Financial services and funds relating to infrastructure-related goods etc.U.K.
52.—(1) A person must not directly or indirectly provide, to a person connected with Crimea, financial services in pursuance of or in connection with an arrangement whose object or effect is—
(a)the export of infrastructure-related goods,
(b)the direct or indirect supply or delivery of infrastructure-related goods,
(c)directly or indirectly making infrastructure-related goods available to a person, or
(d)the direct or indirect provision of technical assistance relating to infrastructure-related goods.
(2) A person must not directly or indirectly make funds available to a person connected with Crimea in pursuance of or in connection with an arrangement mentioned in paragraph (1).
(3) A person must not 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 goods which originate in Crimea;
(b)the export of infrastructure-related goods to, or for use in, Crimea,
(c)the direct or indirect supply or delivery of infrastructure-related goods to a place in Crimea,
(d)directly or indirectly making infrastructure-related goods available—
(i)to a person connected with Crimea, or
(ii)for use in Crimea,
(e)the direct or indirect provision of technical assistance relating to infrastructure-related goods—
(i)to a person connected with Crimea, or
(ii)for use in Crimea.
(4) Paragraphs (1) to (3) are subject to Part 7 (Exceptions and licences).
(5) A person who contravenes a prohibition in any of paragraphs (1) to (3) commits an offence, but—
(a)it is a defence for a person charged with an offence of contravening paragraph (1) or (2) (“P”) to show that P did not know and had no reasonable cause to suspect that the person was connected with Crimea;
(b)it is a defence for a person charged with an offence of contravening a prohibition in paragraph (3) 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.
Commencement Information
I1Reg. 52 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)