Section 18B(2)

The activities in this paragraph are— directly acquiring any ownership interest in land located in Russia; indirectly acquiring any ownership interest in land located in Russia for the purpose mentioned in paragraph (3); directly acquiring any ownership interest in or control over a person, other than an individual, connected with Russia; indirectly acquiring any ownership interest in or control over a person, other than an individual, connected with Russia for the purpose mentioned in paragraph (3); directly or indirectly acquiring any ownership interest in or control over a relevant entity for the purpose mentioned in paragraph (3); directly or indirectly establishing any joint venture with a person connected with Russia; opening a representative office or establishing a branch or subsidiary located in Russia; or providing investment services directly related to an activity referred to in sub-paragraphs (a) to (g).

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Source: legislation.gov.uk · retrieved 2026-08-30