NICARAGUA: EU ADOPTS CONCLUSIONS, A FRAMEWORK AND EU REGULATION FOR TARGETED SANCTIONS

Baker McKenzie on 14th October reported that the Council of the EU had announced that it adopted a framework for targeted restrictive measures in view of the situation in Nicaragua.  Sanctions are to consist of a travel ban to the EU and an asset freeze for persons, an asset freeze for entities, and EU persons and entities are forbidden from making funds available to those listed.  However, EU Regulation 2019/1716/EU on 14th October contained no names in Annex I, where such names would be listed.

https://www.internationaltradecomplianceupdate.com/2019/10/14/nicaragua-eu-adopts-conclusions-and-a-framework-for-targeted-sanctions/

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32019R1716&from=EN

https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32019D1720&from=EN

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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