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PART 3Trade sanctions

Trade

5.  In regulation 21 (interpretation of Part 5)—

(a)before the definition of brokering service, insert—

aviation and space goods” means—

(a)

any thing specified in Schedule 2C, other than any thing which is aviation and space technology, and

(b)

any tangible storage medium on which aviation and space technology is recorded or from which it can be derived;

aviation and space technology” means any thing described in Schedule 2C as software or technology;;

(b)in the definition of “restricted goods”, after paragraph (c) insert—

(d)aviation and space goods;;

(c)in the definition of “restricted technology”, after paragraph (c) insert—

(d)aviation and space technology;.

6.  After regulation 29 (brokering services: non-UK activity relating to restricted goods and restricted technology), insert—

Insurance and reinsurance services relating to aviation and space goods and aviation and space technology

29A.(1) A person must not directly or indirectly provide insurance or reinsurance services relating to aviation and space goods or aviation and space technology—

(a)to a person connected with Russia, or

(b)for use in Russia.

(2) Paragraph (1) is subject to Part 7 (Exceptions and licences).

(3) A person who contravenes a prohibition in paragraph (1) commits an offence, but—

(a)it is a defence for a person charged with an offence of contravening paragraph (1)(a) (“P”) to show that P did not know and had no reasonable cause to suspect that the person was connected with Russia;

(b)it is a defence for a person charged with an offence of contravening paragraph (1)(b) to show that the person did not know and had no reasonable cause to suspect that the goods or technology were for use in Russia..