On 7 November 2014, the legislation.gov.uk website posted SI 2014/2932 – The Export Control (Russia, Crimea and Sevastopol Sanctions) (Amendment) Order 2014 (the Order).
The Order makes provision for the enforcement of certain new trade restrictions against Russia specified in Council Regulation (EU) No 960/2014 (OJ No L 271, 12.9.2014, p3) (the Amending Regulation) which amends Council Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine. It does so by amending the Export Control (Russia, Crimea and Sevastopol Sanctions) Order 2014 (S.I. 2014/2357) (the Russia Sanctions Order) which makes provision for the enforcement of all current trade restrictions against Russia. The new measures include prohibitions on the sale, supply, transfer or export of dual-use goods and technology to certain listed persons or entities in Russia, and on the provision of technical assistance, brokering, financing or financial assistance related to those goods to those listed persons or entities. They also include a prohibition on the provision of certain associated services necessary for deep water oil exploration and production, arctic oil exploration and production, or shale oil projects in Russia, covering drilling, well testing, logging and completion services and the supply of specialised floating vessels. Article 3 of the Order amends the Russia Sanctions Order to create offences and provide the penalties for contravention of the prohibitions set out in Articles 2a and 3a of the Amending Regulation.
On 12 November 2014, legislation.gov.uk posted SI 2014/2919 – The Russia, Crimea and Sevastopol (Sanctions) (Overseas Territories) (Amendment) Order 2014.
This Order makes further provision in specified Overseas Territories to implement sanctions imposed on Russia by EU Council Decision 2014/512/CFSP of 31st July 2014 (as amended by EU Council Decision 2014/659/CFSP of 8th September 2014).
The Order imposes a ban on the supply of assistance related to the transfer of oil exploration technologies to Russia and makes provision for the Governor to license these activities in line with exemptions under the sanctions regime.
This post was first published on www.internationaltradecomplianceupdate.com.