Reglamento (UE) 2022/262 del Consejo de 23 de febrero de 2022 por el que se modifica el Reglamento (UE) n.º 833/2014 relativo a medidas restrictivas motivadas por acciones de Rusia que desestabilizan la situación en Ucrania

1 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 9 March 2022 by: (a) Russia and its government; or (b) the Central Bank of Russia; or (c) a legal person, entity or body acting on behalf or at the direction of the entity referred to in point (b).

2 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.

3 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; and (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. 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.’;

It shall be prohibited to participate, knowingly and intentionally, in activities the object or effect of which is to circumvent prohibitions in this Regulation, including by acting as a substitute for legal persons, entities or bodies referred to in Article 5 or 5a, or by acting to their benefit by using the exceptions in Article 5(3) or 5a(2).’.

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