PART 5Trade

F3CHAPTER 4IOil and Oil Products

Annotations:
Amendments (Textual)

Meaning of “relevant day”46Z3

In this Chapter, “relevant day” means F105th December 2022.

Import of oil and oil products46Z4

1

The import of oil and oil products, on or after the relevant day, which are consigned from Russia is prohibited.

2

The import of oil and oil products, on or after the relevant day, which originate in Russia is prohibited.

3

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

Acquisition of oil and oil products46Z5

1

A person must not, on or after the relevant day, directly or indirectly acquire oil and oil products—

a

which originate in Russia; or

b

which are located in Russia,

with the intention of those goods entering the United Kingdom.

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—

a

it is a defence for a person charged with the offence of contravening paragraph (1)(a) to show that the person did not know and had no reasonable cause to suspect that the goods originated in Russia;

b

it is a defence for a person charged with the offence of contravening paragraph (1)(b) to show that the person did not know and had no reasonable cause to suspect that the goods were located in Russia.

Supply and delivery of oil and oil productsF946Z6

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Technical assistance relating to oil and oil products46Z7

F111

A person must not, on or after the relevant day, directly or indirectly provide technical assistance relating to—

a

the import of oil and oil products which—

i

originate in Russia, or

ii

are consigned from Russia;

b

the direct or indirect acquisition of oil and oil products which—

i

originate in Russia, or

ii

are located in Russia,

with the intention of those goods entering the United Kingdom;

F5c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

Paragraph (1) is subject to Part 7 (Exceptions and licences).

3

A person who contravenes any of the prohibitions in paragraph (1) commits an offence, but it is a defence for a person charged with an offence of contravening—

a

paragraph (1)(a), 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;

b

paragraph (1)(b), to show that the person did not know and had no reasonable cause to suspect that the technical assistance related to an acquisition described in that paragraph;

F7c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Financial services and funds relating to oil and oil products46Z8

F41

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—

a

the import of oil and oil products which—

i

originate in Russia, or

ii

are consigned from Russia;

b

the direct or indirect acquisition of oil and oil products which—

i

originate in Russia, or

ii

are located in Russia,

with the intention of those goods entering the United Kingdom;

F2c

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

F122

F6Paragraph (1) is are subject to Part 7 (Exceptions and licences).

F13

A person who contravenes the prohibition in paragraph (1) commits an offence, but it is a defence for a person charged with that offence 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 oil and oil products46Z9

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 F846Z8(1)(a) or (b).

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 that offence 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.