PART 5Trade
F3CHAPTER 4KCoal and Coal Products
Financial services and funds relating to coal and coal products46Z22
F11
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 coal and coal products which—
i
originate in Russia, or
ii
are consigned from Russia;
b
the direct or indirect acquisition of coal and coal products which—
i
originate in Russia, or
ii
are located in Russia,
with the intention of those goods entering the United Kingdom;
F2c
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Paragraphs (1) is subject to Part 7 (Exceptions and licences).
3
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.
Pt. 5 Chs. 4H-4K inserted (21.7.2022) by The Russia (Sanctions) (EU Exit) (Amendment) (No. 14) Regulations 2022 (S.I. 2022/850), regs. 1(2), 12