Guernsey’s finance industry direct exposure to Russia of probably less than £500 million

On 12 March, Guernsey Press reported that the Guernsey Financial Services Commission has revealed that between £9 and £12 billion from the local investment funds sector is understood to be invested in assets in Russia; and that total flows from Russia to Guernsey in the last quarter for which it has the data – Q3 of 2021 – totalled some £75 million., which comprised just 0.12% of the total flows into Guernsey during those 3 months.

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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