Textual Amendments
F1Pt. 5 Ch. 4C inserted (14.4.2022 at 5.00 p.m.) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 8) Regulations 2022 (S.I. 2022/452), regs. 1(2), 4
46H.—(1) 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 import of iron and steel products which—
(i)originate in Russia; or
(ii)are consigned from Russia;
(b)the direct or indirect acquisition of iron and steel products which—
(i)originate in Russia; or
(ii)are located in Russia; or
(c)the direct or indirect supply or delivery of iron and steel products from a place in Russia to a third country.
(2) Paragraph (1) is subject to Part 7 (Exceptions and licences).
(3) A person who contravenes the prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence 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.]
Textual Amendments
F2Regs. 46G-46I inserted (15.7.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (S.I. 2022/792), regs. 1(2), 7(3) (with reg. 13)