The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024 No. 987


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United Kingdom Statutory Instruments


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This is the original version (as it was originally made). This item of legislation is currently only available in its original format.

Statutory Instruments

2024 No. 987

OVERSEAS TERRITORIES

SANCTIONS

The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024

Made

2nd October 2024

Coming into force

3rd October 2024

At the Court at Buckingham Palace, the 2nd day of October 2024

Present,

The King's Most Excellent Majesty in Council

His Majesty, in exercise of the powers conferred by section 63(3)(c) and (4) of the Sanctions and Anti-Money Laundering Act 2018( 1), is pleased, by and with the advice of His Privy Council, to make the following Order:

Citation, commencement and extent

1.—(1) This Order may be cited as the Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024 and comes into force on 3rd October 2024.

(2) This Order extends to each British overseas territory listed in the Schedule.

Amendment of the Russia (Sanctions) (Overseas Territories) Order 2020

2.  Schedule 2 (modifications to be made in the extension of the Russia (Sanctions) (EU Exit) Regulations 2019( 2) to each British overseas territory listed in Schedule 1) to the Russia (Sanctions) (Overseas Territories) Order 2020( 3), is amended as set out in articles 3 to 6.

3.  After paragraph 26XF, insert—

26XG.   In regulation 46Z16J (interpretation), in the definition of “third country”, for “United Kingdom, the Isle of Man” substitute “Territory” .

26XH.   In regulation 46Z16Q (interpretation), in the definition of “third country”, for “United Kingdom, the Isle of Man” substitute “Territory” . .

4.  In paragraph 30B(a)(ii), for “place” substitute “and third places”.

5.  After paragraph 31E, insert—

31EA.   In regulation 57F (specification of ships), in paragraph (7), in the definition of “third country”, for “United Kingdom, the Isle of Man” substitute “Territory” . .

6.  After paragraph 34DC, insert—

34DD.   In regulation 60GC (trade: exception in respect of the acquisition of diamonds and diamond jewellery), in paragraph (1), for “United Kingdom or the Isle of Man” substitute “Territory” . .

Richard Tilbrook

Clerk of the Privy Council

Article 1(2)

Schedule British overseas territories

Explanatory Note

(This note is not part of the Order)

This Order makes amendments to the Russia (Sanctions) (Overseas Territories) Order 2020 ( S.I. 2020/1571) (“ the Principal Order”).

The Principal Order extends with modifications the Russia (Sanctions) (EU Exit) Regulations 2019 ( S.I. 2019/855) (“ the Russia sanctions regulations”) as amended from time to time to all British overseas territories except Bermuda and Gibraltar (which implement sanctions under their own legislative arrangements). The Russia sanctions regulations established a sanctions regime in relation to Russia for the purpose of encouraging Russia to cease actions destabilising Ukraine or undermining or threatening the territorial integrity, sovereignty or independence of Ukraine.

The Russia sanctions regulations have recently been amended by the Russia (Sanctions) (EU Exit) (Amendment) (No. 5) Regulations 2023 ( S.I. 2023/1367), the Russia (Sanctions) (EU Exit) (Amendment) Regulations 2024 ( S.I. 2024/218), the Russia (Sanctions) (EU Exit) (Amendment) (No. 3) Regulations 2024 ( S.I. 2024/834) and the Russia (Sanctions) (EU Exit) (Amendment) (No. 4) Regulations 2024 ( S.I. 2024/900) (together, “the amending regulations”). This Order makes the necessary amendments to the Principal Order to give effect in the relevant British overseas territories to the changes made to the Russia sanctions regime by the amending regulations.

An Impact Assessment has not been prepared for this Order: the territorial extent of both this Order and the Principal Order is the British overseas territories listed in the Schedule to this Order and no, or no significant, impact is foreseen on the private, voluntary or public sector in the United Kingdom.


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