Nex Systems
Company

PARAMOUNT ENERGY & COMMODITIES DMCC

Sanctioned entity

United Arab Emirates. Named in 3 sanctions listings.

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Summary

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. Similarly, an aircraft owned, chartered or operated by a designated person is prohibited from overflying or landing in the UK, may be given a movement direction, can be detained or moved to a specified airport, and will be refused permission to register on the CAA Aircraft Register or have its existing registration terminated. This also includes a prohibition of technical assistance relating to aircraft and ships: a prohibition on the provision of technical assistance relating to aircraft or ships will prevent a person from directly or indirectly providing technical assistance to, or for the benefit of, the designated person, where that technical assistance relates to an aircraft or ship. The Director Disqualification Sanction was imposed on 09/04/2025.

Sanctions and listings3

  • Listed
    13 Jun 2025

    Special Economic Measures Act - Russia

    Global Affairs CanadaCanadian Consolidated Autonomous Sanctions ListCanada

    1, Part 2

    Programme CA-SEMAReference 736international.gc.cainternational.gc.ca

  • Listed
    13 Jun 2025

    Special Economic Measures Act - Russia

    Global Affairs CanadaCanadian Consolidated Autonomous Sanctions List on the Russian invasion of UkraineCanada

    Canada is imposing sanctions against entities engaged in the confiscation and redistribution of property and assets of foreign companies in Russia as punishment for their criticism of its unjustified war against Ukraine, and against foreign financial institutions and foreign branches of Russian banks who continue to help Russia move funds out of the country. Canada is also sanctioning entities in the oil and gas industry who are enabling Russia’s shadow fleet activities (shipping, insurance, operators).

    Programme CA-SEMAinternational.gc.cainternational.gc.ca

  • Effective
    8 Nov 2023

    UK sanctions relating to Russia - The Russia (Sanctions) (EU Exit) Regulations 2019

    UK; Foreign, Commonwealth & Development OfficeUK FCDO Sanctions ListUnited Kingdom

    Transport sanctions: see "Other information", trust services sanctions, asset freeze, transport sanctions: see 'other information' and director disqualification sanction

    PARAMOUNT ENERGY & COMMODITIES DMCC is an "involved person" under the Russia (Sanctions) (EU Exit) Regulations 2019 because it is or has been obtaining a benefit or supporting the Government of Russia by carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian energy sector.

    PARAMOUNT ENERGY & COMMODITIES DMCC is an 'involved person' under the Russia (Sanctions) (EU Exit) Regulations 2019 because it is or has been obtaining a benefit or supporting the Government of Russia by carrying on business in a sector of strategic significance to the Government of Russia, namely the Russian energy sector.

    Programme GB-RUSReference 16201Reference RUS1980Last updated 14 Apr 2025gov.ukgov.uk

Connections2

Owned by1

Other links1

Identifiers1

IdentifierNumber
Registration number189408

Other names3

Also known as3

Paramount DMCCParamount Energy and Commodities DMCCParamount Energy and Commodities DMCC (also known as Paramount DMCC)

Addresses1

  • Unit 4202, JBC1 Cluster G, Jumeirah Lakes Towers, Dubai, United Arab Emirates

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