A Notice from HM Treasury on 16 June says that the Regulations impose financial, trade, transport and immigration sanctions to encourage Russia to cease actions which destabilise Ukraine, including actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine. The territorial extent of the Regulations is the whole of the UK, and it also applies to conduct by UK persons – both nationals and corporate bodies – outside the UK. The Regulations enter into force on ‘exit day’ (i.e. 31 January 2020) and replace the EU sanctions regime relating to Russia’s actions in the Ukraine.
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