A part of the territory of Ukraine is occupied by Russia as a result of its aggression, which began in 2014 and significantly expanded in 2022. Ukraine’s Autonomous Republic of Crimea and the city of Sevastopol are fully under Russia's temporary occupation. In the other four regions of Ukraine, namely Donetsk, Zaporizhzhia, Luhansk and Kherson oblasts, part of the territory is currently temporarily occupied by Russia, while the rest remains under Ukrainian control.

Any payment, trade and other foreign economic transactions with the territories of Ukraine temporarily occupied by Russia are prohibited by the relevant EU sanctions, which have also been joined by Norway.

At the same time, there are no restrictions on such transactions with the government-controlled territories of Donetsk, Zaporizhzhia, Luhansk and Kherson regions and they are carried out on the same terms as with the rest of Ukraine.

In case of need for additional information, we suggest taking into account the Consolidated FAQs drafted by the European Commission Directorate‑General for Financial Stability, Financial Services and Capital Markets Union for the financial institutions and business entities in the EU (Part D. Trade and Customs, paragraph 9. Oblast, p. 190): Consolidated version - Frequently asked questions concerning sanctions adopted following Russia’s military aggression against Ukraine and Belarus' involvement in it.