Recital 13

(13) The Government of the Russian Federation has imposed illegitimate so-called ‘temporary management’ on property located on the territory of the Russian Federation, that belongs to foreign persons associated with so-called ‘unfriendly foreign states’, i.e. states which have introduced restrictive measures against Russia. That so-called ‘temporary management’ is tantamount to expropriation. By those means, the Government of the Russian Federation removes from the Russian market the Union competitors of Russian companies, giving the latter an economic advantage over those Union and other foreign competitors, thus strengthening the Russian economy’s resilience to restrictive measures that affect it. In some cases, the so-called ‘temporary management’ is even granted to Russian competitors of Union entities themselves, giving them a direct economic advantage over those Union competitors. To strengthen the framework of restrictive measures by the Union, Decision (CFSP) 2026/508 enables the Council to draw up a list of Russian companies, which are subject to a transaction ban, that benefit from such illegitimate so-called ‘temporary management’, in particular by ‘temporarily’ taking over the management in Russia of the property and entities owned or controlled by entities established in the Union, or by operating in the same market sector as those Union owned or controlled entities. Decision (CFSP) 2026/508 also provides for exceptions.

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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.