Council Regulation (EU) 2021/1986 of 15 November 2021 amending Regulation (EC) No 765/2006 concerning restrictive measures in respect of Belarus

Article 1l of Regulation (EC) No 765/2006 is replaced by the following:

Article 1l

1. It shall be prohibited to provide insurance or re-insurance to:

(i) the Belarusian Government, its public bodies, corporations or agencies; or

(ii) any natural or legal person, entity or body acting on behalf or at the direction of a legal person, entity or body referred to in point (i).

1. The prohibitions in paragraph 1 shall not apply to the provision of compulsory or third party liability insurance to Belarusian persons, entities or bodies where the risk insured is situated in the Union or to the provision of insurance for Belarusian diplomatic or consular missions in the Union.

1. The prohibitions in paragraph 1 shall be without prejudice to the execution of contracts concluded before 25 June 2021, or ancillary contracts necessary for the execution of such contracts..

Article 2

This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 15 November 2021.

For the Council

The President

J. Borrell Fontelles