Explanatory Memorandum to JOIN(2022)12 - Amendment of Regulation 765/2006 concerning restrictive measures in view of the situation in Belarus and their involvement in the Russian aggression against Ukraine

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On 18 May 2006, the Council adopted Regulation (EC) No 765/2006.

Regulation (EC) No 765/2006 gives effect to the measures provided for in Decision 2012/642/CFSP.

Council Decision (CFSP) 2022/XXX expands the list of entities subject to restrictions with regard to authorizations for the sale, supply, transfer or export of dual-use goods and technology and goods and technology which might contribute to Belarus’s military and technological enhancement, or to the development of its defence and security sector. Council Decision (CFSP) 2022/XXX also expands the list of Belarusian credit institutions and their Belarusian subsidiaries subject to restrictive measures with regard to the provision of specialised financial messaging services.

In order to ensure the correct implementation of the measures set out in Regulation (EC) No 765/2006, it is necessary to make certain amendments to the text.