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Russia (Sanctions) (EU Exit) (Amendment) (No 8) Regulations 2022 in force 14 April 2022
Practical Law UK Legal Update w-035-2532 (Approx. 4 pages)
Russia (Sanctions) (EU Exit) (Amendment) (No 8) Regulations 2022 in force 14 April 2022
| Published on 14 Apr 2022 • United Kingdom |
The Russia (Sanctions) (EU Exit) (Amendment) (No 8) Regulations 2022 (SI 2022/452) enter into force at 5.00 pm on 14 April 2022 and make amendments to the Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855) by introducing new trade sanctions measures and amending existing trade sanctions measures for the purposes set out in regulation 4 of the 2019 Regulations.
The Russia (Sanctions) (EU Exit) (Amendment) (No 8) Regulations 2022 (SI 2022/452) enter into force at 5.00 pm on 14 April 2022.
These Regulations are made under the Sanctions and Anti-Money Laundering Act 2018 to amend the Russia (Sanctions) (EU Exit) Regulations 2019 (SI 2019/855) (the 2019 Regulations).
Regulations 3, 4 and 10 amend Part 5 of the 2019 Regulations, on trade, and insert related Schedules. New restrictions are imposed in relation to trade in:
- Oil refining goods and technology (as specified in new Schedule 2D).
- Quantum computing and advanced materials goods and technology (as specified in new Schedule 2E).
- Luxury goods (as specified in new Schedule 3A).
- Iron and steel goods (as specified in new Schedule 3B).
- The goods specified in new Schedules 2D, 3A and 3B are specified by reference to commodity codes set out in the Tariff of the United Kingdom.
- Regulations 5, 6, and 7 provide licensing and exceptions from the new restrictions, by amendments to Part 7 of the 2019 Regulations.
- Regulations 8 and 9 make consequential changes to enforcement provisions in Parts 9 and 10 of the 2019 Regulations.