Regulation 18B Investments in relation to RussiaF1

directly acquiring any ownership interest in land located in Russia;

indirectly acquiring any ownership interest in land located in Russia for the purpose mentioned in paragraph (3);

directly acquiring any ownership interest in or control over a person, other than an individual, connected with Russia;

indirectly acquiring any ownership interest in or control over a person, other than an individual, connected with Russia for the purpose mentioned in paragraph (3);

directly or indirectly acquiring any ownership interest in or control over a relevant entity for the purpose mentioned in paragraph (3);

directly or indirectly establishing any joint venture with a person connected with Russia;

opening a representative office or establishing a branch or subsidiary located in Russia; or

providing investment services directly related to an activity referred to in sub-paragraphs (a) to (g).

directly or indirectly to a person connected with Russia; or

for the benefit of a person connected with Russia.

economic resources are made available to a person connected with Russia only if that person would be likely to exchange the economic resources for, or use them in exchange for, funds, goods or services;

making funds or economic resources indirectly available to a person connected with Russia includes, in particular, a reference to making them available to a person who is owned or controlled directly or indirectly (within the meaning of regulation 7) by a person connected with Russia; and

funds or economic resources are made available for the benefit of a person connected with Russia only if that person thereby obtains, or is able to obtain, a significant financial benefit, and “financial benefit” includes the discharge (or partial discharge) of a financial obligation for which the person connected with Russia is wholly or partly responsible.

P directly or indirectly acquiring any share in the person or entity;

P directly or indirectly acquiring any voting rights in the person or entity;

P directly or indirectly acquiring any right to appoint or remove a majority of the board of directors of the person or entity; or

P directly or indirectly acquiring any means of ensuring that the affairs of the person or entity are conducted in accordance with the wishes of P where it is reasonable, having regard to all of the circumstances, to expect that P would (if P chose to) in most cases or significant respects, by whatever means, be able to do so.