CHAPTER V

FREEZING OF FUNDS AND ECONOMIC RESOURCES
Article 21
By way of derogation from Article 14(1), an entity listed in Annex IIa may, for a period of two months from the date on which it was designated, make a payment from frozen funds or economic resources which were received by that entity after the date on which it was designated, provided that:
1. such payment is due under a trade contract; and
2. the competent authority of the relevant Member State has determined that the payment will not directly or indirectly be received by a person or entity listed in Annex II or Annex IIa.