Preamble

THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on the Functioning of the European Union, and in particular Article 215 thereof, Having regard to Council Decision (CFSP) 2026/1804 of 16 July 2026 amending Decision 2014/512/CFSP concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine (1), Having regard to the joint proposal from the High Representative of the Union for Foreign Affairs and Security Policy and the European Commission, Whereas: (1) On 31 July 2014, the Council adopted Regulation (EU) No 833/2014 (2). (2) Regulation (EU) No 833/2014 gives effect to certain measures provided for in Council Decision 2014/512/CFSP (3). (3) On 16 July 2026, the Council adopted Decision (CFSP) 2026/1804, which amends Decision 2014/512/CFSP. (4) Decision (CFSP) 2026/1804 postpones the date of application of the mechanism for amending the crude oil price cap. Council Decision (CFSP) 2025/1495 (4) established a procedure for adjusting that price cap by reference to the average market price of Russian crude oil. That postponement is intended to provide the Council with additional time to examine and adopt any amendment that might be necessary in light of market developments, thereby ensuring an orderly and well-considered decision-making process. (5) These measures fall within the scope of the Treaty on the Functioning of the European Union and therefore, in particular with a view to ensuring their uniform application in all Member States, regulatory action at the level of the Union is necessary. (6) Regulation (EU) No 833/2014 should therefore be amended accordingly, HAS ADOPTED THIS REGULATION:

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Source: EUR-Lex (Cellar) · retrieved 2026-10-14 · Text as adopted (Official Journal); later amendments are not incorporated in this text.