Explanatory Memorandum to JOIN(2014)3 - Amendment of Regulation (EU) No 36/2012 concerning restrictive measures in view of the situation in Syria - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
| dossier | JOIN(2014)3 - Amendment of Regulation (EU) No 36/2012 concerning restrictive measures in view of the situation in Syria. |
|---|---|
| source | JOIN(2014)3  |
| date | 24-01-2014 |
Council Regulation (EU) No 36/2012 of 18 January 2012 concerning restrictive measures in view of the situation in Syria gave effect to Council Decision 2011/782/CFSP[1]. Council Decision 2012/739/CFSP[2] repealed and replaced Decision 2011/782/CFSP. On 1 June 2013 Decision 2012/739/CFSP expired. It was succeeded by Decision 2013/255/CFSP which applies until 1 June 2014.
It is necessary to introduce an exemption under the freezing of assets to allow the release of funds or economic resources of Syrian State-owned entities or the Central Bank of Syria to make payments on behalf of the Syrian Arab Republic to the Organisation for the Prohibition of Chemical Weapons (OPCW) for activities related to the OPCW verification mission and the destruction of Syrian chemical weapons, including the OPCW special Trust Fund for the financial resources needed for the activities related to the destruction of Syrian chemical weapons outside of the territory of the Syrian Arab Republic.
Further action by the Union is needed in order to implement these measures. The High Representative of the Union for Foreign Affairs and Security Policy and the Europan Commission propose to amend Regulation (EU) No 36/2012 accordingly.