UK Strengthens Its Case Against Singapore's ALT Capital and the Two People Behind It
On 10 November 2026 the UK Foreign, Commonwealth and Development Office varied three entries under the Russia (Sanctions) (EU Exit) Regulations 2019, all designated together on 15 October 2025: ALT Capital Pte Ltd, a Singapore company, its manager Vladislav Gromov and its owner Narmina Dadashova. The statements of reasons now open with the reasonable-grounds formula and say ALT Capital made available funds, economic resources, goods or technology, where they previously said goods or technology. Ms Dadashova gains a second ground for managing Mechel Carbon Pte Ltd in the Russian extractives sector. Her entry adds Singapore passport K4296297D, national ID S8276308B and a birthplace of Baku; Mr Gromov's adds New Zealand passport LT244011 and a birthplace of Belgorod-Dnestrovskiy, Ukraine. All three remain under asset freeze. ALT Capital and Ms Dadashova are also on the OFAC SDN List under Iran-related E.O. 13846.
This issue
- New designations
- 0
- Removals
- 0
- Entries amended
- 3
- Sources monitored
- 102
New Grounds and New Identifiers for a Russia-Linked Singapore Fund
ALT Capital, its manager Vladislav Gromov and its owner Narmina Dadashova were designated together on 15 October 2025 under the Russia (Sanctions) (EU Exit) Regulations 2019. On 10 November the Foreign, Commonwealth and Development Office varied all three entries. Each statement of reasons now opens with the formula that the Secretary of State has reasonable grounds to suspect involvement, and the company's conduct is widened from making available goods or technology to making available funds, economic resources, goods or technology that could help destabilise Ukraine. Ms Dadashova gains a second ground: that she has been involved in obtaining a benefit from or supporting the Government of Russia as a manager of Mechel Carbon Pte Ltd, which works in the Russian extractives sector.
The entries also gain identifiers that screening engines can match on. Ms Dadashova's record adds Singapore passport K4296297D, Singapore national ID S8276308B and a birthplace of Baku, Azerbaijan. Mr Gromov's adds New Zealand passport LT244011 and a birthplace of Belgorod-Dnestrovskiy, Ukraine. Names, dates of birth, the Singapore address and the sanctions imposed are unchanged; the two individuals keep their travel bans.
Party detail
Every row below was read against the issuing authority's own notice, not against a press report. Aliases are reproduced in full, including non Latin script forms, because the alias field is where a screening run usually fails. Identifiers are published sanctions data.
| Party | Action and instrument | Identifiers | Grounds |
|---|---|---|---|
| ALT CAPITAL PTE LTD | AmendmentThe Russia (Sanctions) (EU Exit) Regulations 2019 | Identifier: Business registration number 2602250073105Identifier: email info@altcapitalfund.comAddress: 75 High Street, 179435, Singapore | Designation varied by the UK Foreign, Commonwealth and Development Office on 10 November 2026. The statement of reasons now opens with the reasonable-grounds formula and says the company made available funds, economic resources, goods or technology, where it previously said goods or technology only. No other field changes; the entity remains designated. Designated on 15 October 2025 under the Russia regime. Also on the OFAC SDN List as ALT CAPITAL PTE. LTD. under Iran-related E.O. 13846, where it carries Singapore registration number 201624862C. |
| Vladislav GROMOV | AmendmentThe Russia (Sanctions) (EU Exit) Regulations 2019 | Date of birth: 23 Mar 1970Place of birth: Belgorod-Dnestrovskiy, UkraineNationality: New ZealandPassport: LT244011 (New Zealand) | Designation varied by the UK Foreign, Commonwealth and Development Office on 10 November 2026. A New Zealand passport (LT244011) and his place of birth (Belgorod-Dnestrovskiy, Ukraine) are added, and the statement of reasons now opens with the reasonable-grounds formula and says ALT Capital made available funds, economic resources, goods or technology. He remains designated as the manager of ALT CAPITAL PTE LTD. Designated on 15 October 2025. Not found on the OFAC SDN List in today's files. |
| Narmina DADASHOVA | AmendmentThe Russia (Sanctions) (EU Exit) Regulations 2019 | Date of birth: 20 Oct 1982Place of birth: Baku, AzerbaijanNationality: SingaporePassport: K4296297D (Singapore)National ID: S8276308B (Singapore)Address: 75 High Street, 179435, Singapore | Designation varied by the UK Foreign, Commonwealth and Development Office on 10 November 2026. A second ground is added: she has been involved in obtaining a benefit from or supporting the Government of Russia as a manager of Mechel Carbon Pte Ltd, which carries on business in the Russian extractives sector. A Singapore passport (K4296297D), a Singapore national ID (S8276308B) and her place of birth (Baku, Azerbaijan) are added. She remains designated as owner of ALT CAPITAL PTE LTD. Designated on 15 October 2025. Also on the OFAC SDN List under Iran-related E.O. 13846, where her entry carries Azerbaijani passport P3293954 and the same Singapore national ID. |
What this means for your organisation
- 01
Load the new identifiers today: Add passport K4296297D (Singapore), national ID S8276308B and birthplace Baku to Narmina Dadashova, and passport LT244011 (New Zealand) and birthplace Belgorod-Dnestrovskiy to Vladislav Gromov.
- 02
Re-screen customers and payments: Run the three entries against onboarding, beneficial owner and payment data, matching on the new passport and ID numbers as well as names.
- 03
Keep the OFAC identifiers too: ALT Capital and Ms Dadashova are also SDN-listed under E.O. 13846; hold both registration numbers (2602250073105 and 201624862C) and both passports (K4296297D and P3293954).
- 04
Look through to related companies: Screen for Metaflare Pte Ltd and Mechel Carbon (Singapore) Pte Ltd, which the UK names as owned by Ms Dadashova, and assess ownership and control.
- 05
Refresh the case file: Replace the stored statements of reasons with the new texts, including the Russian extractives sector ground, and note the wider funds and economic resources basis in any licence or exposure review.
Where this issue came from
The map plots the sources Youverify monitors. The pulsing markers are the two authorities cited in this issue: FCDO and US-OFAC. Hover any marker to name the sources read there.
Method statement
The three variations are read from the UK Sanctions List of 11 November (generated 10 November) against the copy of 10 November, field by field, and confirmed against the markup in the FCDO Sanctions Notice, Russia, 10 November 2026, where added text is highlighted and deleted text is struck through. The FCDO email notice of 10 November names the same three entries. Names were checked against the OFAC, EU and UN lists.
Corrections
No corrections issued for this issue. Corrections are published on the issue they affect, dated, with the original text retained.Cite this issue
Vyra from Youverify. "UK Strengthens Its Case Against Singapore's ALT Capital and the Two People Behind It." Youverify Sanctions Monitor, issue 163, 11 November 2026. https://youverify.co/en/sanctions/2026-11-11. Accessed 11 November 2026.