The Russia (Sanctions) (EU Exit) Regulations 2019 No. 855

PART 5 U.K. Trade

[F1 CHAPTER 4E U.K. Banknotes

Textual Amendments

F1 Pt. 5 Chs. 4D-4G inserted (15.7.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (S.I. 2022/792), regs. 1(2), 8 (with reg. 13)

Banknotes U.K.

46L.— (1) The export of banknotes to, or for use in, Russia is prohibited.

(2) A person must not directly or indirectly—

(a) supply or deliver banknotes to a person connected with Russia;

(b) make banknotes available to a person connected with Russia; or

(c) make banknotes available for use in Russia.

(3) Paragraphs (1) and (2) are subject to Part 7 (Exceptions and licences).

(4) A person who contravenes a prohibition in paragraph (2) commits an offence.

(5) In this regulation, “banknotes” means—

(a) sterling denominated banknotes issued by the Bank of England and banks in Scotland and Northern Ireland; and

(b) banknotes denominated in any official currency of the European Union.]