{
  "url": "https://openlegislation.uk/russia-sanctions-eu-exit-amendment-no-2-regulations-2022/regulation-6",
  "json_url": "https://openlegislation.uk/russia-sanctions-eu-exit-amendment-no-2-regulations-2022/regulation-6.json",
  "legislation": "uksi/2022/194",
  "legislation_title": "The Russia (Sanctions) (EU Exit) (Amendment) (No. 2) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/russia-sanctions-eu-exit-amendment-no-2-regulations-2022",
  "path": "regulation/6",
  "kind": "regulation",
  "number": "6",
  "heading": "Loans and credit arrangements",
  "text": "In regulation 17 (loans and credit arrangements)—\n(a) in paragraph (3), for “regulations 59 and 63 (exceptions)” substitute “Part 7 (Exceptions and licences)”;\n(b) in paragraph (5)—\n(i) at the appropriate place insert—\n““category 1 loan” means a loan or credit—\n(a) with a maturity exceeding 30 days,\n(b) made or granted to—\n(i) a person falling within Schedule 2,\n(ii) a person, other than an individual, which is—\n(aa) incorporated or constituted under the law of a non-UK country, and\n(bb) owned (within the meaning of regulation 16(7)) by a person within paragraph (i), or\n(iii) a person, other than an individual, acting on behalf or at the direction of a person within paragraph (i) or paragraph (ii), and\n(c) which is first made or granted at any time after IP completion day;\n“category 2 loan” means a loan or credit—\n(a) with a maturity exceeding 30 days,\n(b) made or granted to a person, other than an individual, which is—\n(i) incorporated or constituted under the law of any part of the United Kingdom, and\n(ii) owned (within the meaning of regulation 16(7)) by a person falling within Schedule 2, and\n(c) which is first made or granted at any time on or after 1st March 2022;\n“category 3 loan” means a loan or credit—\n(a) with a maturity exceeding 30 days,\n(b) made or granted to a person, other than an individual, which is—\n(i) connected with Russia,\n(ii) owned (within the meaning of regulation 16(7)) by a person within sub-paragraph (i), or\n(iii) a person, other than an individual, acting on behalf or at the direction of a person within paragraph (i) or paragraph (ii),\n(c) which is first made or granted at any time on or after 1st March 2022, and\n(d) which is not—\n(i) a category 1 loan, a category 2 loan or a category 4 loan, or\n(ii) a loan made or granted to—\n(aa) a person, other than an individual, which on 1st March 2022 is domiciled in a country other than Russia,\n(bb) a person, other than an individual, which is owned by a person falling within sub-paragraph (aa), or\n(cc) a person, other than an individual, acting on behalf or at the direction of a person within sub-paragraph (aa) or sub-paragraph (bb);\n“category 4 loan” means a loan or credit—\n(a) made or granted to the Government of Russia,\n(b) which is first made or granted at any time on or after 1st March 2022;”\n(ii) for the definition of “relevant loan” substitute—\n““relevant loan” means a category 1 loan, a category 2 loan, a category 3 loan or a category 4 loan;”;\n(iii) omit the definition of “relevant person”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/194/regulation/6",
    "retrieved_at": "2026-10-28T22:03:37.810816+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}