Regulation 8 Amendment of regulation 44 (financial services and funds relating to energy-related goods and energy-related technology)

in the heading omit “and energy related technology”;

for paragraph (3) substitute—

“(3)

A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is—

(a)

the export of energy related goods to, or for use in, Russia;

(b)

the direct or indirect supply or delivery of energy related goods to a place in Russia;

(c)

directly or indirectly making energy related goods available—

(i)

to a person connected with Russia; or

(ii)

for use in Russia;

(d)

the direct or indirect provision of technical assistance relating to energy related goods—

(i)

to a person connected with Russia, or

(ii)

for use in Russia.”.