1. It shall be prohibited for any national of a Member State, natural person residing in a Member State, and any legal person, entity or body which is established in the Union to sell, or otherwise transfer ownership, directly or indirectly, of tanker vessels for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 , whether or not originating in the Union, to any natural or legal person, entity or body in Russia or for use in Russia.
2. Without prejudice to the prohibition in paragraph 1, any national of a Member State, any natural person residing in a Member State, and any legal person, entity or body which is established in the Union that sells or otherwise transfers the ownership, to persons, entities and bodies in any third country, directly or indirectly, of tanker vessels for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 , whether or not those products originate in the Union, shall:
(a) take appropriate steps, proportionately to their nature and size, to identify and assess the risks of retransfer to Russia or for use in Russia, and ensure that those risk assessments are documented and kept up-to-date;
(b) implement appropriate policies, controls and procedures, proportionately to their nature and size, to mitigate and manage effectively the risks of retransfer to Russia or for use in Russia.
3. Natural and legal persons, entities or bodies referred to in paragraph 2 acquiring the tanker vessels shall provide all the information necessary for the completion of the steps referred to in paragraph 2, point (a).
4. Any sale or other arrangement entailing a transfer of ownership by a national of a Member State, a natural person residing in a Member State, or a legal person, entity or body which is established in the Union to any third country of tanker vessels for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 , with the exception of a sale or other transfer of ownership prohibited under paragraph 1, shall be notified immediately to the competent authorities of the Member State where the owner of the vessel is a citizen, a resident or is established.
The notification to the competent authority shall contain at least the following information: the identities of the seller and the purchaser and, where applicable, the incorporation documents of the seller and the purchaser including the shareholding and management; the IMO ship identification number of the vessel; and the Call Sign of the vessel.
5. Any sale or other arrangement entailing a transfer of ownership by a national of a Member State, by a natural person residing in a Member State or by a legal person, entity or body which is established in the Union to any third country of a tanker vessel for the transport of crude oil or petroleum products listed in Annex XXV, falling under HS code ex 8901 20 shall contain a written contractual prohibition on any further resale or transfer of the vessel to any natural or legal person, entity or body in Russia or for use in Russia.
6. The sale or other arrangement referred to in paragraph 5 shall also include written contractual provisions by which the third-country party acquiring the vessel:
(i) commits to mirroring the prohibition in paragraph 5 in any further resale or transfer that it may undertake; and
(ii) obliges, in any further resale or transfer, the acquirer of the vessel to include written contractual provisions equivalent to those required by paragraph 5 and this paragraph.
7. The Member State concerned shall inform the other Member States and the Commission of any notification under paragraph 4, within two weeks of the notification.
(Council Regulation (EU) No. 833/2014, Article 3q)