Recital 21

(21) Decision (CFSP) 2025/2032 adds five credit or financial institutions to the list of legal persons, entities or bodies subject to a transaction ban. The transaction ban applies to certain Russian credit or financial institutions or other entities subscribing to financial messaging services or to Russian subsidiaries of third-country credit or financial institutions, which are relevant for the Russian financial and banking system, and are either large or important regional banks, which consequently facilitate regional and federal finances and business, or banks which facilitate significant cross-border payments, thereby bolstering the Russian economy and its industry, banks which undermine Ukraine’s territorial integrity by operating in the occupied territories of Ukraine, or banks which are already the subject of restrictive measures imposed by the Union or by partner countries. In parallel, Decision (CFSP) 2025/2032 adds exemptions necessary for humanitarian purposes, for the export, sale, supply, transfer or transport of pharmaceutical, medical or agricultural and food products, 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, for the reception of payments due by the legal persons, entities or bodies controlled by the Russian Government pursuant to contracts performed before 15 May 2022, and for the implementation of certain authorisations granted pursuant to Regulation (EU) No 269/2014 and for Member States’ ethnic minorities in Russia. Those exemptions and derogation are without prejudice to the prohibition on operators in the Union to provide financial messaging services to the entities listed in Annex XIV to Regulation (EU) No 833/2014.

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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.