# The Russia (Sanctions) (Overseas Territories) (Amendment) Order 2024 S.I. 2024/370 · made 13 March 2024 This Order makes amendments to the Russia (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1571) (“the Principal Order”). Made under: Sanctions and Anti-Money Laundering Act 2018 (Section 63) PDFs: Printed copy https://openlegislation.uk/russia-sanctions-overseas-territories-amendment-order-2024/pdf/uksi_20240370_en.pdf ## Introductory text Overseas Territories Sanctions Made 13th March 2024 Coming into force 14th March 2024 At the Court at Buckingham Palace, the 13th day of March 2024 Present, The King’s Most Excellent Majesty in Council His Majesty, in exercise of the powers conferred by section 63(3)(c) and (4) of the Sanctions and Anti-Money Laundering Act 2018, is pleased, by and with the advice of His Privy Council, to make the following Order: ## 1 Citation, commencement and extent (1) This Order may be cited as the Russia (Sanctions) (Overseas Territories) (Amendment) Order 2024 and comes into force on 14th March 2024. (2) This Order extends to each British overseas territory listed in the Schedule. ## 2 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 Schedule 2 (modifications to be made in the extension of the Russia (Sanctions) (EU Exit) Regulations 2019 to each British overseas territory listed in Schedule 1) to the Russia (Sanctions) (Overseas Territories) Order 2020, is amended as set out in articles 3 to 13. ## 3 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 In paragraph 12A (modification of regulation 17A)— (a) in the opening words, for “etc.” substitute “and processing payments”; (b) in paragraph (b), omit sub-paragraphs (i) and (iv); (c) omit paragraph (c); (d) in paragraph (d)(ii), omit the definition of “relevant currency”. ## 4 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 After paragraph 26DB (modification of regulation 46IB) insert— “26DC. In regulation 46IF (interpretation), in the definition of “third country”, for “United Kingdom, the Isle of Man” substitute “Territory”.”. ## 5 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 Omit paragraph 33A (modification of regulation 59A). ## 6 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 Before paragraph 34 (modification of regulation 60) insert— “33B. In regulation 59A(2)(b) (exceptions relating to processing payments), for “United Kingdom” substitute “Territory”.”. ## 7 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 In paragraph 34DA (modification of regulation 60G), after “(1A)(b)” insert “and (1E)(b)”. ## 8 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 After paragraph 34DB (modification of regulation 60GA) insert— “34DBA. In regulation 60GAA (trade: exception in respect of iron and steel products, relevant processed iron or steel products and metals exported from Russia before the relevant day)— (a) in paragraph (1)(b), for “United Kingdom or the Isle of Man” substitute “Territory”; (b) in paragraph (7), for the words from “Section 3” to “applies” substitute “Any rules imposing an obligation to declare goods for a customs procedure on import into the Territory apply”.”. ## 9 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 In paragraph 38 (substitution of regulation 64), in paragraph (3) of the substituted text— (a) after sub-paragraph (a), insert— “(aa) in the case of acts which would otherwise be prohibited by regulations 11 to 15, 16, 17, 17A, 18A and 18C, where the Governor considers that it is appropriate to issue the licence for a purpose set out in Part 1ZA of Schedule 5,”; (b) in sub-paragraph (d)— (i) for “(sterling payments etc.)” substitute “(processing payments)”; (ii) for “(Sterling payments etc.)” substitute “(Processing payments)”. ## 10 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 After paragraph 43 (modification of regulation 70) insert— “43A. In regulation 70A (designated persons: reporting obligations)— (a) for “Treasury”, in each place it occurs, substitute “Governor”; (b) in paragraph (1), for “United Kingdom person” substitute “Territory person”; (c) in paragraph (2)— (i) in the opening words, for “United Kingdom person” substitute “Territory person”; (ii) in sub-paragraph (a), for “United Kingdom” substitute “Territory”.”. ## 11 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 In paragraph 55 (substitution of regulation 80), in paragraphs (7) and (13) of the substituted text, after “70(6)”, in both places it appears, insert “, 70A(6)”. ## 12 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 In paragraph 64A (modification of regulation 88C)— (a) in paragraph (b), after “(1),”, insert “(1A),”; (b) after paragraph (d) insert— “(da) in paragraph (6A)— (i) for “the Treasury have”, in both places it occurs, substitute “the Governor has”; (ii) in sub-paragraph (a), after “£1,000,000”, insert “or its equivalent in the currency of the Territory”;”. ## 13 Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020 In paragraph 78 (modification of Schedule 5)— (a) after sub-paragraph (e) insert— “(ea) in paragraph 9DA (interpretation of Part 1ZA)— (i) for the definition of “non-UK country” substitute— ““non-Territory country” means a country that is not the Territory;”; (ii) for the definition of “non-UK credit or financial institution” substitute— ““non-Territory credit or financial institution” has the same meaning as in regulation 17A;”; (iii) for the definition of “UK entity” substitute— ““Territory entity” means a person, other than an individual, incorporated or constituted under the law of the Territory”; (eb) in paragraph 9DB (divestment)— (i) in sub-paragraphs (1), (2), (3) and (4)(a), for “UK entity”, in each place it occurs, substitute “Territory entity”; (ii) in sub-paragraph (4)(b)(ii)— (aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”; (bb) for “non-UK country” substitute “non-Territory country”; (iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”; (ec) in paragraph 9DC (enabling others to divest themselves of funds or economic resources)— (i) in sub-paragraphs (1) and (3), for “UK entity”, in each place it occurs, substitute “Territory entity”; (ii) in sub-paragraph (4)(b)(ii)— (aa) for “non-UK credit or financial institution” substitute “non-Territory credit or financial institution”; (bb) for “non-UK country” substitute “non-Territory country”; (iii) in sub-paragraph (4)(c), for “non-UK country” substitute “non-Territory country”;”; (b) after sub-paragraph (k) insert— “(ka) in paragraph 9TA (other licensing purposes), for “Treasury” substitute “Governor”;”. ## Signature Richard Tilbrook Clerk of the Privy Council ## British overseas territories Anguilla British Antarctic Territory British Indian Ocean Territory Cayman Islands Falkland Islands Montserrat Pitcairn, Henderson, Ducie and Oeno Islands St Helena, Ascension and Tristan da Cunha South Georgia and the South Sandwich Islands The Sovereign Base Areas of Akrotiri and Dhekelia in the Island of Cyprus Turks and Caicos Islands Virgin Islands ## Explanatory note (This note is not part of the Order) This Order makes amendments to the Russia (Sanctions) (Overseas Territories) Order 2020 (S.I. 2020/1571) (“the Principal Order”). The Principal Order extends with modifications the Russia (Sanctions) (EU Exit) Regulations 2019 (S.I. 2019/855) (“the Russia sanctions regulations”) as amended from time to time to all British overseas territories except Bermuda and Gibraltar (which implement sanctions under their own legislative arrangements). The Russia sanctions regulations established a sanctions regime in relation to Russia for the purpose of encouraging Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine. The Russia sanctions regulations have recently been amended by the Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2023 (S.I. 2023/1364) (“the amending regulations”). This Order makes the necessary amendments to the Principal Order to give effect in the relevant British overseas territories to the changes made to the Russia sanctions regime by the amending regulations. An Impact Assessment has not been prepared for this Order: the territorial extent of both this Order and the Principal Order is the British overseas territories listed in the Schedule to this Order and no, or no significant, impact is foreseen on the private, voluntary or public sector in the United Kingdom. --- Source: https://www.legislation.gov.uk/uksi/2024/370 (the official version) Page: https://openlegislation.uk/russia-sanctions-overseas-territories-amendment-order-2024 Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.