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The Russia, Crimea and Sevastopol (Sanctions) (Overseas Territories) (Amendment) Order 2014 - Advisory Warning No. 9 of 2015 (16 December 2015)


Advisory Warning No. 9 of 2015

16 December, 2015

ADVISORY WARNING

 

The Russia, Crimea and Sevastopol (Sanctions) (Overseas Territories) (Amendment) Order 2014

(U.K.S.I. 2014 No. 2919)

 

The British Virgin Islands Financial Services Commission (the “FSC”) is advising the public that on 13th November 2014, The Russia, Crimea and Sevastopol (Sanctions) (Overseas Territories) (Amendment) Order 2014 (the “Order”) was ratified and extended to the Territory.

NOTICE IS HEREBY GIVEN that this Order has been extended to the Territory by virtue of Schedule 1 to The Russia, Crimea and Sevastopol (Sanctions) (Overseas Territories) Order 2014 (the “Principal order”).

AND NOTICE IS FURTHER GIVEN that 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.

The European Union in Council Decision 2014/512 CFSP of 31st July, 2014 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014D0512&rid=1

The European Union in Council Decision 2014/659 CFSP of 8th September, 2014 may be viewed in its entirety at the following URL:

http://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32014D0659&rid=1

The Russia, Crimea and Sevastopol (Sanctions) (Overseas Territories) (Amendment) Order 2014 may be viewed in its entirety at the following URL:

http://www.legislation.gov.uk/uksi/2014/2919/made

Additional Links of Interest:

Consolidated list of financial sanctions targets in the UK – this link updates automatically as new Orders are ratified and extended to the Overseas Territories:

http://hmt-sanctions.s3.amazonaws.com/sanctionsconlist.pdf

List of all Sanctions Orders still enforced and extended to the Overseas Territories: 

http://www.legislation.gov.uk/all?title=sanctions

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Contact Information

British Virgin Islands Financial Services Commission


Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg