Trade: exception in relation to maritime transportation of certain oil and oil products60HA

1

The prohibitions in regulations 46Z9B(1), 46Z9C(1) and 46Z9D(1) (maritime transportation of certain oil and oil products) are not contravened by a relevant activity in relation to any 2709 oil and oil products which—

a

originate in a country that is not Russia,

b

are not owned by a person connected with Russia, and

c

are only being loaded in, departing from or transiting through Russia.

2

The prohibitions in regulations 46Z9B(2), 46Z9C(2) and 46Z9D(2) are not contravened by a relevant activity in relation to any 2710 oil and oil products which—

a

originate in a country that is not Russia,

b

are not owned by a person connected with Russia, and

c

are only being loaded in, departing from or transiting through Russia.

3

For the purposes of paragraphs (1) and (2)—

• “2709 oil and oil products” and “2710 oil and oil products” have the meanings given in regulation 46Z9A;

• “relevant activity” means any activity which would, in the absence of this regulation, contravene the prohibitions specified in paragraph (1) or, as the case may be (2).