Recital 14

(14) The Union has taken decisive measures to identify entities that facilitate a continued financial lifeline for Russia’s war of aggression against Ukraine, whether by connecting to the system for transfer of financial messages (‘SPFS’) of the Central Bank of the Russian Federation or by enabling the circumvention of Union restrictive measures, and to prohibit any transaction between those entities and Union operators. Out of the identified entities, five have taken measures to close loopholes and terminate the relevant illicit activities. Decision (CFSP) 2026/508 therefore removes the listings for those five entities from the relevant Annex to Decision 2014/512/CFSP. In addition, there is evidence that other such entities in third countries continue to enable Russia to carry out illicit activities. Decision (CFSP) 2026/508 therefore identifies four financial entities with a view to prohibiting transactions between them and persons located in the Union by listing the four financial entities in the relevant Annexes to Decision 2014/512/CFSP. Those changes to the listings should also be reflected in the relevant Annexes to Regulation (EU) No 833/2014.

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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.