(1) The Russia (Sanctions) (EU Exit) Regulations 2019 [S.I. 2019/855.] are amended as follows.

(2) In the definition of "relevant loan" in regulation 17(5), for "exit day" substitute "IP completion day".

(3) In regulation 21(1), omit the definition of "technology".

(4) In regulation 25 -

(a) in paragraph (1), omit sub-paragraph (d);

(b) in paragraph (3), omit sub-paragraph (c).

(5) In regulation 28 -

(a) omit paragraphs (4) and (5);

(b) in paragraph (6), for "(5)" substitute "(3)";

(c) in paragraph (7) -

(i) for "to (5)" substitute "to (3)";