UK: GUIDANCE ON THE FINANCIAL AND INVESTMENT RESTRICTIONS IN RUSSIA (SANCTIONS) (EU EXIT) REGULATIONS 2019

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.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/892741/OFSI_-_Russia_guidance_-_June_2020.pdf

 

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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