# The Russia (Sanctions) (EU Exit) Regulations 2019, Paragraph 9DC: Enabling others to divest themselves of funds or economic resources


(1) To enable anything to be done by a UK entity in order to enable another person (“B”) to undertake a relevant transfer.
(2) In sub-paragraph (1), a “relevant transfer” means a transfer of funds or economic resources located in Russia and owned, held or controlled by B, to a person concerned, in order to enable B to divest itself, either wholly or partially, of those funds or economic resources.
(3) Where sub-paragraph (4) applies, to enable anything to be done by a UK entity in order to enable B to acquire from a person concerned an interest in B held by the person concerned.
(4) This sub-paragraph applies where—
(a) the sole consideration for that acquisition is a transfer of funds from B to the person concerned;
(b) such funds are credited to—
(i) a frozen account held by a relevant institution; or
(ii) an account held by a non-UK credit or financial institution in a non-UK country; and
(c) where paragraph (b)(ii) applies, the law of that non-UK country—
(i) contains relevant and appropriate—
(aa) prohibitions corresponding to those in Part 3 of these Regulations; and
(bb) exceptions corresponding to those in Part 7 of these Regulations; and
(ii) where relevant or appropriate, allows for licences to be granted on grounds corresponding to those in this Schedule.

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Source: https://www.legislation.gov.uk/uksi/2019/855/schedule/5/paragraph/9DC (the official version)
Page: https://openlegislation.uk/russia-sanctions-eu-exit-regulations-2019/schedule-5/paragraph-9DC
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.