EU REGULATION CREATES LEBANON SANCTIONS REGIME – NO NAMES LISTED

EU Regulation 2021/1275/EU creates a new sanctions regime which creates a framework for targeted restrictive measures to address the situation in Lebanon.  A linked EU Council Decision provides for the freezing of funds and economic resources of and the prohibition to make funds and economic resources available to natural persons responsible for grave financial, economic, social and political crisis in Lebanon and natural or legal persons, entities and bodies associated with them. The persons, entities and bodies subject to the restrictive measures would be listed in the Annex to that Decision.

https://eur-lex.europa.eu/legal-content/EN/AUTO/?uri=uriserv:OJ.LI.2021.277.01.0001.01.ENG&toc=OJ:L:2021:277I:TOC

https://eur-lex.europa.eu/legal-content/EN/AUTO/?uri=uriserv:OJ.LI.2021.277.01.0016.01.ENG&toc=OJ:L:2021:277I:TOC

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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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