Guidance

Financial sanctions, Federal Republic of Yugoslavia and Serbia

Federal Republic of Yugoslavia and Serbia is no longer subject to financial sanctions.

• From: HM Treasury
• Published: 23 August 2003
• Last updated: 30 October 2014
  Show all updates

  1. 30 October 2014

     Federal Republic of Yugoslavia and Serbia is no longer subject to financial sanctions.

  2. 29 October 2014

     Added notice 29/10/14 Federal Republic of Yugoslavia and Serbia and removed list of designated persons (as the regulation has now been repealed)

  3. 23 August 2003

     First published.

This was published under the 1997 to 2007 Blair Labour government

This publication was withdrawn on 20 April 2015

Sanctions against the Federal Republic of Yugoslavia and Serbia have now been repealed by the European Union.

Documents

Latest HM Treasury notice, 29/10/14 Federal Republic of Yugoslavia and Serbia

PDF, 158 KB, 4 pages

HM Treasury notice, 21/06/01 Federal Republic of Yugoslavia and Serbia

PDF, 95.8 KB, 2 pages

HM Treasury notice, 14/11/00 Federal Republic of Yugoslavia and Serbia

PDF, 102 KB, 2 pages

Details

In 1998 the European Union imposed a freeze on the funds of the governments of the Federal Republic of Yugoslavia (FRY) and the Republic of Serbia. In 2001, the financial sanctions were amended to cover only those funds belonging to Mr Slobodan Milosevic, and certain members of his family and other close associates. In October 2014, the European Union repealed these financial sanctions.

EU regulations in force

• 29.10.2014 Council Regulation (EU) No 1145/2014 Repealed Council Regulation (EC) No 2488/2000.

• 24.06.2010 Council Regulation (EU) No 554/2010 Amended Council Regulation (EC) No 2488/2000 to align with developments in sanctions practice regarding Union jurisdiction and identification of competent authorities.

• 19.06.2001 Commission Regulation (EC) No 1205/2001 Amended Annex I to Council Regulation (EC) No 2488/2000. Modified the financial sanctions to cover only those funds belonging to the former President of the FRY, Mr Slobodan Milosevic, and certain members of his family and other close associates.

• 10.11.2000 Council Regulation (EC) No 2488/2000 Modified the financial sanctions to cover only those funds belonging to the former President of the FRY, Mr Slobodan Milosevic and those persons associated with him, as listed in Annex I to that Regulation. Replaced Council Regulation (EC) No 1294/1999, as amended.

UK regulations in force

• 02.10.2001 The Federal Republic of Yugoslavia (Freezing of Funds) (Amendment) Regulations 2001 (SI 2001/3087)
• 05.02.2001 The Federal Republic of Yugoslavia (Freezing of Funds) Regulations 2001 (SI 2001/59)