EU SANCTIONS: COMMISSION PUBLISHES OPINIONS ON APPLICATION OF SPECIFIC PROVISIONS CONCERNING SYRIA, LIBYA, THE CENTRAL AFRICAN REPUBLIC AND UKRAINE

On 11 June, the EU advised that the Opinions involve –

  • changes to 2 specific features of frozen funds: their character (re Libya) and their location (re Syria);
  • the release of frozen funds by way of enforcing a financial guarantee (re CAR); and
  • the prohibition to make funds or economic resources available to listed persons (re Ukraine).

While not binding, the Opinions offer valuable guidance to those who have to apply and follow EU sanctions and support the uniform implementation of sanctions across the EU. 

https://ec.europa.eu/commission/presscorner/detail/en/MEX_21_2962

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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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