Recital 18

Council Regulation (EU) 2026/1848 of 23 July 2026 amending Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine · European Union

(18) Russia derives significant revenues from the sale of oil. Decision (CFSP) 2026/1849 introduces a prohibition on any transaction with refineries in Russia and in third countries other than Russia used for the processing or refining of crude oil or the processing or blending of petroleum products, as listed in Annex XXV to Regulation (EU) No 833/2014, or of mineral products, that originate in Russia or refineries used for the circumvention of restrictive measures. Such transactions include access to facilities of the listed refineries and the provision of any services. Decision (CFSP) 2026/1849 therefore identifies one refinery under those listing criteria. That listing of one refinery should also be reflected in the relevant Annex to Regulation (EU) No 833/2014.

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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.