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Financial services - Specialised financing messaging services

 

Prohibition

It shall be prohibited to provide specialised financial messaging services, which are used to exchange financial data, to the legal persons, entities or bodies listed in Annex XIV or to any legal person, entity or body established in Russia whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in Annex XIV.


For each legal person, entity or body listed in Annex XIV, the prohibition set out [...] shall apply as of the date mentioned for it in that Annex. The prohibition shall apply as of the same date to any legal person, entity or body established in Russia whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in Annex XIV.

Services concerned

Specialised financial messaging services, which are used to exchange financial data, to the legal persons, entities or bodies listed in Annex XIV or to any legal person, entity or body established in Russia whose proprietary rights are directly or indirectly owned for more than 50 % by an entity listed in Annex XIV.

Name of the legal person, entity or body / Date of application


Bank Otkritie - 12 March 2022

Novikombank - 12 March 2022

Promsvyazbank - 12 March 2022

Bank Rossiya - 12 March 2022

Sovcombank - 12 March 2022

VNESHECONOMBANK (VEB) - 12 March 2022

VTB BANK - 12 March 2022

Sberbank - 14 June 2022

Credit Bank of Moscow - 14 June 2022

Joint Stock Company Russian Agricultural Bank, JSC Rosselkhozbank - 14 June 2022

Legal Source

EU Regulation (EU) 883/2014 of 31 July 2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine.  Article 5h

The EU Regulation is directly applicable in all EU Member States.

The EU Regulation is based on EU Council Decision 2014/512/CFSP of 31 July 2014 concerning restrictive measures in view of Russia’s actions destabilising the situation in Ukraine. Article 1e