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COMMISSION OF THE EUROPEAN COMMUNITIES 
Brussels, 01 03.1996 
COM(%) 89 final 
Proposal for a 
roiiNiriL REGULATION!*^ 
suspending Regulation (EEC) No 990/93 and Regulation (EC) No 2471/94 and repealing 
Reflation (EC) No 2472/94 and Regulation (EC) No 2815/95, concerning the ^ 
interruption of economic and financial relations with the Federal Republic of Yugoslavia 
(Serbia and Montenegro), the United Nations Protected Areas in the Republic of Croatia 
and those areas of the Republic of Bosnia and Herzegovina under the conirol of Bosnian 
Serb forces, 
Draft 
DECISION OF THE REPRESENTATIVES OF THE GOVERNMENTS OF THE 
MEMBER STATES OF THE EUROPEAN COAL AND STEEL COMMUNITY 
MEETING WITHIN THE COUNCIL 
suspending Decision 93/235/ECSC and repealing Decision 95/5 10/ECSC, concerning the 
interruption of economic relations with the Federal Republic of Yugoslavia (Serbia and 
Montenegro), the United Nations Protected Areas in (he Republic of Croatia and those 
areas of the Republic of Bosnia and Herzegovina under the control of Bosnian Serb forces 
(presented by the Commission) 

EXPLANATORY MEMORANDUM 
The present proposal for a Council Regulation (EC) and a draft ECSC Decision aim 
primarily at the suspension of the economic and financial sanctions against the Bosnian 
Serbs in accordance with resolution 1022 (1995) of the Security Council of the United 
Nations. The suspension of the sanctions against the Bosnian Serb party was made 
conditional by the Security Council on the withdrawal by the Bosnian Serb forces behind 
the zones of separation established in the Peace Agreement The Security Council has now 
been satisfied that this withdrawal has taken place. 
In order to make the Community legislation as transparaît as possible for Ihe economic 
operators, the present proposal integrates the provisions of Ihe existing legislation, 
respectively of the European Community and of the European Coal and Steel Community-
dealing with the suspension of the major part of the sanctions with regard to the former 
Socialist Federal Republic of Yugoslavia, and, for this reason provides tor the repeal of 
I hat existing legislation 
There is no need for a separate Common Position of the Council on the basis of Article 
J.2. Common-Position 95/511/CSFP covers already the present proposals. 
Z 
COUNCIL REGULATION (EC) No ...796 
suspending Regulation (EEC) No 990/93 and Regulation (EC) No 2471/94, and repealing 
Regulation (EC) No 2472/94 and Regulation (EC) No 2815/95, concerning the 
interruption of economic and financial relations with the Federal Republic of Yugoslavia 
(Serbia and Montenegro), the United Nations Protected Areas in the Republic of Croatia 
and those areas of the Republic of Bosnia and Herzegovina under the control of Bosnian 
Serb forces, 
THE COUNCIL OF THE EUROPEAN UNION 
Having regard to the Treaty establishing the European Community, and in particular 
Articles 73 g and 228a thereof, 
Having regard to the Common Position of 4 December 1995 defined by the Council on 
the basis of Article J. 2 of the Treaty on European Union, with regard to the suspension of 
the restrictions on trade with the Federal Republic of Yugoslavia (Serbia and 
Montenegro) and with the Bosnian Serb party, decided on by the United Nations Security 
Council in its Resolution 1022 (1995) (J), 
Having regard to the proposal from the Commission, 
Whereas the United Nations Security Council, in view of the agreement reached between 
the parties concerned with regard to the Republic of Bosnia and Herzegovina, has 
decided, in its Resolution 1022 (1995) to suspend the restrictions concerning economic 
and financial relations with the Federal Republic of Yugoslavia (Serbia and Montenegro), 
the United Nations Protected Areas in the Republic of Croatia and, when certain 
conditions are fulfilled, those areas of the Republic of Bosnia and Herzegovina under the 
control of Bosnian Serb forces; 
Whereas the Security Council has been satisfied that the aforementioned conditions are 
fulfilled, 
Whereas the Council already adopted Regulation (EC) No 2815/95 (2), suspending 
Regulation (EEC) No 990/93 (3) with regard to the Federal Republic of Yugoslavia 
(Serbia and Montenegro); 
Whereas, for reasons of transparency, the Community legislation, implementing resolution 
1022 (1995), should be incorporated in an all-embracing Community instrument, and, 
therefore, Regulation (EC) No 2815/95 should be repealed, 
HAS ADOPTED THIS REGULATION: 
Article 1 
]. Regulation (EEC) No 990/93 and Regulation (EC) 2471/94 (4 ) are hereby suspended. 
(1) OJL297,9.12..1995,p.4 
(2) OJL 297,9.12.1995, p. 1 
<3) OJ L 102, 28.4.1993, p.14, as last amended by Regulation (EC) No 1380/95 (OJ L138, 21.6.1995, p.l) 
WOJL 266, 15.10.1994, p.l 
3 
2. As long as the Regulations mentioned in paragraph 1 remain suspended, all funds and 
assets previously frozen or impounded pursuant to those Regulations may be released by 
Member States in accordance with law, provided that any such funds or assets that are 
subject to any claims, liens, judgments, or encumbrances, or which are the funds or assets 
of any person, partnership, corporation, or other entity found or deemed to be insolvent 
under the law or the accounting principles prevailing in the relevant Member State, shall 
remain frozen or impounded until released in accordance with applicable law. 
3. Regulation (EC) 2472/94 (5 ) and Regulation (EC) No 2815/95 are hereby repealed. 
Article 2 
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. 
Done at.... 
For the council 
The President 
(5>OJL266, 15.10.1994, as last amended by Regulation (EEC) No 2229/95 (OJ L 227, 22.9.1995, p.l) 
7 
draft 
DECISION OF THE REPRESENTATIVES OF THE GOVERNMENTS OF THE 
MEMBER STATES, MEETING WITHIN THE COUNCIL, 
suspending Decision 93/235/ECSC and repealing Decision 95/510/ECSC, concerning the 
interruption of economic relations with the Federal Republic of Yugoslavia (Serbia and 
Montenegro), the United Nations Protected Areas in the Republic of Croatia and those 
areas of the Republic of Bosnia and Herzegovina under the control of Bosnian Serb forces 
THE REPRESENTATIVES OF THE GOVERNMENTS OF THE MEMBER STATES 
OF IHE EUROPEAN COAL AND STEEL COMMUNITY, MEETING WITHIN THE 
COUNCIL, 
I laving regard to the Common Position of 4 December 1995 defined by the Council on 
the basis of Article J 2 of the Treaty on European Union, with regard to the suspension of 
the restrictions on trade with the Federal Republic of Yugoslavia (Serbia and 
Montenegro) and with the Bosnian Serb Party, decided on by the United Nations Security 
Council in its Resolution 1022 (1995),(" ) 
Whereas the United Nations Security Council, in view of the agreement reached between 
the parties concerned with regard to the Republic of Bosnia and Herzegovina, has 
decided, in its Resolution 1022 (1995) to suspend the restrictions concerning economic 
and financial relations with the federal Republic of Yugoslavia (Serbia and Montenegro), 
the United Nations Protected Areas in the Republic of Croatia and, when certain 
conditions are fulfilled, those areas of the Republic of Bosnia and Herzegovina under the 
control of Bosnian Serb forces; 
Whereas the Security Council has been satisfied that the aforementioned conditions are 
fulfilled; 
Whereas Decision 95/510/1-CSQ2 ) was taken suspending Decision 93/235/ECSC (;)wifh 
regard to the Federal Republic of Yugoslavia (Serbia and Montenegro), 
Whereas, for reasons of transparency, the existing legislation, implementing resolution 
1022 (1995), should be incorporated in an all-embracing Community instrument, and. 
therefore. Decision 95/5 10/ECSC should be icpeaUxi; 
In ameement with the Commission, 
0> OJL 297, 9.12.1995, p. 4 
(2)OiL 297, 9.12.1995, p.3 
t3 ) OJ L 102, 28.4.1993, p. 17 
^ 
HAVE DECIDED AS FOLLOWS: 
Article 1 
1. Decision 93/235/ECSC is hereby suspended . 
2. Decision 95/510/ECSC is hereby repealed. 
Article 2 
This Decision shall enter into force on the day of its publication in the Official Journal of 
the European Communities. 
Done at 
The President 
G 
ISSN 0254-1475 
COM(96) 89 final 
DOCUMENTS 
EN 11 
Catalogue number : CB-CO-96-094-EN-C 
ISBN 92-78-01204-1 
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>