The import into the Union of goods originating in the non-government controlled areas of Donetsk oblast in Ukraine or in the non-government controlled areas of Luhansk oblast in Ukraine shall be prohibited.
Council Decision (CFSP) 2022/266 of 23 February 2022 concerning restrictive measures in response to the recognition of the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine and the ordering of Russian armed forces into those areas
Council Decision (CFSP) 2022/266 of 23 February 2022 concerning restrictive measures in response to the recognition of the non-government controlled areas of the Donetsk and Luhansk oblasts of Ukraine and the ordering of Russian armed forces into those areas
Article 1
1.
2.
It shall be prohibited to provide, directly or indirectly, financing or financial assistance, as well as insurance and reinsurance, related to the import of goods originating in the non-government controlled areas of Donetsk oblast or in non-government controlled areas of Luhansk oblast.
Article 2
The prohibitions set out in Article 1 shall not apply to goods originating in the non-government controlled areas referred to in Article 1 which have been made available for examination to, and have been controlled by, the Ukrainian authorities and which have been granted a certificate of origin by the Government of Ukraine.
Article 3
The prohibitions set out in Article 1 shall be without prejudice to the execution until 24 May 2022 of contracts concluded before 23 February 2022 or of ancillary contracts necessary for the execution of such contracts, to be concluded and executed not later than 24 May 2022.
Article 4
It shall be prohibited to participate, knowingly and intentionally, in activities the object or effect of which is to circumvent the prohibitions laid down in Article 1.
Article 5
1.
Any of the following shall be prohibited:
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the acquisition of, or the extension of a participation in, real estate in the non-government controlled areas referred to in Article 1;
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the acquisition of, or the extension of a participation in, entities in the non-government controlled areas referred to in Article 1, including the acquisition in full of such entities and the acquisition of shares therein, and the acquisition of other securities of a participating nature;
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the granting of any financing to entities in the non-government controlled areas referred to in Article 1, or for the documented purpose of financing such entities;
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the creation of any joint venture with entities in the non-government controlled areas referred to in Article 1; and,
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the provision of investment services directly related to the activities referred to in points (a) to (d) of this paragraph.
2.
The prohibitions in paragraph 1 shall:
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be without prejudice to the execution of an obligation from contracts concluded before 23 February 2022; and,
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not prevent the extension of a participation, if such extension is an obligation under a contract concluded before 24 February 2022.
3.
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 paragraph 1.
4.
The prohibitions and restrictions set out in this Article shall not apply to the conduct of legitimate business with entities outside the non-government controlled areas referred to in Article 1, provided the related investments are not destined to entities in the non-government controlled areas referred to in Article 1.