Recitale
(1) On 31 July 2014, the Council adopted Regulation (EU) No 833/2014 (2).
(2) Regulation (EU) No 833/2014 gives effect to certain measures provided for in Council Decision 2014/512/CFSP (3) and prohibits the sale, supply, transfer or export of dual-use goods and technology to any person, entity or body in Russia or for use in Russia, if those items are for military use or for military end-users. It also bans the sale of such goods and technology to specified legal persons in Russia and prohibits the provision of technical assistance and other related services as well as financing and financial assistance related to such goods and technology. In addition, it requires operators to obtain a prior authorisation for the sale, supply, transfer or export of certain technologies for the oil industry in Russia and prohibits the provision of associated services necessary for deep-water oil exploration and production, arctic oil exploration and production or shale oil projects in Russia, including its Exclusive Economic Zone and Continental Shelf. It also prohibits the provision of technical assistance related to the goods and technology listed in the Common Military List of the European Union or related to the provision, manufacture, maintenance and use of such goods. It also imposes restrictions on access to the capital market for certain Russian financial institutions.
(3) On 21 February 2022, the President of the Russian Federation signed a decree recognising the ‘independence and sovereignty’ of the non-government controlled areas of Donetsk and Lugansk oblasts of Ukraine and ordered Russian armed forces into those areas.
(4) In view of the gravity of the situation, on 23 February 2022 the Council adopted Decision (CFSP) 2022/264 amending Decision 2014/512/CFSP and imposing further restrictive measures prohibiting the financing of Russia, its government and its Central Bank.
(5) Regulation (EU) No 833/2014 should therefore be amended accordingly,