Last Updated: January 19, 2026
ALTRUM GROUP FZCO
Aliases
NOVUS ENERGY DMCC; NOVUS MIDDLE EAST DMCC
Address
Unit No: R30-D2, Reef Tower, Plot No: JLT-PH2-O1A, Jumeirah Lakes Towers, Dubai, United Arab Emirates
Official reason
The Secretary of State has reasonable grounds to suspect that ALTRUM GROUP FZCO is an involved person under the Russia (EU Exit) (Sanctions) Regulations 2019 on the basis of the following ground: ALTRUM GROUP FZCO is or has been involved in obtaining a benefit from or supporting the Government of Russia by carrying on business in a sector of strate...
Other Information
Transport sanctions: Where transport sanctions apply, a ship owned, controlled, chartered or operated by a designated person is prohibited from entering a port in the UK, may be given a movement or a port entry direction, can be detained, and will be refused permission to register on the UK Ship Register or have its existing registration terminated...
Date of listing
2025-12-18
Program information
Authority
UK
Program
The Russia (Sanctions) (EU Exit) Regulations 2019
Regime
UK country specific
Target State
Russia
Measures
Asset freeze and making available provisions, Trade sanctions, Travel bans, Transport sanctions
Sanctions Portfolio
• The Regulations impose financial sanctions through a targeted asset freeze on designated persons and prohibitions on making funds or economic resources available. This involves the freezing of funds and economic resources (non-monetary assets, such as property or vehicles) of designated persons and ensuring that funds and economic resources are n...
Official Information
The Russia (Sanctions) (EU Exit) Regulations 2019 came fully into force on 31 December 2020. They are intended to ensure that certain sanctions relating to Russia continue to operate effectively. You should also review the following regulations to find out any changes made to the Regulations: the Sanctions (EU Exit) (Miscellaneous Amendments) (No...
Additional Details
Licensing and exception provisions are contained in Part 7 of the Regulations.
Program URL