PART 5Trade

F2CHAPTER 4JGold

Annotations:

Prohibition on the import of gold from Russia46Z11

1

The import of gold F1originating in Russia is prohibited, where that gold has been exported from Russia on or after the relevant day.

2

For the purposes of these Regulations, gold has been exported from Russia when—

a

it has completed the applicable export formalities; and

b

where the gold 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

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