Recital 19

(19) Decision (CFSP) 2026/508 adds 20 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, including those 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 cross-border payments, thereby bolstering the Russian economy and its industry, or banks which undermine the territorial integrity of Ukraine by operating in the occupied territories of Ukraine, or by providing financial services over the occupied territories of Ukraine, or banks which offer financial services to military personnel in the Russian armed forces, or banks which are already the subject of restrictive measures imposed by the Union or by partner countries. In addition, Decision (CFSP) 2026/508 amends an exemption that is necessary for the reception of payments due and the fulfilment of prior obligations by the legal persons, entities or bodies referred to in the relevant Annex to Decision 2014/512/CFSP. Decision (CFSP) 2026/508 also adds an exemption for the payment of reasonable professional fees or the reimbursement of incurred expenses associated with the provision of legal services, as well as an exemption related to the needs of state-funded intermediate organisations for the foreign cultural policy of the Member States in Russia.

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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.