Today, Thursday 15 October, the UK Government has varied an individual under the Russia sanctions regime.

Individuals Varied:

Name:	Unique ID:
Nadia CHERKASOVA	RUS1636

The Russia Sanctions Notice:

Sanctions Notice: 15 October 2026

Regime: Russia

Amendments:

The following individual has been varied and is still subject to the sanctions listed:

OFSI Sanctions Type: Asset freeze, Travel Ban, Trust Services Sanctions, Director Disqualification Sanction

---

Nadia Narimanovna Cherkasova

• Other information: The Director Disqualification Sanction was imposed on 09/04/2025. The trust services sanctions were imposed on 21/03/2023.
• UK statement of reasons: The Secretary of State considers that there are reasonable grounds to suspect Nadia Narimanovna Cherkasova is an “involved person” under the Russia (Sanctions) (EU Exit) Regulations 2019 because she has been involved in obtaining a benefit from or supporting the Government of Russia by (1) working as a director, manager or equivalent of an entity which has been carrying on business in a sector of strategic significance to the Government of Russia, namely Bank Otkritie Financial Corporation PJSC, which was carrying on business in the Russian financial services sector; (2) working as a director, manager or equivalent of a Government of Russia-affiliated entity, namely Bank Otkritie Financial Corporation PJSC.
• Dobs: 11/12/1971
• Positions: “Member of OTKRITIE Management Board “
• Genders: Female
• Town of birth: Vladimir
• Country of birth: Russia
• Name (non-Latin script): Надия Наримановна ЧЕРКАСОВА (script type: Cyrillic; script language: Russian)
• Designation source: UK
• Date designated: 26/09/2022
• Last updated: 15/10/2026
• OFSI group ID: 15580
• Party Type: Individual
• Unique ID: RUS1636 | OFSI Regime: The Russia (Sanctions) (EU Exit) Regulations 2019

List of Changes:

• Field Name: Other information
  • Added: The trust services sanctions were imposed on 21/03/2023. (a sentence textually identical to this one is marked deleted from the end of the UK statement of reasons, so the text has moved from that field to this one rather than being new content)
• Field Name: UK statement of reasons
  • Added: The Secretary of State considers that there are reasonable grounds to suspect (opening words of the field; marked added with no corresponding deletion, so the markup alone does not establish what, if anything, it replaced)
  • Changed: Regulation to: Regulations
  • Changed: been, and is, to: been
  • Changed: is to: has been
  • Changed: carries to: was carrying
  • Deleted: The trust services sanctions were imposed on 21/03/2023. (final sentence of the field; a textually identical sentence is marked added to Other information)
• Field Name: Last updated
  • Changed: 09/04/2025 to: 15/10/2026