Legalize / European Union / Regulation

Council Regulation (EU) No 833/2014 of 31 July 2014 concerning restrictive measures in view of Russia's actions destabilising the situation in Ukraine

Type Regulation

Publication 2014-07-31

Last updated 2026-07-24

State In force

Department Council of the European Union

Source EUR-Lex

articles 110

Reform history JSON API

Importers shall, at the moment of importation into the Union, provide evidence that the products had initially been imported into the third country before the date of applicability of the respective prohibition for products falling under CN codes 7102 10 00, 7102 31 00 and 7104 21 00. For products falling under CN codes 7102 39 00 and 7104 91 00, as well as for products listed in Part C of Annex XXXVIIIA, importers shall, at the moment of importation, provide evidence that the products had been finally processed or manufactured in the third country, or had been physically located in a processed or manufactured state in the third country before the date of applicability of the respective prohibition.

13.

The prohibitions in paragraphs 4 and 5 shall not apply to products listed in Part C of Annex XXXVIIIA manufactured before 1 September 2024, and related services if those products were temporarily imported into the Union from any third country or territory other than Russia, or imported after a temporary exportation to any third country or territory other than Russia, provided that those products were placed under the temporary admission, inward processing, outward processing or temporary export customs procedures when entering or exiting the Union.

Article 3q

It shall be prohibited for any national of a Member State, natural person residing in a Member State, and any legal person, entity or body which is established in the Union to sell, or otherwise transfer ownership, directly or indirectly, of tanker vessels for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 , whether or not originating in the Union, to any natural or legal person, entity or body in Russia or for use in Russia.

Without prejudice to the prohibition in paragraph 1, any national of a Member State, any natural person residing in a Member State, and any legal person, entity or body which is established in the Union that sells or otherwise transfers the ownership, to persons, entities and bodies in any third country, directly or indirectly, of tanker vessels for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 , whether or not those products originate in the Union, shall:

(a) take appropriate steps, proportionately to their nature and size, to identify and assess the risks of retransfer to Russia or for use in Russia, and ensure that those risk assessments are documented and kept up-to-date;

(b) implement appropriate policies, controls and procedures, proportionately to their nature and size, to mitigate and manage effectively the risks of retransfer to Russia or for use in Russia.

Natural and legal persons, entities or bodies referred to in paragraph 2 acquiring the tanker vessels shall provide all the information necessary for the completion of the steps referred to in paragraph 2, point (a).

Any sale or other arrangement entailing a transfer of ownership by a national of a Member State, a natural person residing in a Member State, or a legal person, entity or body which is established in the Union to any third country of tanker vessels for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 , with the exception of a sale or other transfer of ownership prohibited under paragraph 1, shall be notified immediately to the competent authorities of the Member State where the owner of the vessel is a citizen, a resident or is established.

The notification to the competent authority shall contain at least the following information: the identities of the seller and the purchaser and, where applicable, the incorporation documents of the seller and the purchaser including the shareholding and management; the IMO ship identification number of the vessel; and the Call Sign of the vessel.

Any sale or other arrangement entailing a transfer of ownership by a national of a Member State, by a natural person residing in a Member State or by a legal person, entity or body which is established in the Union to any third country of a tanker vessel for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 shall contain a written contractual prohibition on any further resale or transfer of the vessel to any natural or legal person, entity or body in Russia or for use in Russia.

The sale or other arrangement referred to in paragraph 5 shall also include written contractual provisions by which the third-country party acquiring the vessel:

(i) commits to mirroring the prohibition in paragraph 5 in any further resale or transfer that it may undertake; and

(ii) obliges, in any further resale or transfer, the acquirer of the vessel to include written contractual provisions equivalent to those required by paragraph 5 and this paragraph.

The Member State concerned shall inform the other Member States and the Commission of any notification under paragraph 4, within two weeks of the notification.

Article 3qa

Any sale or other arrangement entailing a transfer of ownership by a national of a Member State, by a natural person residing in a Member State or by a legal person, entity or body which is established in the Union to any third country of an LNG tanker vessel falling under CN code ex 8901 20 shall be notified immediately to the competent authorities of the Member State where the owner of the vessel is a citizen, a resident or is established.

The notification to the competent authority shall contain at least the following information:

(a) the identities of the seller and the purchaser;

(b) where applicable, the incorporation documents of the seller and the purchaser, including the shareholding and management;

(d) the Call Sign of the vessel.

The Member State concerned shall inform the other Member States and the Commission of any notification under paragraph 1, within one week of the notification.

On the basis of an assessment by the Commission of the information provided under paragraphs 1 and 2, the Council shall review by 25 October 2026 whether a prohibition as provided for in paragraphs 4 to 9 should enter into force.

From the date decided by the Council under paragraph 10, it shall be prohibited for any national of a Member State, any natural person residing in a Member State and any legal person, entity or body which is established in the Union to sell, or otherwise transfer ownership, directly or indirectly, of liquified natural gas (LNG) tanker vessels falling under CN code ex 8901 20 to any natural or legal person, entity or body in Russia or for use in Russia.

In accordance with paragraph 4, any national of a Member State, any natural person residing in a Member State and any legal person, entity or body which is established in the Union that sells or otherwise transfers the ownership, to persons, entities and bodies in any third country, directly or indirectly, of an LNG tanker vessel falling under CN code ex 8901 20 shall:

(a) take appropriate steps, proportionately to their nature and size, to identify and assess the risks of onward diversion to a natural or legal person, entity or body in Russia or for use in Russia;

(b) implement appropriate policies, controls and procedures, proportionately to their nature and size, to mitigate and manage effectively the risks referred to in point (a).

Natural and legal persons, entities or bodies referred to in paragraph 5 acquiring LNG tanker vessels shall provide all the information necessary for the completion of the steps referred to in point (a) of that paragraph.

The steps referred to in paragraph 5, point (a), shall address all relevant information available at the time of the sale or transfer.

Any sale or other arrangement entailing a transfer of ownership by a national of a Member State, by a natural person residing in a Member State or by a legal person, entity or body which is established in the Union to any third country of an LNG tanker vessel falling under CN code ex 8901 20 shall contain a written contractual prohibition on any further resale or transfer of the vessel to any natural or legal person, entity or body in Russia or for use in Russia.

The sale or other arrangement referred to in paragraph 8 shall also include written contractual provisions by which the third-country party acquiring the vessel:

(a) commits to mirroring the prohibition in paragraph 8 in any further resale or transfer that it undertakes; and

(b) obliges, in any further resale or transfer, the acquirer of the vessel to include written contractual provisions equivalent to those required by paragraph 8 and this paragraph.

10.

Paragraphs 4 to 9 shall apply from the date of entry into force of a Regulation to be adopted by the Council, upon a joint proposal from the High Representative and the Commission, based on the assessment carried out by the Commission referred to in paragraph 3.

Article 3r

It shall be prohibited to provide reloading services in the territory of the Union for the purposes of transshipment operations of liquified natural gas falling under CN code 2711 11 00, originating in Russia or exported from Russia.

It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services, financing or financial assistance related to the prohibition in paragraph 1.

By way of derogation from the prohibitions in paragraphs 1 and 2, the competent authorities may authorise reloading services for the purposes of transshipment operations of liquified natural gas falling under CN code 2711 11 00, originating in Russia or exported from Russia, if such reloading is necessary for its transport to a Member State and such Member State has confirmed that the transshipment is used to ensure the energy supply in that Member State.

In order to ensure compliance with the prohibitions in paragraphs 1 and 2, the competent authorities may establish rules and guidance at national level. Such rules and guidance shall include enhanced due diligence requirements in particular for the identification of reloading services provided for the purpose of transhipment operations, taking into account specificities of the national regulatory framework applicable to liquified natural gas facilities, previous business practices of shippers, the time between the unloading and reloading, indications of direct commercial connections between the unloading and reloading, including the purchase of new unloading and reloading services in bundle, and the country of registration of the economic operators involved.

The competent authorities shall inform the Commission, at the latest by 26 December 2024, of the rules and guidance established under paragraph 4, or that they do not intend to establish such rules.

The prohibitions in paragraphs 1 and 2 shall not apply until 26 March 2025 for the execution of contracts concluded before 25 June 2024.

Legal persons performing unloading operations of liquified natural gas falling under CN code 2711 11 00, originating in Russia or exported from Russia, shall inform by 26 July 2024 and every month thereafter the competent authority of the Member State where they are located of all unloading operations and imports into the Union of liquified natural gas, falling under CN code 2711 11 00, originating in Russia or exported from Russia. The reporting shall include information on volumes.

The Member State concerned shall provide the Commission with the information received.

Paragraph 2 shall not apply in the case of a vessel in need of assistance seeking a place of refuge, of an emergency port call for reasons of maritime safety, or for saving life at sea or for the urgent prevention or mitigation of an event likely to have a serious and significant impact on human health and safety or the environment, or as a response to natural disasters.

The prohibitions in paragraphs 1 and 2 shall not apply to reloading services necessary for the bunkering of liquified natural gas fuelled vessels.

9a. The prohibitions in paragraphs 1 and 2 shall not apply to reloading services for the purposes of transshipment operations of liquified natural gas falling under CN code 2711 11 00, originating in Russia or exported from Russia, if such reloading is necessary for its transport between ports of the same Member State, including from the mainland of a Member State to its outermost regions.

10.

The Commission shall monitor liquefied natural gas flows, markets and prices, Union competitiveness, and the share of Russian liquefied natural gas imports in the total energy imports of the Union. It shall report to the Council in the event of any important developments linked to the prohibitions in paragraphs 1 and 2, and at the latest by 26 June 2025. The Council shall take those reports into account for the review of the restrictive measures.

11.

In the event of important developments linked to the prohibitions in paragraphs 1 and 2, affecting liquefied natural gas flows, markets, prices, Union competitiveness or the share of Russian liquefied natural gas imports in the total energy imports of the Union, the Commission shall propose mitigating measures to the Council, accompanied by an assessment of their impact.

Article 3ra

It shall be prohibited, as of 25 April 2026, to purchase, import or transfer, directly or indirectly, liquified natural gas falling under CN code 2711 11 00, if it originates in Russia or is exported from Russia.

Paragraph 1 shall apply as of 1 January 2027 in case the purchase, import or transfer is executed under a contract for the supply of liquified natural gas, excluding a natural gas derivative, the duration of which contract exceeds one year and which contract was concluded before 17 June 2025 and where that contract was not amended thereafter, unless the amendment is limited to:

(a) lowering contracted quantities;

(b) lowering prices and fees;

(d) amending operational procedures, such as communication procedures;

(e) changes of addresses of contract parties;

(f) transfers of contractual obligations between affiliated undertakings;

(g) changes required by judicial or arbitration procedures or,

(h) for landlocked countries, changes between national delivery points.

It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services, financing or financial assistance or any other services related to the prohibition in paragraph 1.

In accordance with Articles 13 and 14, the prohibitions in paragraphs 1 and 3 shall be complied with regardless of any provision pursuant to other Union legislation with overlapping scope.

The prohibitions in paragraphs 1, 2 and 3 of this Article shall not apply to the transport by vessel, or to technical assistance, brokering services, financing or financial assistance related to such transport, of the products listed in Part B of Annex XXIX to the third countries mentioned therein, for the duration specified in that Annex.

Without prejudice to paragraph 5, paragraph 1 shall not apply until 25 July 2027 and thereafter for successive periods of one year, unless the Council following an annual review decides otherwise, to transfers and, where relevant, purchases related to those transfers that are destined for third countries when both the transfer and the purchase are executed under contracts concluded before 24 February 2022, the duration of which exceeds one year and which were not amended after that date, unless such amendment is limited to:

(a) lowering contracted quantities;

(b) for purchase contracts, lowering prices and fees;

(d) amending operational procedures, such as communication procedures;

(e) changes of addresses of contract parties;

(f) transfers of contractual obligations between affiliated undertakings;

(g) changes required by judicial or arbitration procedures; or

(h) for purchase contracts, for landlocked countries, changes between national delivery points.

The temporary exemption to the prohibition in paragraph 1 of this Article to transfers of LNG, as set out in the first subparagraph of this paragraph, shall only apply in a given year up to the yearly volume of LNG originating in or exported from Russia in 2025 transferred by a natural or legal person, entity or body referred to in Article 13 under the existing long-term contracts of that person, entity or body, as specified in the first subparagraph of this paragraph, irrespective of its destination. Natural or legal persons, entities and bodies transferring LNG originating in or exported from Russia to third countries shall report the relevant historical volumes to the competent authorities of the Member State in which they are established by 25 August 2026, and that Member State shall report that information to the Commission without undue delay.

The measures provided for in this paragraph shall be kept under regular review.

By 25 June 2027 and every 12 months thereafter, the Commission shall submit to the Council an assessment of the measures provided for in this paragraph. That assessment may be submitted at an earlier date where deemed justified by the Commission.

Acting on the basis of the Commission’s assessment, the Council shall on an annual basis and without undue delay review the functioning of the measures provided for in this paragraph in the light of their economic effects and the objectives of this Regulation.

Following its review, the Council may decide, upon a joint proposal from the High Representative and the Commission to shorten, extend or terminate the temporary exemption in this paragraph, taking into account the effectiveness of the prohibition in this Article as well as the specific situations of certain Member States and the economic circumstances of the natural or legal persons, entities and bodies referred to in Article 13.

By 25 August 2026 and every three months thereafter, natural or legal persons, bodies and entities referred to in Article 13 that transfer or purchase in relation to that transfer LNG originating in or exported from Russia to third countries shall report to the competent authorities of the Member State in which they are established at least the following information with respect to each shipment, as available, for a transfer or purchase related to that transfer, which that Member State shall report to the Commission without undue delay:

(a) cargo reference number or bill of lading number;

(b) vessel IMO number, name, flag state and carrier type;

(d) final destination;

(e) volume loaded and discharged;

(f) contract duration;

(g) contract value per cargo and gross revenue associated with each shipment;

(h) name of purchaser and ultimate beneficiary;

(i) name of seller and shipper.

Member States and the Commission shall ensure the protection of confidential information acquired in the application of this Article in accordance with Union law and relevant national law.

Member States and the Commission shall ensure that classified information provided or exchanged pursuant to this Article is not downgraded or declassified without the prior written consent of the originator of that classified information.

Article 3rb

From 1 January 2027, it shall be prohibited to provide, directly or indirectly, LNG terminal services to any natural or legal person, entity or body in Russia, or to any legal person, entity or body which is more than 50 % owned, or which is controlled directly or indirectly, by a Russian citizen or by a legal person, entity or body in Russia.

It shall be prohibited to maintain contracts concerning prohibited LNG services pursuant to this Article after 1 January 2027.

Article 3s

In relation to any vessel listed in Annex XLII, it shall be prohibited to, directly or indirectly:

(a) provide access to ports, anchorage zones and locks in the territory of the Union, and for such a vessel to access them;

(b) import into the Union, purchase or transfer such a vessel;

(d) operate or crew such a vessel;

(e) provide flag registration for the benefit of such a vessel;

(f) provide financing and financial assistance, including insurance and reinsurance, as well as brokering services, including ship brokering;

(g) provide technical assistance and other services including bunkering, ship supply services, crew changes services, cargo loading and discharge services, fendering and tug services to the benefit of such a vessel; and

(h) engage in ship-to-ship transfers or any other transfer of cargo with, or procure any services from, such a vessel.

Annex XLII shall include vessels that:

(a) transport goods and technology used in the defence and security sector, from or to Russia, for use in Russia or for Russia’s warfare in Ukraine;

(b) transport crude oil or petroleum products as listed in Annex XXV or mineral products that originate in Russia or are exported from Russia and practice irregular and high-risk shipping practices as set out in the International Maritime Organisation General Assembly resolution A.1192(33);

(c) are operated in such a way as to contribute or support actions or policies for the exploitation, development or expansion of the energy sector in Russia, including energy infrastructure;

(d) are operated in such a way as to contribute or support actions or policies which undermine or threaten the economic subsistence or food security of Ukraine, such as the transport of stolen Ukrainian grain, or the preservation of cultural heritage of Ukraine, such as the transport of stolen Ukrainian cultural goods;

(e) transport goods originating in or exported from the Union listed in Annexes XI, XX and XXIII of this Regulation, or goods originating in Russia or exported from Russia and imported into the Union listed in Annex XXI of this Regulation and thereby enabling Russia’s actions destabilising the situation in Ukraine;

(f) are operated in such a way as to facilitate or engage in the violation or circumvention or otherwise significantly frustrate the provisions of this Regulation or of Regulations (EU) No 269/2014, (EU) No 692/2014 or (EU) 2022/263; or

(g) are owned, chartered or operated by natural or legal persons, entities or bodies listed in Annex I to Regulation (EU) No 269/2014, are otherwise used in the name of, on behalf of, in relation with or for the benefit of such persons;

(h) provide services to vessels designated under points (a) to (g), such as bunkering services and tug services; or

(i) carry out ship-to-ship transfers with vessels designated under points (a) to (h).

Paragraph 1 shall not apply in the case of a vessel, as listed in Annex XLII, in need of assistance seeking a place of refuge, of an emergency port call for reasons of maritime safety, or for saving life at sea, or for humanitarian purposes, or for the urgent prevention or mitigation of an event likely to have a serious and significant impact on human health and safety or the environment, or as a response to natural disasters, or for the recognition or enforcement of a judgment or an arbitration award rendered in a Member State, or for the purposes of an investigation into infringements of the provisions of this Regulation or into other illicit activity.

3a. By way of derogation from paragraph 1, the competent authorities of a Member State may authorise the carrying out of the operations referred to in points (a) to (g) of paragraph 1, in respect of a vessel listed in Annex XLII after having determined that:

(a) the vessel is intended to be recycled; and

(b) the operations in question are necessary for the vessel to proceed to her recycling facility, for any relevant activities of the recycling facility in relation to the vessel, or for payments related to the recycling.

By way of derogation from points (a) and (g) of paragraph 1, the competent authorities of an island Member State may authorise a vessel listed in Annex XLII under paragraph 2(e), to access ports and anchorage zones, and receive services under paragraph 1(g) under such conditions as they deem appropriate, after having determined that:

(a) the goods are strictly necessary to satisfy basic needs of that Member State; and

(b) the import of such goods is not otherwise prohibited under this Regulation.

The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under paragraphs 3a and 4 within two weeks of the authorisation.

Article 3sa

It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services or financing or financial assistance, related to any ice-breaker vessel falling under CN code ex 8906 90 or to any liquified natural gas (LNG) tanker vessel falling under CN code ex 8901 20 , where such vessel is registered under the flag of Russia, is certified by the Russian Maritime Register of Shipping, is owned or managed by any Russian natural or legal person, entity or body, is operating in Russia, or is for use in Russia.

Paragraph 1 shall apply only from 25 April 2026 to LNG tanker vessels falling under CN code ex 8901 20 registered under the flag of Russia, certified by the Russian Maritime Register of Shipping, or owned or managed by any Russian natural or legal person, entity or body.

Paragraph 1 shall apply only from 1 January 2027 to LNG tanker vessels falling under CN code ex 8901 20 operating in Russia or for use in Russia, other than those registered under the flag of Russia, certified by the Russian Maritime Register of Shipping, or owned or managed by any Russian natural or legal person, entity or body.

Paragraph 1 shall not apply in the case of a vessel in need of assistance seeking a place of refuge, of an emergency port call for reasons of maritime safety, or for saving life at sea or for the urgent prevention or mitigation of an event likely to have a serious and significant impact on human health and safety or the environment, or as a response to natural disasters.

Article 3t

It shall be prohibited to sell, supply, transfer, or export, directly or indirectly, goods and technology and to provide, directly or indirectly, services to any natural or legal person, entity or body in Russia when such goods, technology and services are for the completion of liquefied natural gas projects such as terminals and plants or for the completion of crude oil projects in Russia, such as exploration and production projects.

It shall be prohibited to:

(a) provide, directly or indirectly, technical assistance or brokering services related to goods, technology and services in Russia when such goods, technology and services are intended for the completion of liquefied natural gas projects or crude oil projects as referred to in paragraph 1;

(b) provide, directly or indirectly, financing or financial assistance related to goods, technology and services in Russia when such goods, technology and services are intended for the completion of liquefied natural gas projects or crude oil projects as referred to in paragraph 1.

The prohibitions in paragraphs 1 and 2 relating to crude oil projects shall be without prejudice to the execution until 26 May 2025 of contracts concluded before 25 February 2025, or of ancillary contracts necessary for the execution of such contracts.

The prohibition in paragraphs 1 and 2 shall not apply to oil production projects where regular commercial production was established prior to 25 February 2025.

Article 3u

It shall be prohibited to purchase, import or transfer, directly or indirectly, liquified natural gas falling under CN code 2711 11 00, originating in Russia or exported from Russia, through liquefied natural gas terminals in the Union that are not connected to the interconnected natural gas system.

It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services, financing or financial assistance or any other services related to the prohibition in paragraph 1.

The prohibitions in paragraphs 1 and 2 shall not apply until 26 July 2024 to contracts concluded before 25 June 2024 or ancillary contracts necessary for the execution of such contracts.

The prohibitions in paragraphs 1 and 2 shall not affect the supply of liquefied natural gas of Russian origin from the mainland of a Member State to its outermost regions.

By way of derogation from the prohibitions in paragraphs 1 and 2, the competent authority of a Member State where a liquified natural gas terminal is not connected to the interconnected natural gas system may authorise the purchase, import or transfer of liquified natural gas falling under CN code 2711 11 00, originating in Russia or exported from Russia, after having determined that:

(a) the liquified natural gas is purchased, imported or transferred from a terminal located in another Member State and the terminal is connected to the interconnected natural gas system; and

(b) the purchase, import or transfer is used to ensure energy supply.

The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under this paragraph within two weeks of the authorisation.

By way of derogation from the prohibitions in paragraphs 1 and 2, the competent authority of a Member State that is not directly connected to the interconnected natural gas system of any other Member State and which received the first commercial supply of its first long-term natural gas supply contract after 20 July 2025 may authorise the purchase, import or transfer of liquified natural gas falling under CN code 2711 11 00 , originating in Russia or exported from Russia, after having determined that the purchase, import or transfer is used to ensure its energy supply.

The Member State concerned shall inform the other Member States and the Commission of any authorisation granted under this paragraph within two weeks of the authorisation.

Article 3v

It shall be prohibited to purchase, import, transfer, sell, supply or export, directly or indirectly, Ukrainian cultural property goods and other goods of archaeological, historical, cultural, rare scientific or religious importance, where there are reasonable grounds to suspect that the goods have been removed from Ukraine without the consent of their legitimate owner or have been removed in breach of Ukrainian law or international law, in particular if the goods form an integral part of the public collections listed in the inventories of the conservation collections of Ukrainian museums, archives or libraries, or of the inventories of Ukrainian religious institutions.

It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services, financing or financial assistance or any other services related to the prohibition in paragraph 1.

The prohibition in paragraphs 1 and 2 shall not apply if it is demonstrated that:

(a) the goods were exported from Ukraine prior to 1 March 2014; or

(b) the goods are being safely returned to their legitimate owners in Ukraine.

Article 4

It shall be prohibited to:

(a) sell, supply, transfer or export, directly or indirectly, the goods and technology listed in the Common Military List of the European Union ([^E0024]) (the ‘Common Military List’), whether or not originating in the Union, to any natural or legal person, entity or body in Russia or for use in Russia;

(b) provide, directly or indirectly:
(i) technical assistance, brokering services or other services related to military activities or to the goods and technology listed in the Common Military List, or related to the provision, manufacture, maintenance and use of goods included in that list, to any natural or legal person, entity or body in Russia or for use in Russia;
(ii) financing or financial assistance related to military activities or to the sale, supply, transfer or export of the goods and technology listed in the Common Military List, or the provision of related technical assistance, brokering services or other services, to any natural or legal person, entity or body in Russia or for use in Russia;

(c) purchase, import or transport, directly or indirectly, the goods and technology listed in the Common Military List into the Union if they originate in Russia or are exported from Russia.

The prohibitions in paragraph 1 shall be without prejudice to:

(a) the import, purchase or transport related to:
(i) the provision of spare parts and services necessary for the maintenance and safety of existing capabilities within the Union; or
(ii) the execution of contracts concluded before 1 August 2014, or ancillary contracts necessary for the execution of such contracts; or
(iii) the military forensic analysis of items originating in Russia recovered from Ukraine; or

(b) the sale, supply, transfer or export of, or the provision of related financing or financial assistance, technical assistance, brokering services or other services for, spare parts and services necessary for the maintenance, repair and safety of existing capabilities within the Union.

2a. The prohibitions in paragraph 1 shall not apply to:

(a) the sale, supply, transfer or export, or the provision of related financing or financial assistance, technical assistance, brokering services or other services, and to the import, purchase or transport of hydrazine (CAS 302-01-2) in concentrations of 70 % or more, provided that the amount of hydrazine is calculated in accordance with the launch or launches or the satellites for which it is made, and which does not exceed a total quantity of 800 kg for each individual launch or satellite;

(b) the import, purchase or transport of unsymmetrical dimethyl hydrazine (CAS 57-14-7);

(c) the sale, supply, transfer or export and to the import, purchase or transport of monomethyl hydrazine (CAS 60-34-4), provided that the amount of monomethyl hydrazine is calculated in accordance with the launch or launches or the satellites for which it is made.

insofar as the substances referred to in points (a), (b) and (c) are destined for the use of launchers operated by European launch service providers, for the use of launches of European space programmes, or for the fuelling of satellites by European satellites manufacturers.

2aa. The prohibitions in paragraph 1 shall not apply to the sale, supply, transfer or export, or the provision of related financing or financial assistance, technical assistance, brokering services or other services, and the import, purchase or transport of hydrazine (CAS 302-01-2) in concentrations of 70 % or more destined for:

(a) the tests and flight of the ExoMars descent module in the framework of the ExoMars 2020 mission, in an amount calculated in accordance with the needs of each phase of that mission, which does not exceed a total of 5 000 kg for the entire duration of the mission; or

(b) the flight of the ExoMars carrier module in the framework of the ExoMars 2020 mission, in an amount calculated in accordance with the needs of the flight, which does not exceed a total of 300 kg.

2b. The operations referred to in paragraphs 2a and 2aa shall be subject to prior authorisation by the competent authorities.

Applicants for authorisation shall supply the competent authorities with all relevant information required.

The competent authorities shall inform the Commission of all the authorisations granted.

3a. The prohibitions in paragraph 1 shall not apply to the sale, supply, transfer or export of the goods and technology referred to in paragraph 1b of Article 3k, or to the provision of related financing or financial assistance, technical assistance, brokering services or other services, for non-military use and for a non-military end-user, intended for health emergencies, the urgent prevention or mitigation of an event likely to have a serious and significant impact on human health and safety or the environment, or as a response to natural disasters.

3b. By way of derogation from paragraph 1, the competent authorities may authorise, under the conditions they deem appropriate, the sale, supply, transfer or export of the goods and technology listed in paragraph 1b of Article 3k, or the provision of related financing or financial assistance, technical assistance, brokering services or other services, after having determined that such goods or technology or the provision of related financing or financial assistance, technical assistance, brokering services or other services are necessary for:

(a) medical or pharmaceutical purposes, or for humanitarian purposes, such as delivering or facilitating the delivery of assistance, including medical supplies, food, or the transfer of humanitarian workers and related assistance or for evacuations;

(b) the exclusive use and under the full control of the authorising Member State and in order to fulfil its maintenance obligations in areas which are under a long-term lease agreement between that Member State and the Russian Federation;

(c) the establishment, operation, maintenance, fuel supply and retreatment and safety of civil nuclear capabilities, and the continuation of design, construction and commissioning required for the completion of civil nuclear facilities, the supply of precursor material for the production of medical radioisotopes and similar medical applications, or critical technology for environmental radiation monitoring, as well as for civil nuclear cooperation, in particular in the field of research and development; or

(d) the production of titanium goods required in the aeronautic industry, for which no alternative supply is available.

Paragraphs 3a and 3b are without prejudice to the exemptions and derogations laid out in Article 3k, and in particular paragraphs 4a, 5 and 5b thereof.

Article 5

It shall be prohibited to directly or indirectly purchase, sell, provide investment services for or assistance in the issuance of, or otherwise deal with transferable securities and money-market instruments with a maturity exceeding 90 days, issued after 1 August 2014 to 12 September 2014, or with a maturity exceeding 30 days, issued after 12 September 2014 to 12 April 2022 or any transferable securities and money market instruments issued after 12 April 2022 by:

(a) a major credit institution, or other major institution having an explicit mandate to promote competitiveness of the Russian economy, its diversification and encouragement of investment, established in Russia with over 50 % public ownership or control as of 1 August 2014, as listed in Annex III; or

(b) a legal person, entity or body established outside the Union whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in Annex III; or

(c) a legal person, entity or body acting on behalf or at the direction of an entity referred to in point (b) of this paragraph or listed in Annex III.

It shall be prohibited to directly or indirectly, purchase, sell, provide investment services for or assistance in the issuance of, or otherwise deal with transferable securities and money-market instruments issued after 12 April 2022 by:

(a) any major credit institution, or other institution with over 50 % public ownership or control as of 26 February 2022 or any other credit institution having a significant role in supporting the activities of Russia, its government or the Central Bank and established in Russia, as listed in Annex XII; or

(b) a legal person, entity or body established outside the Union whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in Annex XII; or

(c) a legal person, entity or body acting on behalf or at the direction of an entity referred to in point (a) or (b) of this paragraph.

It shall be prohibited to directly or indirectly purchase, sell, provide investment services for or assistance in the issuance of, or otherwise deal with transferable securities and money-market instruments with a maturity exceeding 30 days, issued after 12 September 2014 to 12 April 2022 or any transferable securities and money market instruments issued after 12 April 2022 by:

(a) a legal person, entity or body established in Russia predominantly engaged, and with major activities, in the conception, production, sales or export of military equipment or services, as listed in Annex V, except legal persons, entities or bodies active in the space or the nuclear energy sectors;

(b) a legal person, entity or body established in Russia, which is publicly controlled or with over 50 % public ownership and having estimated total assets of over RUB 1 trillion and whose estimated revenues originate for at least 50 % from the sale or transportation of crude oil or petroleum products, as listed in Annex VI;

(c) a legal person, entity or body established outside the Union whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in point (a) or (b) of this paragraph; or

(d) a legal person, entity or body acting on behalf or at the direction of an entity referred to in point (a), (b) or (c) of this paragraph.

(a) a legal person, entity or body established in Russia, which is publicly controlled or with over 50 % public ownership and in which Russia, its Government or Central Bank has the right to participate in profits or with which Russia, its Government or Central Bank has other substantial economic relationships, as listed in Annex XIII; or

(b) a legal person, entity or body established outside the Union whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed Annex XIII; or

(c) a legal person, entity or body acting on behalf or at the direction of an entity referred to in point (a) or (b) of this paragraph.

It shall be prohibited to list and provide services for, as of 12 April 2022, and to admit to trading as of 29 January 2023, on trading venues registered or recognised in the Union, the transferable securities of any legal person, entity or body established in Russia and with over 50 % public ownership.

It shall be prohibited to directly or indirectly make or be part of any arrangement to make:

(i) new loans or credit with a maturity exceeding 30 days to any legal person, entity or body referred to in paragraph 1 or 3, after 12 September 2014 to 26 February 2022; or

(ii) any new loans or credit to any legal person, entity or body referred to in paragraph 1, 2, 3 or 4 after 26 February 2022.

The prohibition shall not apply to:

(a) loans or credit that have a specific and documented objective to provide financing for non-prohibited imports or exports of goods and non-financial services between the Union and any third State, including the expenditure for goods and services from another third State that is necessary for executing the export or import contracts, provided that the national competent authority has been notified within three months of the date of the loan or credit; or

(b) loans that have a specific and documented objective to provide emergency funding to meet solvency and liquidity criteria for legal persons established in the Union, whose proprietary rights are owned for more than 50 % by any entity referred to in Annex III, provided that the national competent authority has been notified within three months of the date of the loan or credit.

The prohibition in paragraph 6 shall not apply to drawdown or disbursements made under a contract concluded before 26 February 2022, provided that the following conditions are met:

(a) all the terms and conditions of such drawdown or disbursements:
(i) were agreed before 26 February 2022; and
(ii) have not been modified on or after that date;

(b) before 26 February 2022, a contractual maturity date has been fixed for the repayment in full of all funds made available and for the cancellation of all the commitments, rights and obligations under the contract;
(c) at the time of its conclusion the contract was not in breach of the prohibitions in this Regulation in force at that time; and
(d) the national competent authority has been notified within three months of the date of the drawdown or disbursements.

The terms and conditions of drawdowns and disbursements referred to in point (a) include provisions concerning the length of the repayment period for each drawdown or disbursement, the interest rate applied or the interest rate calculation method, and the maximum amount.

Article 5a

(a) Russia and its government; or

(b) the Central Bank of Russia; or

It shall be prohibited to directly or indirectly make or be part of any arrangement to make any new loans or credit to any legal person, entity or body referred to in paragraph 1 after 23 February 2022.

The prohibition shall not apply to loans or credit that have a specific and documented objective to provide financing for non-prohibited imports or exports of goods and non-financial services between the Union and any third State, including the expenditure for goods and services from another third State that is necessary for executing the export or import contracts, provided that the national competent authority has been notified within three months of the date of the loan or credit.

The prohibition in paragraph 2 shall not apply to drawdown or disbursements made under a contract concluded before 23 February 2022 provided that the following conditions are met:

(a) all the terms and conditions of such drawdown or disbursements:
(i) were agreed before 23 February 2022; and
(ii) have not been modified on or after that date;

(b) before 23 February 2022 a contractual maturity date has been fixed for the repayment in full of all funds made available and for the cancellation of all the commitments, rights and obligations under the contract; and

Transactions related to the management of reserves as well as of assets of the Central Bank of Russia, including transactions with any legal person, entity or body acting on behalf of, or at the direction of, the Central Bank of Russia, such as the Russian National Wealth Fund, are prohibited.

4a. Notwithstanding the applicable rules concerning reporting, confidentiality and professional secrecy, natural and legal persons, entities and bodies, including the European Central Bank, national central banks, financial sector entities as defined in Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council ([^E0025]), insurance and reinsurance undertakings as defined in Article 13 of Directive 2009/138/EC of the European Parliament and of the Council ([^E0026]), central securities depositories as defined in Article 2 of Regulation (EU) No 909/2014 and central counterparties as defined in Article 2 of Regulation (EU) No 648/2012 of the European Parliament and of the Council ([^E0027]) shall provide, no later than two weeks after 26 February 2023, to the competent authority of the Member State where they are resident or located, and simultaneously to the Commission, information on the assets and reserves referred to in paragraph 4 of this Article which they hold or control or are a counterparty to. Such information shall be updated every three months and shall at least cover the following:

(a) information identifying the natural or legal persons, entities or bodies owning, holding or controlling such assets and reserves, including the name, address and VAT registration or tax identification number;

(b) the amount or market value of such assets and reserves at the date of reporting and at the date of immobilisation;

(c) types of the assets and reserves, broken down according to the categories set out in points (i) to (vii) of Article 1(g) of Council Regulation (EU) 269/2014 ([^E0028]) as well as crypto-assets and other relevant categories, and an additional category corresponding to economic resources within the meaning of Article 1(d) of Regulation (EU) 269/2014. For each of those categories and where available, relevant features, such as quantity, location, currency, maturity and contractual conditions between the reporting entity and the asset owner shall be indicated.

4b. Where the reporting natural or legal person, entity or body has established an extraordinary and unforeseen loss or damage to the assets and reserves referred to in paragraph 4a, this information shall be reported immediately to the competent authority of the relevant Member State and transmitted simultaneously to the Commission.

4c. Member States, as well as the natural and legal persons, entities and bodies covered by the reporting obligation set out in paragraph 4a, shall cooperate with the Commission in any verification of the information received pursuant to that paragraph. The Commission may request any additional information it requires to carry out such verification. When such a request is addressed to a natural or legal person, entity or body, the Commission shall simultaneously transmit it to the competent authority of the relevant Member State. Any additional information received directly by the Commission shall be made available to the competent authority of the relevant Member State.

4d. Any information provided to or received by the Commission and the competent authorities of the Member States in accordance with this Article shall be used by the Commission and the competent authorities of the Member States only for the purposes for which it was provided or received.

4e. Any processing of personal data shall be carried out in accordance with this Regulation and Regulations (EU) 2016/679 ([^E0029]) and (EU) 2018/1725 ([^E0030]) of the European Parliament and of the Council and only in so far as necessary for the application of this Regulation and to ensure effective cooperation between Member States as well as with the Commission in the application of this Regulation.

By way of derogation from paragraph 4, the competent authorities may authorise a transaction provided that it is strictly necessary to ensure the financial stability of the Union as a whole or of the Member State concerned.

The Member State concerned shall immediately inform the other Member States and the Commission of its intention to grant an authorisation under paragraph 5.

Paragraph 4 shall not apply to any balance sheet management transactions linked to assets and reserves of the Central Bank of Russia, or linked to assets and reserves of any legal person, entity or body acting on behalf of, or at the direction of, the Central Bank of Russia, such as the Russian National Wealth Fund, carried out on or after 28 February 2022.

As of 15 February 2024, and for as long as the restrictive measures set out in paragraph 4 are maintained, central securities depositories within the meaning of Regulation (EU) No 909/2014 holding assets and reserves referred to in paragraph 4 of this Article with a total value exceeding EUR 1 million shall apply the following rules regarding cash balances accumulating exclusively due to the restrictive measures:

(a) those cash balances shall be accounted for separately;

(b) revenues accruing from or generated by the cash balances referred to in point (a) from 15 February 2024 shall be registered separately in the financial accounts of central securities depositories;

(c) without prejudice to paragraphs 9 and 10, net profits determined in respect of revenues referred to in point (b) of this paragraph in accordance with national law, including by deducting all relevant expenses linked to or resulting from the management of the immobilised assets and the risk management associated with the immobilised assets and after deduction of corporate tax under the general regime of the Member State concerned, shall not be disposed of by way of distribution in the form of dividends or in whatever form to the benefit of shareholders or any third party. This prohibition shall not apply to the net profits not constituting the financial contribution referred to in paragraph 9.

The net profits referred to in point (c) of paragraph 8 shall be subject to a financial contribution due by the central securities depositories to the Union.

The rate of the financial contribution shall be 99,7 % of those net profits.

The Commission shall call for financial contributions, in accordance with Regulation (EU, Euratom) 2018/1046 ([^E0031]), from the central securities depositories concerned biannually on the basis of the interim financial report referred to in paragraph 11 of this Article. The Commission shall establish the definitive amounts of the financial contribution due annually on the basis of the statutory audited financial statements for year N after they are available in year N+1. If the definitive annual amount of the financial contribution due for year N is lower than the sum of amounts of the biannual payments made in respect of year N, the difference shall be deducted from the next payment due by the central securities depositories to the Union in the year N+1, including biannual payments and transfer of amounts provisionally retained in accordance with paragraph 10, points (e) and (f). The amount due by the central securities depositories resulting from the netting pursuant to the previous sentence shall not be lower than zero.

The Commission shall inform the Council biannually on the amounts transferred by the CSDs.

10.

(a) Central securities depositories may provisionally retain a share not exceeding 10 % of the financial contribution (‘amounts provisionally retained’), which shall remain due to the Union.

(b) If the share referred to in point (a) is not sufficient in the light of risk management requirements, a central securities depository may submit a request to the national supervisory authority, as designated in accordance with Article 11 of Regulation (EU) No 909/2014, to retain an additional percentage of the financial contribution due. The national supervisory authority shall consult the Commission and, where appropriate, the European Central Bank and shall take a decision accordingly. The national supervisory authority may approve the retention of an additional percentage only after having determined that it is strictly necessary to comply with risk management requirements in view of the impact due to the war in Ukraine with regard to the assets held by central securities depositories. If the national supervisory authority has approved an additional percentage, that percentage shall become definitive in respect of that financial year, unless the Commission decides, within five days after notification, that the additional percentage does not comply with the conditions set out in this point. The Commission may determine a lower additional percentage which constitutes the maximum additional percentage the national supervisory authority may approve. Where, in its notification to the Commission, the national supervisory authority invokes an emergency, the Commmission shall decide within 24 hours after such notification. For the purpose of its decision under this point, the Commission shall consult the European Central Bank. The Commission shall inform the Council without delay of any decision of the national supervisory authority to retain an additional percentage under this point.

(c) Where the Commission considers that the additional percentage referred to in point (b) is no longer strictly necessary to comply with risk management requirements in view of the impact due to the war in Ukraine with regard to the assets held by central securities depositories, the Commission shall, after consulting the national supervisory authority and where appropriate, the European Central Bank, decide on a decrease of such additional percentage. The Commission may adopt a decision under this point not earlier than four months after the decision of the national supervisory authority to retain an additional percentage has became definitive. It shall base its decision on the most recent information available.

(d) Amounts provisionally retained by a central securities depository in accordance with this paragraph shall be used exclusively to cover the expenses, risks and losses incurred by it due to the war in Ukraine with regard to the assets held by that central securities depository, and only to the extent that such expenses, risks and losses cannot be covered by the internal resources of the central securities depository at the time of their occurrence. Amounts provisionally retained which have been used in accordance with this point shall cease to be due to the Union. Any information provided or received in accordance with this paragraph shall be used exclusively for the purposes for which it has been provided or received.

(e) If amounts provisionally retained have not been used within five years for the purpose referred to in point (d), the national supervisory authority shall, after consulting the Commission and, where appropriate, the European Central Bank, determine whether those amounts or part of those amounts are still needed to meet risk management requirements in view of the impact due to the war in Ukraine with regard to the assets held by central securities depositories. The national supervisory authority shall notify the Commission without delay about its decision on determination of those amounts and the time for which those amounts may continue to be retained. The decision of the national supervisory authority shall become definitive unless the Commission decides, within five days after notification, that the conditions set out in this point are not complied with. The Commission shall consult the European Central Bank to that effect. Amounts no longer retained shall be transferred to the Union.

(f) The central securities depositories shall transfer to the Union all remaining unused amounts provisionally retained at the latest when the restrictive measures under this Article are discontinued. The national supervisory authority may, after consulting the Commission and, where appropriate, the European Central Bank, decide to retain the amounts thereafter if those amounts or part of those amounts are still needed to meet relevant risk management requirements in view of the impact due to the war in Ukraine with regard to the assets held by central securities depositories. The decision of the national supervisory authority shall become definitive unless the Commission decides, within five days after notification, that the conditions set out in this point are not complied with. The Commission shall consult the European Central Bank to that effect. Amounts no longer retained shall be transferred to the Union.

11.

Central securities depositories referred to in paragraph 8 shall submit to the Commission and to their national competent authorities, in accordance with the rules set out in the act referred to in paragraph 13 the interim financial reports and the audited annual financial statements.

They shall also report by 30 June of each year, on the total amounts remaining provisionally retained on 31 December of the preceding year, according to paragraph 10, amounts provisionally retained that were used in accordance with paragraph 10, point (d), during the preceding year, and the amounts provisionally retained which have to be transferred to the Union in accordance with paragraph 10, points (e) and (f).

12.

Central securities depositories concerned shall fully cooperate in the protection of the financial interests of the Union and shall grant the necessary rights and access required for the authorising officer responsible, for the European Public Prosecutor’s Office (EPPO) in respect of those Member States participating in the enhanced cooperation on the establishment of the EPPO pursuant to Council Regulation (EU) 2017/1939 ([^E0032]), for the European Anti-Fraud Office (OLAF), for the Court of Auditors, and, where appropriate, for the relevant national authorities, to comprehensively exercise their respective competences. In the case of OLAF, such rights shall include the right to carry out investigations, including on-the-spot checks and inspections, in accordance with Regulation (EU, Euratom) No 883/2013 of the European Parliament and of the Council ([^E0033]).

12a. Actions by a central securities depository carried out in good faith pursuant to paragraphs (4) to (12) on the basis that such actions are in accordance with this Regulation shall not give rise to liability of any kind on the part of that depository, or of its directors or employees, unless it is proved that the action was a result of negligence.

13.

The Commission shall be empowered to adopt regulations, by means of implementing acts, setting out specific detailed arrangements for reporting to the Commission and the national competent authority as provided for under paragraph 11, and for the implementation of revenue operations such as payments by central securities depositories and the establishment of definitive amounts of financial contributions. Those rules may, as appropriate, complement the horizontal rules on revenue operations set out in Regulation (EU, Euratom) No 2018/1046 to cater for the specific characteristics of the financial contribution. The Commission shall consult the relevant national supervisory authorities to that effect.

14.

The amounts of the financial contribution paid to the Union budget shall be used to support Ukraine through the Union spending instruments listed in Annex XLI. Annex XLI shall be reviewed yearly, and for the first time before 1 January 2025, and may be amended through a Council Implementing Regulation, adopted upon a joint proposal of the High Representative of the Union for Foreign Affairs and Security Policy and of the Commission.

Amounts used for spending instruments financed from the Union budget shall constitute external assigned revenues in accordance with Article 21(5) of Regulation (EU, Euratom) No 2018/1046.

Article 5aa

It shall be prohibited to directly or indirectly engage in any transaction with:

(a) a legal person, entity or body established in Russia, which is publically controlled or with over 50 % public ownership or in which Russia, its Government or Central Bank has the right to participate in profits or with which Russia, its Government or Central Bank has other substantial economic relationship, as listed in Annex XIX;

(b) a legal person, entity or body established outside the Union whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in Annex XIX; or

(c) a legal person, entity or body acting on behalf or at the direction of an entity referred to in point (a) or (b) of this paragraph.

1a. It shall be prohibited as from 22 October 2022 to hold any posts in the governing bodies of any legal person, entity or body referred to in paragraph 1.

1b. It shall be prohibited as from 16 January 2023 to hold any posts in the governing bodies of:

(a) a legal person, entity or body established in Russia, which is publicly controlled or with over 50 % public ownership, or in which Russia, its Government or Central Bank has the right to participate in profits or with which Russia, its Government or Central Bank has other substantial economic relationship;

(b) a legal person, entity or body established in Russia whose proprietary rights are directly or indirectly owned for more than 50 % by an entity referred to in point (a) of this paragraph; or

(c) a legal person, entity or body established in Russia and acting on behalf or at the direction of an entity referred to in point (a) or (b) of this paragraph.

This prohibition shall not apply to any legal person, entity or body referred to in paragraph 1, for which paragraph 1a applies.

1c. By way of derogation from paragraph 1b, the competent authorities may authorise the holding of a post in the governing body of a legal person, entity or body referred to in paragraph 1b, after having determined that the legal person, entity or body is:

(a) a joint venture or similar legal arrangement involving a legal person, entity or body referred to in paragraph 1b and concluded by a legal person, entity or body which is incorporated or constituted under the law of a Member State before 17 December 2022; or

(b) a legal person, entity or body referred to in paragraph 1b which was established in Russia before 17 December 2022 and which is owned by, or solely or jointly controlled by, a legal person, entity or body which is incorporated or constituted under the law of a Member State.

1d. By way of derogation from paragraph 1b, the competent authorities may authorise the holding of a post in the governing body of a legal person, entity or body referred to in paragraph 1b, after having determined that the holding of such a post is necessary for ensuring critical energy supply.

1e. By way of derogation from paragraph 1b, the competent authorities may authorise the holding of a post in the governing body of a legal person, entity or body referred to in paragraph 1b, after having determined that the legal person, entity or body is involved in the transit through Russia of oil originating in a third country and that the holding of such a post is intended for operations which are not prohibited under Articles 3m and 3n.

2a. The prohibition in paragraph 1 shall not apply to the reception of payments due by the legal persons, entities or bodies referred to in Part A of Annex XIX pursuant to contracts performed before 15 May 2022.

2c. The prohibition in paragraph 1 shall not apply to the reception of payments due by the legal persons, entities or bodies referred to in Part B of Annex XIX pursuant to contracts performed before 8 January 2023.

2e. The prohibition in paragraph 1 shall not apply to the reception of payments due by the legal persons, entities or bodies referred to in Part C of Annex XIX pursuant to contracts performed before 18 March 2023.

2f. The prohibition in paragraph 1 shall not apply with regard to entities established in the Union and acting on behalf of or at the direction of entities referred to in paragraph 1, point (a) or (b), provided that:

(a) competent authorities have imposed a public trusteeship or similar public firewall measure on such an entity, or;

(b) a similar firewall measure is authorised by competent authorities in order to ensure their continued functioning and compliance with restrictive measures.

Unless otherwise prohibited, the prohibition in paragraph 1 shall not apply to:

(a) transactions which are strictly necessary for the direct or indirect purchase, import or transport of natural gas, titanium, aluminium, copper, nickel, palladium and iron ore from or through Russia into the Union, a country member of the European Economic Area, Switzerland, or the Western Balkans;

(aa) unless prohibited under Article 3m or 3n, transactions which are strictly necessary for the direct or indirect purchase, import or transport of oil, including refined petroleum products, from or through Russia;

(b) transactions related to energy projects outside Russia in which a legal person, entity or body listed in Annex XIX is a minority shareholder;

(d) transactions, including sales, which are strictly necessary for the wind-down, by 31 December 2027, of a joint venture or similar legal arrangement concluded before 16 March 2022, involving a legal person, entity or body referred to in paragraph 1;

(e) transactions related to the provision of electronic communication services, data center services, and the provision of services and equipment necessary for their operation, maintenance, security, including the provision of firewalls, and call center services, to a legal person, entity or body listed in Annex XIX;

(f) transactions which are necessary for the purchase, import or transport of pharmaceutical, medical, agricultural and food products, including wheat and fertilisers whose import, purchase and transport is allowed under this Regulation;

(g) transactions which are strictly necessary to ensure access to judicial, administrative or arbitral proceedings in a Member State, as well as for the recognition or enforcement of a judgment or an arbitration award rendered in a Member State and if such transactions are consistent with the objectives of this Regulation and Regulation (EU) No 269/2014;

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