OpenLegislation

Article 4a F1

United Kingdom

Original text. Later amendments are not shown.

1.

The following shall be prohibited:

(a)

the acquisition or extension of a participation in real estate in Crimea or Sevastopol;

(b)

the acquisition or extension of a participation in entities in Crimea or Sevastopol, including the acquisition in full of such entities and the acquisition of shares, and other securities of a participating nature;

(c)

the granting of any financing to entities in Crimea or Sevastopol or for the documented purpose of financing entities in Crimea or Sevastopol;

(d)

the creation of any joint venture with entities in Crimea or Sevastopol;

(e)

the provision of investment services directly related to the activities referred to in points (a) to (d).

The prohibitions and restrictions in this Article do not apply to the conduct of legitimate business with entities outside Crimea or Sevastopol where the related investments are not destined to entities in Crimea or Sevastopol.

2.

The prohibitions in paragraph 1 shall:

(a)

be without prejudice to the execution of an obligation from contracts concluded before 20 December 2014 ;

(b)

not prevent the extension of a participation, if such extension is an obligation under a contract concluded before 20 December 2014 .

3.

It shall be prohibited to participate, knowingly or intentionally, in activities the object or effect of which is to circumvent the prohibitions referred to in paragraph 1.

Annotations

Textual amendments

F1

Substituted by Council Decision 2014/933/CFSP of 18 December 2014 amending Decision 2014/386/CFSP concerning restrictive measures in response to the illegal annexation of Crimea and Sevastopol.

Notes on the whole EU Decision

Textual amendments

F1

Substituted by Council Decision 2014/507/CFSP of 30 July 2014 amending Decision 2014/386/CFSP concerning restrictions on goods originating in Crimea or Sevastopol, in response to the illegal annexation of Crimea and Sevastopol.