7 Amendment of regulation 64 (Treasury licences)
1 Regulation 64 is amended as follows.
2 In paragraph (1)—
(a) for “and 18B” substitute “, 18B”;
(b) after “to Russia)” insert “and 46Z9B to 46Z9D (maritime transportation of certain oil and oil products)”.
3 In paragraph (1A), after “18B” insert “or regulations 46Z9B to 46Z9D”.
4 In paragraph (2)—
(a) omit “and” at the end of sub-paragraph (c);
(b) insert “and” at the end of sub-paragraph (d);
(c) after sub-paragraph (d) insert—

“(e) in the case of acts which would otherwise be prohibited by regulations 46Z9B to 46Z9D, where the Treasury consider that it is appropriate to issue the licence for the purpose set out in Part 4 of Schedule 5.”