(17)

Article 5ad is amended as follows: in paragraph 1, the following point is added: ; is not a credit or financial institution or an entity providing crypto-asset services or payment services and offers services that enable the performance of international transactions, including through payments from accounts in countries other than Russia, through netting, through set-off, through reconciliation or through settlement, that frustrate the purpose of the prohibitions in this Regulation or in Regulation (EU) No 269/2014, as listed in Part D of Annex XLV to this Regulation.’ paragraph 2 is replaced by the following: ‘2. The prohibition in paragraph 1 shall also apply with respect to: ; a legal person, entity or body acting on behalf of, or at the direction of, an entity referred to in points (a), (b), (c) or (d) of paragraph 1; an entity providing crypto-asset services or payment services that operates as a mirror or successor entity of an entity referred to in points (a) or (b) of paragraph 1; an entity offering enabling services equivalent to those provided by the entities referred to in point (d) of paragraph 1.’ the following paragraph is inserted: ‘2b. For the purposes of paragraph 2, point (c), an equivalent enabling service is a service that meets the following criteria: ; the service is offered by an entity that is not a credit institution or a financial institution or an entity providing crypto-asset services or payment services; the service is addressed to Russian customers and has the stated intent to enable cross-border transactions, including through payments from accounts in countries other than Russia, through netting, through set-off, through reconciliation or through settlement; the service does not exclude any of the transactions prohibited under this Regulation or Regulation (EU) No 269/2014.’

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Source: EUR-Lex (Cellar) · retrieved 2026-10-09 · Text as adopted (Official Journal); later amendments are not incorporated in this text.