(1) The prohibitions in regulation 18 (investments in relation to non-government controlled Ukrainian territory) are not contravened by any act done by a person ("P") in satisfaction of an obligation of P arising under a contract concluded before the relevant date, or an ancillary contract necessary for the satisfaction of such a contract, provided that P has notified the Treasury no later than the day five working days before the day on which the act is carried out.

(2) The prohibitions in regulation 18 are not contravened by activities carried on by a person with entities outside non-government controlled Ukrainian territory where the related investment is not destined for an entity in non-government controlled Ukrainian territory.

(3) In this regulation, "the relevant date" means -

(a) in the case of investments in relation to Crimea, 20th December 2014;

(b) in the case of investments in relation to non-government controlled areas of the Donetsk and Luhansk oblasts, 23rd February 2022,