# The Russia (Sanctions) (EU Exit) Regulations 2019, Regulation 60I: Trade: exceptions in relation to Energy-related Goods and energy-related technology


(1) The prohibitions in regulations 44 (financial services relating to energy-related goods and energy-related technology) and 45 (brokering services: non-UK activity relating to energy-related goods and energy-related technology) are not contravened in relation to the provision of insurance or reinsurance to a relevant person with regard to that person’s activities outside the energy sector in Russia.
(2) The prohibitions in Chapter 4 (energy-related goods , energy-related technology and related activities) are not contravened by a relevant activity that is necessary for the purposes of a UK petroleum project.
(3) In this regulation—
“energy related goods” has the meaning given in regulation 21(1) (interpretation of Part 5);
“energy-related technology” has the meaning given in regulation 21(1) (interpretation of Part 5);
“relevant activity” means any activity which would, in the absence of this regulation, contravene the prohibitions specified in paragraphs (1) and (2);
“relevant person” means a person who is not a person connected with Russia;
“UK petroleum project” means an oil or gas exploration or production project that is wholly or partially located within—
(a)the United Kingdom;
(b)waters adjacent to the United Kingdom up to the seaward limits of the territorial sea, or the seabed and subsoil below them;
(c)areas from time to time designated under section 1(7) of the Continental Shelf Act 1964 (designation of areas of continental shelf), and any waters within the limits of such areas.

---
Source: https://www.legislation.gov.uk/uksi/2019/855/regulation/60I (the official version)
Page: https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/regulation-60I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.