• KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
  • KGS/USD = 0.01143 0%
  • KZT/USD = 0.00202 0%
  • TJS/USD = 0.10599 -0.19%
  • UZS/USD = 0.00008 0%
  • TMT/USD = 0.28575 0%
15 February 2026
19 December 2025

UK Adds Uzbekistan-Based Companies and Tashkent Businessman to Russia Sanctions List

Image: TCA, Stephen M. Bland

Britain has expanded its Russia sanctions regime to include four companies based in Uzbekistan and one Tashkent-born businessman, according to official documents published on 18 December 2025. The measures form part of a wider update that added 24 new individuals and entities to the UK’s consolidated sanctions list under the Russia (Sanctions) (EU Exit) Regulations 2019.

The update was set out in a Financial Sanctions Notice issued by HM Treasury and an accompanying Foreign Office policy paper, “List of Russia sanctions targets, 18 December 2025.” The documents confirm that all newly designated names are now subject to an asset freeze and associated financial restrictions in the UK.

The four Uzbekistan-linked companies named in the notice are Fargona Kimyo Zavodi LLC, also listed under the English alias Fergana Chemical Plant; Gelion Business Trade MCHJ, registered in Tashkent; Raw Materials Cellulose MCHJ, based in the Jizzakh region; and LLC JV Chemistry International, located in the Navoi region. Each company is subject to an asset freeze, requiring that any funds or economic resources they own or control in the UK be frozen and that UK persons do not make funds or resources available to them without a licence.

The Treasury notice also applies restrictions on trust services. Under UK sanctions law, this restricts UK persons from providing trust services to or for the benefit of designated persons unless an exemption applies or a licence is granted. Compliance guidance is published by the Office of Financial Sanctions Implementation and linked through the British government’s Sanctions List.

The documents do not provide detailed descriptions of the companies’ commercial activities, instead using standard statutory wording. In each case, the Secretary of State notes that there are reasonable grounds to suspect the entity “is or has been involved in destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine,” including by making available goods or technologies that could contribute to those outcomes.

The sanctions update also includes Rustam Muminov, born in Tashkent in 1953. The Treasury notice lists his nationalities as Uzbek, Israeli, and Russian. Muminov is subject to an asset freeze and trust services restrictions, with the reason stated being that the British authorities have reasonable grounds to suspect he has been involved in destabilizing Ukraine by providing financial services or by making available funds, economic resources, goods, or technology.

The Foreign Office policy paper groups the new designations with others added on the same date, which include entities linked to Russia’s energy sector, financial circumvention, and the military-industrial complex. The government says the measures are intended to limit access to financial services and resources that could support Russia’s actions against Ukraine.

Stephen M. Bland

Stephen M. Bland

Stephen M. Bland is a journalist, author, editor, commentator, and researcher specializing in Central Asia and the Caucasus. Prior to joining The Times of Central Asia, he worked for NGOs, think tanks, as the Central Asia expert on a forthcoming documentary series, for the BBC, The Diplomat, EurasiaNet, and numerous other publications.

His award-winning book on Central Asia was published in 2016, and he is currently putting the finishing touches to a book about the Caucasus.

View more articles fromStephen M. Bland

Suggested Articles

Sidebar