Regulation 46L BanknotesF1

(1)

The export of banknotes to, or for use in, Russia is prohibited.

(2)

A person must not directly or indirectly—

(a)

supply or deliver banknotes to a person connected with Russia;

(b)

make banknotes available to a person connected with Russia; or

(c)

make banknotes available for use in Russia.

(3)

Paragraphs (1) and (2) are subject to Part 7 (Exceptions and licences).

(4)

A person who contravenes a prohibition in paragraph (2) commits an offence.

(5)

In this regulation, “banknotes” means—

(a)

sterling denominated banknotes issued by the Bank of England and banks in Scotland and Northern Ireland; and

(b)

banknotes denominated in any official currency of the European Union.

Annotations

F1: Pt. 5 Chs. 4D-4G inserted (15.7.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (S.I. 2022/792), regs. 1(2), 8 (with reg. 13)

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)