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Decision

Council Decision (CFSP) 2022/346 of 1 March 2022 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine

CELEX
Decision (CFSP) 2022/346
Date of document
Articles
3
Source
EUR-Lex
Article 1

Decision 2014/512/CFSP is amended as follows:

(1)

the following Articles are inserted:

‘Article 1e

It shall be prohibited as of 12 March 2022 to provide specialised financial messaging services, which are used to exchange financial data, to the legal persons, entities or bodies listed in Annex VIII or to any legal person, entity or body established in Russia whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in Annex VIII.

Article 1f

1.   It shall be prohibited to sell, supply, transfer or export euro denominated banknotes to Russia or to any natural or legal person, entity or body in Russia, including the government and the Central Bank of Russia, or for use in Russia.

2.   The prohibition in paragraph 1 shall not apply to the sale, supply, transfer or export of euro denominated banknotes provided that such sale, supply, transfer or export is necessary for:

(a)

the personal use of natural persons travelling to Russia or members of their immediate families travelling with them; or

(b)

the official purposes of diplomatic missions, consular posts or international organisations in Russia enjoying immunities in accordance with international law.’;

(2)

in Article 4b, the following paragraphs are added:

‘3.   It shall be prohibited to invest, participate or otherwise contribute to projects co-financed by the Russian Direct Investment Fund.

4.   By way of derogation from paragraph 3, the competent authorities may authorise, under such conditions as they deem appropriate, an investment participation in, or contribution to, projects co-financed by the Russian Direct Investment Fund, after having determined that such an investment participation or contribution is due under contracts concluded before 2 March 2022 or ancillary contracts necessary for the execution of such contracts.’;

(3)

the Annex to this Decision is added as Annex VIII to Decision 2014/512/CFSP.

Article 2

This Decision shall enter into force on the date of its publication in the Official Journal of the European Union .

Schedules & Appendices

ANNEX

ANNEX

‘ANNEX VIII

LIST OF LEGAL PERSONS, ENTITIES OR BODIES REFERRED TO IN ARTICLE 1e

Bank Otkritie

Novikombank

Promsvyazbank

Bank Rossiya

Sovcombank

VNESHECONOMBANK (VEB)

VTB BANK

’.

3 articles

Cite this act

Council Decision (CFSP) 2022/346 of 1 March 2022 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (EUR-Lex). Retrieved via LawPlayer, https://lawplayer.com/eu/act/32022D0346

© European Union, https://eur-lex.europa.eu, 1998-2026. Reuse authorised under Commission Decision 2011/833/EU, provided the source is acknowledged.

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