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The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 4) Order 2022

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Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020

8.  In paragraph 38 (regulation 64 (financial sanctions licences))—

(a)in paragraph (1) of the substituted text, after “Part 3 (Finance)” insert “and regulations 46Z9B to 46Z9D (maritime transportation of certain oil and oil products)”;

(b)in paragraph (2) of the substituted text, after “18B (financial restrictions)” insert “or 46Z9B to 46Z9D (maritime transportation of certain oil and oil products)”;

(c)in paragraph (3) of the substituted text—

(i)omit the “and” after sub-paragraph (f);

(ii)in sub-paragraph (g), at the end insert “, and”;

(iii)after sub-paragraph (g), insert—

“(h)in the case of acts which would otherwise be prohibited by regulations 46Z9B to 46Z9D (maritime transportation of certain oil and oil products), where the Governor considers that it is appropriate to issue the licence for the purpose set out in Part 4 (maritime transportation of certain oil and oil products) of Schedule 5.”

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