The Russia (Sanctions) (EU Exit) Regulations 2019

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46Z16A.—(1) In this Chapter—

“relevant day” means the day on which this Chapter comes into force;

“relevant processed gold” means gold which—

(a)

has been processed in a third country; and

(b)

incorporates gold that, on or after 21st July 2022—

(i)

originated in Russia, and

(ii)

has been exported from Russia;

“third country” means a country that is not the United Kingdom, the Isle of Man or Russia.

(2) For the purposes of this Chapter, a thing has been exported from Russia when—

(a)it has completed the applicable export formalities; and

(b)where the thing was transported by—

(i)land, it has left Russian territory;

(ii)sea, the ship on which it was transported has departed a port in Russia for a destination outside of Russia;

(iii)air, the aircraft on which it was transported has departed an airport in Russia for a destination outside of Russia.

(3) For the purposes of this Chapter, gold is processed where it is—

(a)altered;

(b)transformed in any way; or

(c)subjected to any other type of operation or process.]]

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