Article 1
Regulation (EU) No 692/2014 is hereby amended as follows: (1) The title is replaced by the following: ‘Council Regulation (EU) No 692/2014 of 23 June 2014 concerning restrictive measures in response to the illegal annexation of Crimea and Sevastopol’. (2) In Article 1, the following points are added: ‘(f) “brokering services” means: (i) the negotiation or arrangement of transactions for the purchase, sale or supply of goods and technology or of financial and technical services, including from a third country to any other third country; or (ii) the selling or buying of goods and technology or of financial and technical services, including where they are located in third countries for their transfer to another third country. (g) “technical assistance” means any technical support related to repairs, development, manufacture, assembly, testing, maintenance, or any other technical service, and may take forms such as instruction, advice, training, transmission of working knowledge or skills or consulting services; technical assistance includes verbal forms of assistance.’. (3) The following Articles are inserted: ‘Article 2a 1. The following shall be prohibited: (a) the granting of any financial loan or credit specifically relating to the creation, acquisition or development of infrastructure in the areas of transport, telecommunications or energy in Crimea or Sevastopol; (b) the acquisition or extension of a participation, including the acquisition in full and the acquisition of shares and securities of a participating nature, in enterprises established in Crimea or Sevastopol that are engaged in the creation, acquisition or development of infrastructure in the areas of transport, telecommunications or energy in Crimea or Sevastopol; (c) the creation of any joint venture relating to the creation, acquisition or development of infrastructure in the areas of transport, telecommunications or energy in Crimea or Sevastopol. 2. The following shall be prohibited: (a) the granting of any financial loan or credit specifically relating to the exploitation of oil, gas or mineral resources in Crimea or Sevastopol; (b) the acquisition or extension of a participation, including the acquisition in full of such enterprises and the acquisition of shares and securities of a participating nature, in entreprises established in Crimea or Sevastopol that are engaged in the exploitation of oil, gas or mineral resources in Crimea or Sevastopol; (c) the creation of any joint venture relating to the exploitation of oil, gas or mineral resources in Crimea or Sevastopol. 3. For the purposes of this Article and Article 2b, the following definitions shall apply: (a) “mineral resources” are those listed in Annex II; (b) “exploitation” means exploration, prospection, extraction, refining and management of oil, gas and mineral resources and provision of related geological services but does not include maintenance to ensure safety of existing infrastructure; (c) “refining” means the processing, conditioning and preparation for sale. Article 2b It shall be prohibited to provide, directly or indirectly, technical assistance, brokering services related to the investment activities referred to in Article 2a. Article 2c 1. It shall be prohibited to sell, supply, transfer, export, directly or indirectly, key equipment and technology as listed in Annex III to any natural or legal person, entity or body in Crimea or Sevastopol or for use in Crimea or Sevastopol. 2. Annex III shall include key equipment and technology related to the creation, acquisition or development of infrastructure in the following sectors: (a) transport; (b) telecommunications; (c) energy; (d) the exploitation of oil, gas and mineral reserves in Crimea and Sevastopol. 3. It shall be prohibited to: (a) provide, directly or indirectly, technical assistance or brokering services related to the key equipment and technology listed in Annex III, or related to the provision, manufacture, maintenance and use of items listed in Annex III to any natural or legal person, entity or body in Crimea or Sevastopol or for use in Crimea or Sevastopol; and (b) provide, directly or indirectly, financing or financial asssistance related to the key equipment and technology listed in Annex III to any natural or legal person, entity or body in Crimea or Sevastopol or for use in Crimea or Sevastopol. 4. It shall be prohibited to participate, knowingly or intentionally, in activities the object or effect of which is to circumvent the prohibitions referred to in paragraphs 1 and 3. 5. The prohibitions in paragraphs 1 and 3 shall not apply to the execution, until 28 October 2014 of transactions required by a trade contract concluded before30 July 2014 concerning key equipment or technology as listed in Annex III or by ancillary contracts necessary for the execution of such contracts provided that the natural or legal person, entity or body seeking to engage in such transactions, or to provide assistance to such transactions, has notified, at least 10 working days in advance, the transaction or assistance to the competent authority of the Member State in which it is established. Article 2d Articles 2a and 2b shall not apply to the granting of a financial loan or credit, to the extension of a participation or the creation of any joint venture, if the following conditions are met: (a) the transaction is required by an agreement or contract conluded before 30 July 2014; and (b) the competent authority has been informed at least 10 working days in advance.’. (4) The Annex to Regulation (EU) No 692/2014 is renamed ‘Annex I’ and Annexes II and III as set out in the Annex to this Regulation are added.