Section 46Z11

The import of gold originating in Russia is prohibited, where that gold has been exported from Russia on or after the relevant day. For the purposes of these Regulations, gold has been exported from Russia when— it has completed the applicable export formalities; and where the gold was transported by— land, it has left Russian territory; sea, the ship on which it was transported has departed a port in Russia for a destination outside of Russia; air, the aircraft on which it was transported has departed an airport in Russia for a destination outside of Russia. Paragraph (1) is subject to Part 7 (Exceptions and licences).

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