(b)

the following paragraphs are inserted: ‘1a. The prohibition in paragraph 1 shall not apply to transactions: 1b. By way of derogation from paragraph 1, the competent authorities may authorise, under such conditions as they deem appropriate, transactions which are strictly necessary for divestment from Russia or the wind-down of business activities in Russia. 1c. By way of derogation from paragraph 1, the competent authorities of a Member State may authorise the execution of transactions with Bank Zenit, as listed in Annex XIV, under such conditions as they deem appropriate and after having determined that the execution of such transactions is necessary for: ; that are necessary for the functioning of diplomatic and consular representations of the Union and of the Member States or of partner countries in Russia, including delegations, embassies and missions, or international organisations in Russia enjoying immunities in accordance with international law; made by nationals of a Member State who are residents of Russia and were so before 24 February 2022. the payment of goods falling under CN 3402 90 ; the execution of contracts concluded before 1 January 2025 until 1 January 2028 or until their expiry date, whichever is earlier.’

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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.