sanctions.
This ruling reflects the broader European and international stance on individuals perceived to maintain significant influence within sanctioned regimes, even after stepping down from formal roles. Konov's case is emblematic of how sanctions can extend beyond official titles to perceived ongoing influence.
Dmitry Konov is sanctioned in multiple jurisdictions, albeit not the US
European Union
- Konov was designated under the EU’s Russia sanctions regime in response to the invasion of Ukraine.
- The EU General Court annulled his 2022 and 2023 listings, but his 2024 listing remains valid.
- Measures include:
- Asset freeze
- Prohibition on making funds available
- Travel restrictions.
United Kingdom
- Listed under the Russia (Sanctions) (EU Exit) Regulations 2019.
- Subject to:
- Asset freeze
- Trust services restrictions
- Prohibition on dealing with funds or economic resources.
United States
- There is no public record confirming that Dmitry Konov is currently sanctioned by the U.S. Treasury (OFAC). He does not appear on the SDN (Specially Designated Nationals) list as of the latest available data.
Operating in the UK or EU (including Jersey).
- You must not engage in any business or financial dealings with Dmitry Konov unless you obtain a specific license from the relevant sanctions authority (OFSI in the UK or the competent authority in the EU).
References
- globalsanctions.com https://globalsanctions.com/2024/12/eu-court-rejects-konovs-challenge-to-current-russia-listing-but-annuls-previous-reasons-for-listing/
- sanctions-finder.com https://sanctions-finder.com/sanction/0aec4302-5a1d-457d-bc9b-6f9f524b3599/Dmitry Vladimirovich KONOV
- assets.publishing.service.gov.uk https://assets.publishing.service.gov.uk/media/64774ab25f7bb7000c7fa252/Notice_Russia_310523.pdf
- globalinvestigationsreview.com https://globalinvestigationsreview.com/just-sanctions/article/swiss-court-upholds-designation-of-russian-ex-petrochemicals-chair
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.