Freezing prohibitionsU.K.
4.—(1) The provisions of this article apply in relation to the following funds (“frozen funds”)—
(a)funds owned, held or controlled by Andrey Lugovoy; and
(b)funds owned, held or controlled by Dmitri Kovtun.
(2) A person must not make frozen funds available to or for the benefit of a specified person.
(3) A person must not make frozen funds available to a person at the direction or instruction of a specified person.
(4) A person must not deal with frozen funds.
(5) For the purposes of this article, making funds available to or for the benefit of a specified person includes—
(a)allowing a specified person to withdraw from an account;
(b)honouring a cheque payable to a specified person;
(c)crediting a specified person's account with interest;
(d)releasing documents of title (such as share certificates) held on behalf of a specified person;
(e)making available the proceeds of realisation of property belonging to a specified person; and
(f)making a payment to or for the benefit of a specified person.
(6) In this article “deal with” means—
(a)use, alter, move, allow access to or transfer;
(b)deal with in any other way that would result in any change in volume, amount, location, ownership, possession, character or destination; or
(c)make any other change that would enable use, including portfolio management.
Commencement Information
I1Art. 4 in force at 19.1.2020, see art. 1(1)