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Council Regulation (EC) No 765/2006 of 18 May 2006 concerning restrictive measures in view of the situation in Belarus and the involvement of Belarus in the Russian aggression against UkraineRecitalsArticle 1Article 1aArticle 1bArticle 1baArticle 1bbArticle 1cArticle 1dArticle 1eArticle 1fArticle 1faArticle 1fbArticle 1fcArticle 1fdArticle 1gArticle 1gaArticle 1gbArticle 1gcArticle 1hArticle 1iArticle 1jArticle 1jaArticle 1jbArticle 1jcArticle 1kArticle 1lArticle 1mArticle 1nArticle 1oArticle 1pArticle 1qArticle 1rArticle 1raArticle 1rbArticle 1rcArticle 1sArticle 1saArticle 1tArticle 1uArticle 1vArticle 1wArticle 1xArticle 1yArticle 1zArticle 1zaArticle 1zbArticle 1zcArticle 2Article 2aArticle 2bArticle 3Article 3aArticle 4Article 4aArticle 4bArticle 4cArticle 5Article 6Article 7Article 8Article 8aArticle 8bArticle 8cArticle 8caArticle 8dArticle 8daArticle 8eArticle 8fArticle 8gArticle 8gaArticle 8hArticle 8iArticle 8jArticle 9Article 9aArticle 9bArticle 10Article 11Annex I List of natural and legal persons, entities and bodies referred to in Article 2(1)Annex IA List of natural and legal persons, entities or bodies referred to in Article 2(1), 2(2) and 2(5)Annex IBAnnex II Websites for information on the competent authorities referred to in Articles 3, 4(2), and 5, and address for notifications to the European CommissionAnnex III List of equipment which might be used for internal repression as referred to in Article 1a and Article 1bAnnex IV Equipment, technology and software referred to in Articles 1c and 1dAnnex V List of natural or legal persons referred to in Articles 1e(7), 1f(7) and 1fa(1)Annex Va List of goods and technology referred to in Articles 1f(1) and 1fa(1)Annex Vb List of partner countries referred to in Articles 1e(4), 1f(4) and 1fc(4)Annex Vba List of countries referred to in Articles 8g(1) and 8ga(2)Annex VcAnnex VI List of goods used for the production or manufacturing of tobacco products referred to in Article 1gAnnex VII List of mineral products referred to in Article 1hAnnex VIII List of potassium chloride ('potash') products referred to in Article 1iAnnex IX List of major credit institutions referred to in Articles 1j and 1kAnnex X List of wood products referred to in Article 1oAnnex XI List of cement products referred to in Article 1pAnnex XII List of iron and steel products referred to in Article 1qAnnex XIII List of rubber products referred to in Article 1rAnnex XIV List of machinery referred to in Article 1sAnnex XIVa List of goods and technology as referred to in Article 1s(1a) on the prohibition of transit via BelarusAnnex XV List of legal persons, entities or bodies referred to in Article 1zbAnnex XVI List of firearms and other arms referred to in Article 1baAnnex XVII List of goods and technologies referred to in Article 1saAnnex XVIII List of goods and technologies which could contribute to the enhancement of Belarusian industrial capacities referred to in Article 1bbAnnex XIX List of goods and technology as referred to in Article 1bb(2) on the prohibition of transit via BelarusAnnex XX List of goods and technology suited for use in oil refining and liquefaction of natural gas referred to in Article 1gcAnnex XXI List of gold referred to in Article 1rb(1) and (2)Annex XXII List of gold referred to in Article 1rb(3)Annex XXIII List of crude oil referred to in Article 1hAnnex XXIV List of maritime navigation goods and technology referred to in Article 1fdAnnex XXV List of luxury goods referred to in Article 1gaAnnex XXVI List of software as referred to in Article 1jc(4)Annex XXVII List of goods which allow Belarus to diversify its sources of revenue referred to in Article 1raAnnex XXVIII List of goods and technology referred to in Article 8gAnnex XXIX List of goods and products as referred to in Article 1rcAnnex XXX List of common high priority goods and technology referred to in Article 8gDone at
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Version status: Inserted | Document consolidation status: Updated to reflect all known changes
Version date: 1 July 2024 - onwards
Version 2 of 2

Article 1gb

1. It shall be prohibited to:

(a) acquire any new or extend any existing participation in any legal person, entity or body incorporated or constituted under the law of Belarus or any other third country and operating in the energy sector in Belarus;

(b) grant or be part of any arrangement to grant any new loan or credit or otherwise provide financing, including equity capital, to any legal person, entity or body incorporated or constituted under the law of Belarus or any other third country and operating in the energy sector in Belarus, or for the documented purpose of financing such a legal person, entity or body;

(c) create any new joint venture with any legal person, entity or body incorporated or constituted under the law of Belarus or any other third country and operating in the energy sector in Belarus; or

(d) provide investment services directly related to the activities referred to in points (a), (b) and (c).

2. By way of derogation from paragraph 1, the competent authorities may authorise, under such conditions as they deem appropriate, any activity referred to in paragraph 1 after having determined that:

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