{
  "url": "https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/regulation-18",
  "json_url": "https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/regulation-18.json",
  "legislation": "uksi/2019/855",
  "legislation_title": "The Russia (Sanctions) (EU Exit) Regulations 2019",
  "legislation_url": "https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019",
  "path": "regulation/18",
  "kind": "regulation",
  "number": "18",
  "heading": "Investments in relation to non-government controlled Ukrainian territory",
  "text": "(1) A person (“P”) must not carry on an activity mentioned in paragraph (2) if P knows, or has reasonable cause to suspect, that P is carrying on such an activity.\n(2) The activities in this paragraph are—\n(a) directly or indirectly acquiring or extending a participation, or acquiring any ownership interest, in land located in non-government controlled Ukrainian territory;\n(b) directly or indirectly acquiring or extending a participation, or acquiring any ownership interest in or control over, a relevant entity;\n(c) directly or indirectly granting any loan or credit, entering into any arrangement to grant any loan or credit, or otherwise providing funds, including for example equity capital—\n(i) to a relevant entity, or\n(ii) for the documented purpose of financing any such entity;\n(d) directly or indirectly establishing any joint venture—\n(i) in non-government controlled Ukrainian territory, or\n(ii) with a relevant entity;\n(e) providing investment services directly related to an activity referred to in sub-paragraphs (a) to (d) above.\n(3) Paragraph (1) is subject to Part 7 (Exceptions and licences).\n(4) A person who contravenes a prohibition in paragraph (1) commits an offence.\n(5) In this regulation—\n“investment services” has the same meaning as it has in regulation 16;\n“relevant entity” means a person, other than an individual, which has a place of business located in non-government controlled Ukrainian territory.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 18(2) substituted (30.3.2022 at 5.00 p.m.) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022 (S.I. 2022/395), regs. 1(2), 10(b)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 18(5) substituted (30.3.2022 at 5.00 p.m.) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022 (S.I. 2022/395), regs. 1(2), 10(b)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Words in reg. 18 heading substituted (30.3.2022 at 5.00 p.m.) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 7) Regulations 2022 (S.I. 2022/395), regs. 1(2), 10(a)"
    },
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 18 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2019/855/regulation/18",
    "retrieved_at": "2026-10-28T22:41:25.449074+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."
}