Island mirroring UK changes
The Isle of Man must mirror sanctions on Russia as part of its position as a 'responsible jurisdiction'.
That's the message from the treasury minister.
The Island has updated its guidance to fall in line with moves announced by the UK Government.
Sanctions include freezing UK held assets in five Russian banks and those of three wealthy individuals.
David Ashford says he expects further restrictions to be forthcoming in the days ahead:
Council of Musical Chairs: What do we know?
Almost three dozen ministerial changes have taken place in the Cannan administration
Tim Crookall MHK back in CoMin
He's the new DOI Minister
Michelle Haywood MHK steps down as DOI minister
Alfred Cannan has thanked her for her contribution over the last 15 months
Chris Thomas appointed Treasury Minister
Alex Allinson stepped down following a cabinet reshuffle this morning
Alex Allinson steps down
Alfred Cannan has thanked Dr Allinson for his input