The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2024

Regulations made by the Secretary of State, laid before Parliament under section 55(3) of the Sanctions and Anti-Money Laundering Act 2018, for approval by resolution of each House of Parliament within twenty-eight days beginning with the day on which the instrument is made, subject to extension for periods of dissolution or prorogation or during which both Houses are adjourned for more than four days.

Statutory Instruments

2024 No. 218

Sanctions

The Russia (Sanctions) (EU Exit) (Amendment) Regulations 2024

Made

26th February 2024

Laid before Parliament

28th February 2024

Coming into force

1st March 2024

The Secretary of State(1), considering that the condition in section 45(2) of the Sanctions and Anti-Money Laundering Act 2018(2) is met, makes the following Regulations in exercise of the powers conferred by sections 1, 5, 15(2)(b), 17, 21(1), 45(1)(b) and 54(1) of, and paragraphs 3(e), 13(f) and 17(d) of Schedule 1 to, that Act.

(1)

The power to make regulations under Part 1 of the Sanctions and Anti-Money Laundering Act 2018 (c. 13) is conferred on an appropriate Minister. Section 1(9)(a) of the Act defines an “appropriate Minister” as including the Secretary of State.

(2)

2018 c. 13. Section 1 is amended by the Economic Crime (Transparency and Enforcement) Act 2022 (c. 10) (“the 2022 Act”), section 57(2) and by the Economic Crime and Corporate Transparency Act 2023 (c. 56) (“the 2023 Act”) section 35(2). Section 15 is amended by the 2023 Act, section 35(5). Section 17 is amended by the 2023 Act, section 214(3) and by S.I. 2022/500 and 2023/149. Section 45 is amended by the 2022 Act, sections 57(4) and 62(3). See section 62(1) for the meaning of “prescribed”.