Section 6(7)

In this regulation— “Government of Russia” means— the Presidency of the Russian Federation; public bodies and agencies subordinate to the President of the Russian Federation, including the Administration of the President of the Russian Federation; the Chairman of the Government of the Russian Federation and the deputies of the Chairman of the Government; any Ministry of the Russian Federation; any other public body or agency of the Government of the Russian Federation, including the armed forces and law-enforcement organs of the Russian Federation; the Central Bank of the Russian Federation; “Government of Russia-affiliated entity” means a person, other than an individual— which is owned or controlled directly or indirectly by the Government of Russia (within the meaning of regulation 7), in which the Government of Russia holds directly or indirectly a minority interest, which receives, or has received, financing, directly or indirectly, from the Russian Direct Investment Fund or the National Wealth Fund, or which otherwise obtains a financial benefit or other material benefit from the Government of Russia; “immediate family member” means— a wife or husband; a civil partner; a parent or step-parent; a child or step-child; a sibling or step-sibling; a niece or nephew; an aunt or uncle; a grandparent; a grandchild. “minority interest” means any shareholding, voting right or right to appoint or remove members of the board of directors which does not meet the condition set out in regulation 7(2); “relevant provision” means— any provision of Part 3 (Finance) or Part 5 (Trade); any provision of the law of a country other than the United Kingdom made for purposes corresponding to a purpose of any provision of Part 3 or Part 5; “sector of strategic significance to the Government of Russia” means— the Russian chemicals sector; the Russian construction sector; the Russian defence sector; the Russian electronics sector; the Russian energy sector; the Russian extractives sector; the Russian financial services sector. the Russian information, communications and digital technologies sector; the Russian transport sector.

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