delete British overseas territories
This Order amends the Russia (Sanctions) (Overseas Territories) Order 2020 to extend Russia sanctions regulations to British overseas territories. It makes technical modifications replacing 'United Kingdom' and 'Isle of Man' references with 'Territory', shifting authority from the Treasury to local Governors, and adapting definitions (UK entity → Territory entity, non-UK country → non-Territory country) and financial thresholds for territorial application.
Sanctions are a form of economic intervention that restricts voluntary trade, distorts market signals, and cause collateral harm to ordinary citizens in both targeted and imposing nations. This regulation extends compliance burdens to overseas territories without compensating benefit to their residents. The territorial substitution of 'Governor' for 'Treasury' merely shifts bureaucratic control rather than reducing it. As a matter of principle, Britain should not impose sanctions that restrict its own citizens and overseas territory residents from engaging in peaceful commerce — the Corn Laws were repealed precisely because protectionism harms prosperity.