Document ID: chunk:federal_register_of_legislation:F2024C01132:reg:5c
Version: federal_register_of_legislation:F2024C01132
Segment Type: reg
Provision Reference: reg 5C
Character Range: 41429–42305

5C  Sanctioned commercial activity—specified Ukraine regions
 (1) For these Regulations, sanctioned commercial activity also means:
 (a) the granting by a person of any financial loan or credit; or
 (b) the establishment by a person of a joint venture;
relating to:
 (c) the creation, acquisition or development of infrastructure in any of the following sectors in a specified Ukraine region:
 (i) transport;
 (ii) telecommunications;
 (iii) energy; or
 (d) the exploitation of oil or gas, or of mineral resources specified by the Minister in an instrument under this regulation, in a specified Ukraine region.
 (2) For these Regulations, sanctioned commercial activity also means the acquisition or extension by a person of an interest in an enterprise that was established in a specified Ukraine region and is engaged in an activity referred to in paragraph (1)(c) or (d).