Policy paper

Financial sanctions, Eritrea

To date, no targets have been designated by the relevant UN Sanctions Committee for the asset freeze, although there are prohibitions on the financing of certain trade activities.

Documents

Detail

On 23 December 2009 the United Nations Security Council, concerned about findings that Eritrea had provided support to armed groups undermining peace and reconciliation in Somalia and that it had not withdrawn its forces following clashes with Djibouti in June 2008, imposed an arms embargo on Eritrea, in addition to travel restrictions on and a freeze on the assets of the political and military leaders of Eritrea.

To date, no targets have been designated by the relevant UN Sanctions Committee for the asset freeze, although there are prohibitions on the financing of certain trade activities.

EU regulations in force

  • 26.07.2010 Council Regulation (EU) No 667/2010 Implemented the measures in UNSCR 1907 (2009) including the freezing of funds and economic resources of persons designated by the UN Sanctions Committee or the Security Council (Annex I).

UK regulations in force

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