Paragraph 2

In regulation 46Z8 (financial services and funds relating to oil and oil products), for paragraph (1) substitute—

“(1)

A person must not, on or after the relevant day, directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is—

(a)

the import of oil and oil products which—

(i)

originate in Russia, or

(ii)

are consigned from Russia;

(b)

the direct or indirect acquisition of oil and oil products which—

(i)

originate in Russia, or

(ii)

are located in Russia,

with the intention of those goods entering the United Kingdom;

(c)

the direct or indirect supply or delivery of oil and oil products from a place in Russia into the United Kingdom.”