2000R2488 — EN — 01.05.2004 — 002.001 — 1
This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents
►B COUNCIL REGULATION (EC) No 2488/2000
of 10 November 2000
maintaining a freeze of funds in relation to Mr Milosevic and those persons associated with him
and repealing Regulations (EC) Nos 1294/1999 and 607/2000 and Article 2 of Regulation (EC) No
926/98
(OJ L 287, 14.11.2000, p. 19)
Amended by:
Official Journal
No page date
►M1 Commission Regulation (EC) No 1205/2001 of 19 June 2001 L 163 14 20.6.2001
Amended by:
►A1 Act concerning the conditions of accession of the Czech Republic, the
Republic of Estonia, the Republic of Cyprus, the Republic of Latvia,the Republic of Lithuania, the Republic of Hungary, the Republic of
Malta, the Republic of Poland, the Republic of Slovenia and the Slovak
Republic and the adjustments to the Treaties on which the EuropeanUnion is foundedL 236 33 23.9.2003
▼B
COUNCIL REGULATION (EC) No 2488/2000
of 10 November 2000
maintaining a freeze of funds in relation to Mr Milosevic and those
persons associated with him and repealing Regulations (EC) Nos1294/1999 and 607/2000 and Article 2 of Regulation (EC) No 926/98
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, andin particular Articles 60 and 301 thereof,
Having regard to Common Position 2000/599/CFSP of 9 October 2000
on support to a democratic FRY and the immediate lifting of certain
restrictive measures (
1), and to Common Position 2000/696/CFSP of
10 November 2000 on the maintenance of specific restrictive measuresdirected against Mr Milosevic and persons associated with him (
2),
Having regard to the proposal from the Commission,
Whereas:
(1) On 15 June 1999, the Council adopted Regulation (EC) No
1294/1999 concerning a freeze of funds and a ban on investmentin relation to the Federal Republic of Yugoslavia (FRY) (
3)
because of the continued violation of human rights and interna-tional humanitarian law by the Government of that country.
(2) Following the elections on 24 September 2000, a new Presidentof the FRY was democratically elected and formally sworn in,
namely Mr V. Kostunica.
(3) On 9 October 2000, the Council approved a declaration on theFRY calling for a lifting of all sanctions imposed on the FRY
since 1998, with the exception of the provisions affecting theformer President of the FRY, Mr Slobodan Milosevic and thosepersons associated with him, as they continue to represent athreat to the consolidation of democracy in the FRY.
(4) Therefore, the scope of provisions of the present legal frame-work concerning the freezing of funds held abroad by the
Governments of the FRY and of the Republic of Serbia should
be restricted to cover Mr. Milosevic and the persons associatedwith him.
(5) These measures fall within the scope of the Treaty.
(6) Therefore, and with a view to avoiding distortion of competition,Community legislation is necessary for the implementation ofthe said measures as far as the territory of the Community isconcerned. Such territory is deemed to encompass, for thepurposes of this Regulation, all the territories of the Member
States to which the Treaty is applicable, under the conditions
laid down in that Treaty.
(7) The competent authorities of the Member States should, wherenecessary, be empowered to ensure compliance with the provi-sions of this Regulation.
(8) There is a need for the Commission and the Member States toinform each other of the measures taken under this Regulationand of other relevant information at their disposal in connectionwith this Regulation, without prejudice to existing obligations
with regard to certain items concerned.
(9) It is desirable that penalties for violations of the provisions of
this Regulation can be imposed as of the date of the entry intoforce of this Regulation.2000R2488 — EN — 01.05.2004 — 002.001 — 2
(1) OJ L 261, 14.10.2000, p. 1.
(2) See page 1 of this Official Journal.
(3) OJ L 153, 19.6.1999, p. 63. Regulation as last amended by Commission
Regulation (EC) No 1440/2000 (OJ L 161, 1.7.2000, p. 68).
▼B
(10) For reasons of transparency and simplicity, the main provisions
of Regulation (EC) No 1294/1999 have been incorporated into
this Regulation and therefore the former Regulation shall berepealed. For the same reasons, Regulation (EC) No 607/2000 (
1) and Article 2 of Regulation (EC) No 926/98 (2) should
also be repealed.
(11) A procedure should be laid down for amending the Annexes tothis Regulation and for granting specific exemptions for strictly
humanitarian purposes.
(12) The measures necessary for the implementation of this Regula-tion should be adopted in accordance with Council Decision
1999/468/EC of 28 June 1999 laying down the procedures forthe exercise of implementing powers conferred on the Commis-sion (
3),
HAS ADOPTED THIS REGULATION:
Article 1
1. All funds held outside the territory of the Federal Republic of
Yugoslavia belonging to Mr Milosevic and to natural persons asso-
ciated with him, as listed in Annex I, shall be frozen.
2. No funds shall be made available, directly or indirectly, to or for
the benefit of any person referred to in paragraph 1.
3. For the purpose of this Regulation:
— funds means: financial assets and economic benefits of any kind,
including, but not necessarily limited to, cash, cheques, claims on
money, drafts, money orders and other payment instruments;deposits with financial institutions or other entities, balances onaccounts, debts and debt obligations; publicly and privately tradedsecurities and debt instruments, including stocks and shares, certifi-cates representing securities, bonds, notes, warrants, debentures,
derivatives contracts; interest, dividends or other income on or
value accruing from or generated by assets; credit, right of set-off,guarantees, performance bonds or other financial commitments;letters of credit, bills of lading, bills of sale; documents evidencingan interest in funds or financial resources, and any other instrument
of export-financing;
— freezing of funds shall mean: preventing any move, transfer, altera-
tion, use of or dealing with funds in any way that would result inany change in their volume, amount, location, ownership, posses-sion, character, destination or other change that would makepossible the use of the funds, including portfolio management,
except that any interest or income arising or any capital automati-
cally repayable on maturity of any funds shall be paid into andheld in a frozen account.
Article 2
1. The participation, knowingly and intentionally, in related activ-
ities, the object or effect of which is, directly or indirectly, to promotethe transactions or activities referred to in Article 1 or to circumventthe provisions of this Regulation shall be prohibited.
2. Any information that the provisions of this Regulation are being,
or have been circumvented shall be notified to the competent authori-ties of the Member States as listed in Annex II and/or the Commission.2000R2488 — EN — 01.05.2004 — 002.001 — 3
(1) OJ L 73, 22.3.2000, p. 4. Regulation as last amended by Regulation (EC)
No 2227/2000 (OJ L 261, 14.10.2000, p. 3).
(2) OJ L 130, 1.5.1998, p. 1.
(3) OJ L 184, 17.7.1999, p. 23.
▼B
Article 3
1. Without prejudice to the applicable rules concerning reporting,
confidentiality and professional secrecy and to the provisions of Article284 of the Treaty, banks, other financial institutions, insurance compa-nies, and other bodies and persons shall:
(a) provide immediately any information which would facilitate
compliance with this Regulation, such as accounts and amountsfrozen in accordance with Article 1:
— to the competent authorities of the Member States listed in
Annex II where they are resident or located, and
— directly or through these competent authorities to the Commis-
sion,
(b) cooperate with the competent authorities listed in Annex II in any
verification of this information.
2. Any information provided or received in accordance with this
Article shall be used only for the purposes for which it was provided
or received.
3. Any information directly received by the Commission shall be
made available to the competent authorities of the Member States
concerned.
Article 4
1. The measures necessary for the implementation of this Regulation
relating to the matters referred to below with the exception of those
referred to in paragraph (c) shall be adopted in accordance with themanagement procedure referred to in Article 5(2).
2. The Commission shall be empowered:
(a) to amend Annex I, taking into account decisions implementing
Common Position 2000/696/CFSP,
(b) on an exceptional basis, to grant exemptions to Article 1 for strictly
humanitarian purposes.
(c) on the basis of information supplied by Member States, to amend
data on competent authorities of the Member States listed in Annex
II.
3. Any request by a person for an exemption referred to in para-
graph 2(b) or for an amendment of Annex I shall be made throughthe competent authorities of the Member States listed in Annex II.
The competent authorities of the Member States shall verify, to the
fullest extent possible, the information provided by the persons makinga request.
Article 5
1. The Commission shall be assisted by the Committee established
under Regulation (EC) No 2271/96.
2. Where reference is made to this paragraph, Articles 4 and 7 of
Decision 1999/468/EC shall apply.
The period laid down in Article 4(3) of Decision 1999/468/EC shall be
set at 10 working days.
3. The Committee shall adopt its rules of procedure.
Article 6
1. The Committee referred to in Article 5 shall examine all ques-
tions concerning the application of this Regulation, which may be
raised either by the chairman or by a representative of a Member State.
2. The Committee shall regularly review the effectiveness of the
provisions of this Regulation and the Commission shall, on the basisof that review, report regularly to the Council.2000R2488 — EN — 01.05.2004 — 002.001 — 4
▼B
Article 7
The Commission and the Member States shall inform each other of the
measures taken under this Regulation and supply each other with the
relevant information at their disposal in connection with this Regula-
tion, in particular information received in accordance with Article 3,and in respect of violation and enforcement problems or judgmentshanded down by national courts.
Article 8
Each Member State shall determine the sanctions to be imposed where
the provisions of this Regulation are infringed. Such sanctions shall beeffective, proportionate and dissuasive. Pending the adoption, wherenecessary, of any legislation to this end, the sanctions to be imposed
where the provisions of this Regulation are infringed shall be those
determined by the Member States in accordance with Article 12 ofRegulation (EC) No 1294/1999.
Article 9
Regulations (EC) Nos 1294/99 and 607/2000 and Article 2 of Regula-
tion (EC) No 926/98 shall be repealed.
Article 10
This Regulation shall apply:
— within the territory of the Community including its airspace,
— on board any aircraft or any vessel under the jurisdiction of a
Member State,
— to any person elsewhere who is a national of a Member State,— to any body which is incorporated or constituted under the law of a
Member State.
Article 11
This Regulation shall enter into force on the day of its publication in
the Official Journal of the European Communities .
This Regulation shall be binding in its entirety and directly applicable
in all Member States.2000R2488 — EN — 01.05.2004 — 002.001 — 5
▼M1
ANNEX I
Milosevic, Slobodan Former President of the Federal Republic of Yugo-
slavia, born at Pozarevac, Republic of Serbia, on 20
August 1941
Gajic-Milosevic, Milica Daughter-in-law, born 1970
Markovic, Mirjana Wife, born on 10 July 1942
Milosevic, Borislav Brother, born 1936Milosevic, Marija Daughter, born 1965
Milosevic, Marko Son, born on 2 July 1974
Milutinovic, Milan President of Serbia, born at Belgrade, Republic of
Serbia, on 19 December 1942
Ojdanic, Dragoljub Former Minister of Defence, born at Ravni,
Republic of Serbia, on 1 June 1941
Sainovic, Nikola Former Deputy Prime Minister, born at Bor,
Republic of Serbia, on 7 December 1948
Stojilkovic, Vlajko Former Minister of the Interior, born at Mala
Krsna, Republic of Serbia, in 1937
Mrksic, Mile Indicted by International Criminal Tribunal for
former Yugoslavia (IT-95-13a), born near Vrigin-
most, Croatia, on 20 July 1947
Radic, Miroslav Indicted by International Criminal Tribunal for
former Yugoslavia (IT-95-13a), born on 1 January
1961
Sljivancanin, Veselin Indicted by International Criminal Tribunal for
former Yugoslavia (IT-95-13a), born near Zabljak,
Republic of Montenegro, on 13 June 19532000R2488 — EN — 01.05.2004 — 002.001 — 6
▼B
ANNEX II
List of competent authorities referred to in Articles 2(2), 3 and 4
BELGIUM
Ministère des finances
‘Trésorerie’Avenue des Arts 30B-1040 BruxellesFax (32 2) 233 75 18
CZECH REPUBLIC
Ministerstvo financí
Finan ční analytický útvar
P.O. BOX 675Jindřišská 14
111 21 Praha 1Tel.: +420 2 57044501Fax.: +420 2 57044502
DENMARK
Erhvervsfremmestyrelsen
Langelinie Allé 17DK-2100 København ØTlf. (45) 35 46 60 00Fax (45) 35 46 62 03
GERMANY
Landeszentralbank in Baden-Württemberg
Postfach 10 60 21
D-70049 StuttgartTel. (07 11) 944-11 20/21/23Fax (07 11) 944-19 06
Landeszentralbank im Freistaat Bayern
D-80291 MünchenTel. (0 89) 28 89-32 64Fax (0 89) 28 89-38 78
Landeszentralbank in Berlin und Brandenburg
Postfach 11 01 60D-10831 BerlinTel. (0 30) 34 75/11 10/15/20Fax (0 30) 34 75/11 90
Landeszentralbank in der Freien Hansestadt Hamburg, in Mecklenburg-Vorpom-
mern und Schleswig-Holstein
Postfach 57 03 48D-22772 HamburgTel. (0 40) 37 07-66 00Fax (0 40) 37 07-66 15
Landeszentralbank in Hessen
Postfach 11 12 32
D-60047 Frankfurt am MainTel. (0 69) 23 88-19 20Fax (0 69) 23 88-19 19
Landeszentralbank in der Freien Hansestadt Bremen, in Niedersachsen und
Sachsen-Anhalt
Postfach 2 45D-30002 HannoverTel. (05 11) 30 33-27 23Fax (05 11) 30 33-27 30
Landeszentralbank in Rheinland-Pfalz und im Saarland
Postfach 10 11 48
Tel. (02 11) 8 74-23 73/31 59
Fax (02 11) 8 74-23 782000R2488 — EN — 01.05.2004 — 002.001 — 7
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Landeszentralbank in den Freistaaten Sachsen und Thüringen
Postfach 90 11 21
D-04103 Leipzig
Tel. (03 41) 8 60-22 00
Fax (03 41) 8 60-23 89
Bundesausfuhramt
Referat 214
Postfach 51 60
D-65726 Eschborn
Tel. (0 61 96) 9 08-0Fax (0 61 96) 9 08-412
ESTONIA
Finantsinspektsioon
Sakala 4
15030 Tallinn
Tel: +372 66 80 500
Fax: +372 66 80 501
GREECE
ΥπουργείοΕθνικήςΟικονοµίας
ΓενικήΓραµµατεία∆ιεθνώνΟικονοµικώνΣχέσεων
Γενική∆ιεύθυνσηΕξωτερικώνΟικονοµικώνκαιΕµπορικώνΣχέσεων
∆ιευθυντήςΒ.Βουτσινάς
ΕρµούκαιΚορνάρου1
Ελλάς -105 63Αθήνα
Τηλ:(301)32 86 431-32
Φαξ:(301)32 86 434
(Ministry of National Economy
Secretariat-General for International Economic Relations
Directorate-General for External Economic and Trade Relations)Director V. Voutsinas
Ermou and Cornarou 1
GR-105 63 Athens
Tel. (301) 32 86 431-32
Fax (301) 32 86 434
SPAIN
Ministerio de Economía
Dirección General de Comercio e Inversiones
Paseo de la Castellana, 162
E-28046 MadridTel.: (34 91) 349 39 83
Fax: (34 91) 349 35 62
Dirección General del Tesoro y Política Financiera
Paseo del Prado, 6
E-28014 Madrid
Tel.: (34 91) 209 95 11
Fax: (34 91) 209 96 56
FRANCE
Ministère de l'économie, des finances et de l'industrie
Direction du TrésorBureau E1
139, rue du Bercy
F-75572 Paris—
cedex 12 SP
IRELAND
Articles2(2)and3
FinancialMarketsDepartment
DameStreet
Dublin2
IrelandTel.(3531)67166662000R2488 — EN — 01.05.2004 — 002.001 — 8
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Central Bank of Ireland
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Article 4(2)Department of Foreign Affairs
Bilateral Economic Relations Section
76-78 Hartcourt StreetDublin 2
Ireland
Tel. (353 1) 408 24 92
ITALY
Ministero del Commercio estero - ROMA
GabinettoTel. (39 06) 59 93 23 10
Fax (39 06) 59 64 74 94
CYPRUS
ΥπουργείοΕξωτερικών
ΛεωφόροςΠροεδρικούΜεγάρου
1447Λευκωσία
(MinistryofForeignAffairs
Presidential Palace Avenue1447 Nicosia)Tel: +357-22-300600
Fax: +357-22-661881
ΓενικόςΕισαγγελέαςτης∆ηµοκρατίας
ΟδόςΑπελλήΑρ.1
1403Λευκωσία
(AttorneyGeneraloftheRepublic
1 Apellis Street
1403 Nicosia)
Tel: +357-22-889100Fax: +357-22-665080
LATVIA
Latvijas Republikas Ārlietu ministrija
Brīvības bulv āris 36
Rīga
LV 1395
Tel: +371 7016201Fax: +371 7828121
LITHUANIA
Lietuvos Respublikos užsienio reikal ųministerija
J.Tumo-Vaižganto 2
LT-2600 Vilnius
Tel: +370 5 236 24 44Fax. +370 5 231 30 90
LUXEMBOURG
Ministère des affaires étrangères
Direction des relations économiques internationales et de la coopération
BP 1602L-1016 Luxembourg
HUNGARY
Pénzügyminisztérium
József nádor tér 2-4.
1051 Budapest
Tel: +36-1-327 2100Fax: +36-1-318 2570
MALTA
Bord ta' Sorveljanza dwar is-Sanzjonijiet
Direttorat ta' l-Affarijiet Multilaterali
Ministeru ta' l-Affarijiet Barranin
Palazzo ParisioTriq il-Merkanti
Valletta CMR 02
Tel: +356 21 24 28 53Fax: +356 21 25 15 202000R2488 — EN — 01.05.2004 — 002.001 — 9
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NETHERLANDS
Ministerie van Financiën
Directie Wetgeving, Juridische en Bestuurlijke Zaken
Postbus 202012500 EE Den Haag
Nederland
Tel. (31-70) 342 82 27Fax (31-70) 342 79 05
AUSTRIA
Bundesministerium für wirtschaftliche Angelegenheiten
Abteilung II/A/2
Landstrasser Hauptstraße 55-57
A-1030 Wien
Österreichische Nationalbank
Otto Wagnerplatz 3
A-1090 Wien
Tel. (43 1) 40 420
POLAND
Ministerstwo Spraw Zagranicznych
Departament Prawno - Traktatowy
Al. J. Ch. Szucha 23
PL-00-580 Warszawa
Tel: +48 22 523 93 48
Fax: +48 22 523 91 29
PORTUGAL
Ministério das Finanças
Direcção-Geral dos Assuntos Europeus e Relações Internacionais
Avenida Infante D. Henrique, n.
o1C, 2.o
P-1100-273 Lisboa
SLOVENIA
Articles2(2),and3
Slovenska35
1505Ljubljana
Tel.:+386(1)4719000
Fax:+386(1)2515516
http://www.bsi.si
SLOVAKIA
Ministerstvo financií
Štefanovi čova 5
817 82 BratislavaTel: +421 2 5958 2201
Fax: +421 2 5249 3531
FINLAND/SUOMI
Ulkoasiainministeriö
PL 176
FIN-00161 Helsinki
Utrikesministeriet
PB 176
FIN-00161 Helsingfors
SVERIGE
Articl
 e2(2)
Box16370
S-10327Stockholm
Tfn(46-8)4536600
Fax(46-8)45366992000R2488 — EN — 01.05.2004 — 002.001 — 10
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RiksåklagarenBanka  Slovenije
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Articles3and4(2)
Utrikesdepartementet
Rättssekretariatet för EU-frågor
Fredsgatan 6
S-103 39 Stockholm
Tfn (46-8) 405 10 00
Fax (46-8) 723 11 76
UNITED KINGDOM
Bank of England
Sanctions Emergency Unit
London EC2R 8AH
Tel. (44 207) 601 46 07
Fax (44 207) 601 43 09
HM Treasury
International Financial Services
Parliament Street
London SW1P 3AG
Tel. (44 207) 207 55 50
Fax (44 207) 207 43 652000R2488 — EN — 01.05.2004 — 002.001 — 11
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