Guernsey has stopped exchanging tax information with Russia.
It follows a similar move made by the UK government.
Guernsey and Russia are both parts of bilateral agreements on tax matters.
It allows their tax authorities to give help to the tax authorities in other countries.
Deputy Mark Helyar, the Policy & Resource's Committee's Treasury Lead, says the bailiwick's sanctions will remain aligned with the UK's:
"The exchange of information for tax purposes is a tool used to combat tax evasion and profit shifting and to risk assess for potential tax avoidance. Suspending the ability for Russia to receive such information from Guernsey ensures that the Russian government cannot use that information to increase its tax revenues. Guernsey’s decision is an appropriate part of the international response to the invasion of Ukraine.
"Guernsey will, of course, continue to meet all of its other commitments to international standards and agreements on tax transparency and the exchange of information with all other partner jurisdictions."
The UK government has also suspended the exchange of tax information with Belarus.
More than 250,000 visitors to Guernsey in 2025
First Michelin star awarded in Guernsey in more than a decade
Guernsey Fire & Rescue Service needs "investment and modernisation"
Engine room fire onboard DFDS freight ship
Gannets return to Alderney
Burglaries at Guernsey pharmacy and garage
Kids fly free between Guernsey and Jersey this half-term
Guernsey Water to take over cesspit collections from States Works
