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Regulation 30G Financial services and funds relating to relevant restricted goods and relevant restricted technologyF1

(1)

A person must not directly or indirectly provide, to a person connected with non-government controlled Ukrainian territory, financial services in pursuance of or in connection with an arrangement whose object or effect is—

(a)

the export of relevant restricted goods;

(b)

the direct or indirect supply or delivery of relevant restricted goods;

(c)

directly or indirectly making relevant restricted goods or relevant restricted technology available to a person;

(d)

the transfer of relevant restricted technology; or

(e)

the direct or indirect provision of technical assistance relating to relevant restricted goods or relevant restricted technology.

(2)

A person must not directly or indirectly provide funds to a person connected with non-government controlled Ukrainian territory in pursuance of or in connection with an arrangement mentioned in paragraph (1).

(3)

A person must not directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is—

(a)

the export of relevant restricted goods to, or for use in, non-government controlled Ukrainian territory;

(b)

the direct or indirect supply or delivery of relevant restricted goods to a place in non-government controlled Ukrainian territory;

(c)

directly or indirectly making relevant restricted goods or relevant restricted technology available—

(i)

to a person connected with non-government controlled Ukrainian territory, or

(ii)

for use in non-government controlled Ukrainian territory;

(d)

the transfer of relevant restricted technology—

(i)

to a person connected with non-government controlled Ukrainian territory, or

(ii)

to a place in non-government controlled Ukrainian territory; or

(e)

the direct or indirect provision of technical assistance relating to relevant restricted goods or relevant restricted technology—

(i)

to a person connected with non-government controlled Ukrainian territory, or

(ii)

for use in non-government controlled Ukrainian territory.

(4)

Paragraphs (1) to (3) are subject to Part 7 (Exceptions and licences).

(5)

A person who contravenes a prohibition in any of paragraphs (1) to (3) commits an offence, but—

(a)

it is a defence for a person charged with an offence of contravening paragraph (1) or (2) (“P”) to show that P did not know and had no reasonable cause to suspect that the person was connected with non-government controlled Ukrainian territory;

(b)

it is a defence for a person charged with the offence of contravening paragraph (3) to show that the person did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph.

Annotations

Textual amendments

F1

Pt. 5 Ch. 2A inserted (15.7.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (S.I. 2022/792), regs. 1(2), 6 (with reg. 13)

Notes on the whole SI

Textual amendments

F1

Regulations extended (British overseas territories) (with modifications) (31.12.2020 immediately after both S.I. 2020/590 and S.I. 2020/951 have come into force) by The Russia (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1571), arts. 1(1), 2, Schs. 1, 2 (as amended: (11.3.2021) by S.I. 2021/288, arts. 1(1), 2(2); (14.4.2022) by S.I. 2022/453, arts. 1(1), 3-38; (20.7.2022) by S.I. 2022/843, arts. 1(1), 3; (10.11.2022) by S.I. 2022/1167, arts. 1(1), 3-17; (15.12.2022) by S.I. 2022/1338, arts. 1(1), 3-10; (9.3.2023) by S.I. 2023/291, arts. 1(1), 3-9; (20.7.2023) by S.I. 2023/846, arts. 1(1), 3, 5-22; (30.9.2023) by S.I. 2023/846, arts. 1(2), 4; (14.3.2024) by S.I. 2024/370, arts. 1, 3-13; (3.10.2024) by S.I. 2024/987, arts. 1(1), 3-6; and (11.12.2025) by S.I. 2025/1307, art. 1(1), Sch. 15)