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In force since 2024-03-01, as the publisher states.
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Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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3 provisions
Title and introductory text
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.
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, considering that the condition in section 45(2) of the Sanctions and Anti-Money Laundering Act 2018 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.
Propose a change1 Citation and commencement
(1) These Regulations may be cited as the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2024.
(2) These Regulations come into force on 1st March 2024.
Propose a change2 Insertion of Chapter 4JC into the Russia (Sanctions) (EU Exit) Regulations 2019
After regulation 46Z16P of the Russia (Sanctions) (EU Exit) Regulations 2019 (brokering services relating to diamonds and diamond jewellery) insert—
CHAPTER4JC Certain diamonds processed in a third country
Interpretation
46Z16Q. (1) In this Chapter—
“diamonds” means any thing falling within—
the following commodity codes—
7102 10 (unsorted diamonds);
7102 39 (non-industrial diamonds, other than unworked or simply sawn, cleaved or bruted); and
both commodity code ex 7102 31 and the description “non-industrial diamonds, simply sawn, cleaved or bruted”;
“relevant day” means—
1st March 2024 in relation to any diamonds which are equal to or larger than 1 carat;
1st September 2024 in relation to any diamonds which are equal to or larger than 0.5 carats;
“relevant processed diamonds” means diamonds which—
have been processed in a third country; and
originate in Russia;
“third country” means a country that is not the United Kingdom, the Isle of Man or Russia.
(2) Paragraph 1 of Schedule 3 applies for the purposes of interpreting the definition of diamonds in paragraph (1).
(3) For the purposes of this Chapter, diamonds are processed where they are—
(a) altered;
(b) transformed in any way; or
(c) subjected to any other type of operation or process.
Import of relevant processed diamonds
46Z16R. (1) The import of relevant processed diamonds, on or after the relevant day, is prohibited.
(2) Paragraph (1) is subject to Part 7 (Exceptions and licences).
Technical assistance relating to relevant processed diamonds
46Z16S. (1) A person must not on or after the relevant day directly or indirectly provide technical assistance relating to the import of relevant processed diamonds.
(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 it is a defence for a person charged with an offence of contravening paragraph (1) to show that the person did not know and had no reasonable cause to suspect that the technical assistance related to an import described in that paragraph.
Financial services and funds relating to relevant processed diamonds
46Z16T. (1) A person must not on or after the relevant day directly or indirectly provide financial services or funds in pursuance of or in connection with an arrangement whose object or effect is the import of relevant processed diamonds.
(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 it is a defence for a person charged with the offence of contravening paragraph (1) to show that the person did not know and had no reasonable cause to suspect that the financial services or funds (as the case may be) were provided in pursuance of or in connection with an arrangement mentioned in that paragraph.
Brokering services relating to relevant processed diamonds
46Z16U. (1) A person must not on or after the relevant day directly or indirectly provide brokering services in relation to any arrangements described in regulation 46Z16T(1).
(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 it is a defence for a person charged with the offence of contravening paragraph (1) to show that the person did not know and had no reasonable cause to suspect that the brokering services were provided in relation to an arrangement mentioned in that paragraph.
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Propose a change