The Russia (Sanctions) (EU Exit) Regulations 2019

[F1[F2Trade: exception relating to ancillary services relating to acquisition when iron and steel products are in third countriesU.K.

This section has no associated Explanatory Memorandum

60GAB.—(1) The prohibitions specified in paragraph (2) do not apply in relation to anything done in relation to iron and steel products originating in Russia where those products were exported from Russia before the relevant day.

(2) The prohibitions specified in this paragraph are those relating to—

(a)regulation 46G(1)(b)(i) (technical assistance relating to iron and steel products);

(b)regulation 46H(1)(b)(i) (financial services and funds relating to iron and steel products);

(c)regulation 46I (brokering services relating to iron and steel products) in relation to any arrangements described in regulation 46H(1)(b)(i).

(3) For the purposes of paragraph (1)—

(a)“iron and steel products” has the meaning given in regulation 46C;

(b)“relevant day” means, in relation to the application of that paragraph to a prohibition specified in paragraph (2), the date on which that prohibition came into force.]]

Textual Amendments