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  4. UK publishes the Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024

UK publishes the Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024

09 Oct 2024
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The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024 is effective from 3 October 2024 and introduces updates to the sanctions regime applied to British Overseas Territories in relation to Russia.

This amendment updates the Russia (Sanctions) (Overseas Territories) Order 2020, which applies the UK’s Russia (Sanctions) (EU Exit) Regulations 2019 to most British Overseas Territories.

The 2024 Amendment ensures that the latest changes to the UK’s Russia sanctions, including regulations introduced in 2023 and 2024, are also enforced in these Overseas Territories. Notably, Bermuda and Gibraltar are excluded, as they manage sanctions through their own laws.

The Russia (Sanctions) (Overseas Territories) (Amendment) (No. 2) Order 2024 can be found here.

Authors

Aki Corsoni-Husain
Partner | Funds & Regulatory | London
Juan Pablo Urrutia
Partner | Funds & Regulatory | Cayman Islands
Mirza Manraj Harneys front portrait image on a grey background
Mirza Manraj
Counsel | Funds & Regulatory | Hong Kong
Kimberly Seagojo Harneys front portrait image on a grey background
Kimberly Seagojo
Senior Associate | Funds & Regulatory | British Virgin Islands