(11)

Article 5ad is replaced by the following: ‘Article 5ad 1. It shall be prohibited to directly or indirectly engage in any transaction with a legal person, entity or body established outside of the Union that: 2. The prohibition in paragraph 1 shall apply to a legal person, entity or body acting on behalf or at the direction of an entity referred to in points (a), (b) and (c) of paragraph 1. 3. The prohibition in paragraph 1 shall not apply to transactions that are: ; is a credit or financial institution or an entity providing crypto assets services that is significantly frustrating the purpose of the prohibitions in this Regulation and Regulation (EU) No 269/2014, as listed in Part A of Annex XLV to this Regulation; is a credit or financial institution or an entity providing crypto assets services that supports Russia’s war of aggression against Ukraine, including by processing transactions or providing export financing for trade operations that frustrate the purpose of this Regulation, as listed in Part B of Annex XLV to this Regulation; is not a credit or financial institution or an entity providing crypto assets services and is significantly frustrating the purpose of the prohibitions set out in Articles 3m, 3n and 3s of this Regulation, as listed in Part C of Annex XLV to this Regulation. necessary for the export, sale, supply, transfer or transport of pharmaceutical, medical or agricultural and food products, including wheat and fertilisers, whose export, sale, supply, transfer or transport to Russia is allowed under this Regulation; strictly necessary to ensure access to judicial, administrative or arbitral proceedings in a Member State, as well as for the recognition or enforcement of a judgment or an arbitration award rendered in a Member State, provided that such transactions are consistent with the objectives of this Regulation and Regulation (EU) No 269/2014; or necessary for humanitarian purposes, such as delivering or facilitating the delivery of assistance, including medical supplies, food, or the transfer of humanitarian workers and related assistance or for evacuations.’

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Source: EUR-Lex (Cellar) · retrieved 2026-10-16 · Text as adopted (Official Journal); later amendments are not incorporated in this text.