# The Russia (Sanctions) (EU Exit) Regulations 2019, Regulation 18: Investments in relation to non-government controlled Ukrainian territory

Extent: E+W+S+N.I.

(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.
(2) The activities in this paragraph are—
(a) directly or indirectly acquiring or extending a participation, or acquiring any ownership interest, in land located in non-government controlled Ukrainian territory;
(b) directly or indirectly acquiring or extending a participation, or acquiring any ownership interest in or control over, a relevant entity;
(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—
(i) to a relevant entity, or
(ii) for the documented purpose of financing any such entity;
(d) directly or indirectly establishing any joint venture—
(i) in non-government controlled Ukrainian territory, or
(ii) with a relevant entity;
(e) providing investment services directly related to an activity referred to in sub-paragraphs (a) to (d) above.
(3) Paragraph (1) is subject to Part 7 (Exceptions and licences).
(4) A person who contravenes a prohibition in paragraph (1) commits an offence.
(5) In this regulation—
“investment services” has the same meaning as it has in regulation 16;
“relevant entity” means a person, other than an individual, which has a place of business located in non-government controlled Ukrainian territory.

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Source: https://www.legislation.gov.uk/uksi/2019/855/regulation/18 (the official version)
Page: https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/regulation-18
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.