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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 21 July 2022 - onwards
Version 3 of 3

Regulation 44 Financial services and funds relating to energy-related goods

(1) A person must not directly or indirectly provide, to a person connected with Russia, financial services in pursuance of or in connection with an arrangement whose object or effect is -

(a) the export of energy-related goods,

(b) the direct or indirect supply or delivery of energy-related goods,

(c) directly or indirectly making energy-related goods available to a person, or

(d) the direct or indirect provision of technical assistance relating to energy-related goods.

(2) A person must not directly or indirectly make funds available to a person connected with Russia in pursuance of or in connection with an arrangement mentioned in paragraph (1).

(3) 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 export of energy-related goods to, or for use in, Russia;

(b) the direct or indirect supply or delivery of energy-related goods to a place in Russia;