Joint Proposal for a COUNCIL REGULATION amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic and financial relations with Iraq
Date: 2012-12-20
Institutions: European Commission, High Representative of the Union
Subjects: Iraq, authoritarian regime, capital transfer, development aid, economic sanctions, international sanctions, liberalisation of trade

EUROPEAN 
COMMISSION 

HIGH REPRESENTATIVE OF THE
EUROPEAN UNION FOR
FOREIGN AFFAIRS AND
SECURITY POLICY

Brussels, 20.12.2012  
JOIN(2012) 38 final 

2012/0369 (NLE) 

Joint Proposal for a 

COUNCIL REGULATION 

amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on 
economic and financial relations with Iraq 

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EXPLANATORY MEMORANDUM 

(1) 

(2) 

(3) 

Council  Regulation  (EC)  No  1210/2003  imposed  certain  restrictive  measures  in 
respect  of  Iraq,  in  accordance  with  Common  Position  2003/495/CFSP  and  UN 
Security  Council  Resolution  1483  (2003).  Article  4  of  the  Regulation  freezes  in 
particular  the  funds  and  economic  resources  of  Saddam  Hussein  and  other  senior 
officials of the former Iraqi regime. In line with paragraph 23 of UNSC Resolution 
1483  (2003)  the  Regulation  allows  the  Member  States  to  unfreeze  such  funds  and 
economic  resources  for  the  purpose  of  their  transfer  to  the  Development  Fund  for 
Iraq. 

On  15  December  2010,  the  UNSC  adopted  Resolution  1956  (2010)  by  which  it 
decided  at  paragraph  5  that  the  full  proceeds  from  the  Development  Fund  for  Iraq 
should be transferred to the Government of Iraq’s successor arrangements account or 
accounts and that the Development Fund for Iraq should be terminated no later than 
30 June 2011. 

In accordance with Council Decision 2012/…/CFSP, Regulation (EC) No 1210/2003 
should  therefore  be  amended  accordingly,  in  order  to  permit  the  transfer  of  frozen 
funds, other financial assets or economic resources to the successor arrangements to 
the  Development  Fund  for  Iraq  put  in  place  by  the  Government  of  Iraq  under  the 
in  UNSC  Resolutions  1483  (2003)  and  1956  (2010).
conditions  set  out 

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2012/0369 (NLE) 

Joint Proposal for a 

COUNCIL REGULATION 

amending Regulation (EC) No 1210/2003 concerning certain specific restrictions on 
economic and financial relations with Iraq 

THE COUNCIL OF THE EUROPEAN UNION, 

Having  regard  to  the  Treaty  on  the  Functioning  of  the  European  Union,  and  in  particular 
Article 215 thereof, 

Having 
regard 
2003/495/CFSP on Iraq1, 

to  Council  Decision  2012/…/CFSP  amending  Common  Position 

Having  regard  to  the  joint  proposal  from  the  High  Representative  of  the  Union  for  Foreign 
Affairs and Security Policy and the Commission, 

Whereas: 

(1) 

(2) 

(3) 

(4) 

(5) 

In line with United Nations Security Council (UNSC) Resolution 1483 (2003), Article 
4  of  Council  Regulation  (EC)  No  1210/2003  of  7  July  2003  concerning  certain 
specific  restrictions  on  economic  and  financial  relations  with  Iraq  and  repealing 
Regulation (EC) No 2465/962 freezes in particular the funds and economic resources 
of Saddam Hussein and other senior officials of the former Iraqi regime.  

In  accordance  with  paragraph  23  of  UNSC  Resolution  1483  (2003),  Article  6(2)  of 
Regulation (EC) No 1210/2003 allows the Member States to unfreeze such funds and 
economic resources for the purpose of their transfer to the Development Fund for Iraq. 

On  15  December  2010,  the  UNSC  adopted  Resolution  1956  (2010)  by  which  it 
decided  at  paragraph  5  that  the  full  proceeds  from  the  Development  Fund  for  Iraq 
should be transferred to the Government of Iraq’s successor arrangements account or 
accounts and that the Development Fund for Iraq should be terminated no later than 30 
June 2011. 

Regulation (EC) No 1210/2003 should therefore be amended to permit the transfer of 
frozen  funds,  other  financial  assets  or  economic  resources  to  the  successor 
arrangements  to  the  Development  Fund  for  Iraq  put  in  place  by  the  Government  of 
Iraq under the conditions set out in UNSC Resolutions 1483 (2003) and 1956 (2010). 

It is also appropriate to update Regulation (EC) No 1210/2003 with recent information 
provided  by  the  Member  States  regarding  the  identification  of  competent  authorities 
and the address of the European Commission. 

1 
2 

OJ L … , … 2010, p. .. . 
OJ L 169, 8.7.2003, p. 6. 

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(6) 

Regulation (EC) No 1210/2003 should therefore be amended accordingly, 

HAS ADOPTED THIS REGULATION: 

Article 1 

Council Regulation (EC) No 1210/2003 is amended as follows: 

(1) In Article 6, paragraph 2 is replaced by the following: 

2. In all other circumstances, funds, economic resources and proceeds of economic resources 
frozen  pursuant  to  Article  4  shall  only  be  unfrozen  for  the  purpose  of  their  transfer  to  the 
successor arrangements to the Development Fund for Iraq put in place by the Government of 
Iraq under the conditions set out in UNSC Resolutions 1483 (2003) and 1956 (2010). 

(2) Annex V is replaced by the text set out in the Annex to this Regulation. 

This  Regulation  shall  enter  into  force  on  the  day  following  that  of  its  publication  in  the 
Official Journal of the European Union. 

Article 2  

This Regulation shall be binding in its entirety and directly applicable in all Member States. 

Done at Brussels,  

For the Council 
The President 

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ANNEX 

"ANNEX V 

Websites for information on the competent authorities referred to in Articles 6, 7 and 8 
and address for notifications to the European Commission 

A. Competent authorities in each Member State: 

BELGIUM 

http://www.diplomatie.be/eusanctions 

BULGARIA 

http://www.mfa.bg/en/pages/135/index.html 

CZECH REPUBLIC 

http://www.mfcr.cz/mezinarodnisankce 

DENMARK 

http://um.dk/da/politik-og-diplomati/retsorden/sanktioner/ 

GERMANY 

http://www.bmwi.de/BMWi/Navigation/Aussenwirtschaft/Aussenwirtschaftsrecht/embargos.h

tml 

ESTONIA 

http://www.vm.ee/est/kat_622/ 

IRELAND 

http://www.dfa.ie/home/index.aspx?id=28519 

GREECE 

http://www.mfa.gr/en/foreign-policy/global-issues/international-sanctions.html 

SPAIN 

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http://www.maec.es/es/MenuPpal/Asuntos/Sanciones%20Internacionales/Paginas/Sanciones_

%20Internacionales.aspx 

FRANCE 

http://www.diplomatie.gouv.fr/autorites-sanctions/ 

ITALY 

http://www.esteri.it/MAE/IT/Politica_Europea/Deroghe.htm 

CYPRUS 

http://www.mfa.gov.cy/sanctions 

LATVIA 

http://www.mfa.gov.lv/en/security/4539 

LITHUANIA 

http://www.urm.lt/sanctions 

LUXEMBOURG 

http://www.mae.lu/sanctions 

HUNGARY 

http://www.kulugyminiszterium.hu/kum/hu/bal/Kulpolitikank/nemzetkozi_szankciok/ 

MALTA 

http://www.doi.gov.mt/EN/bodies/boards/sanctions_monitoring.asp 

NETHERLANDS 

www.rijksoverheid.nl/onderwerpen/internationale-vrede-en-veiligheid/sancties 

AUSTRIA 

http://www.bmeia.gv.at/view.php3?f_id=12750&LNG=en&version= 

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POLAND 

http://www.msz.gov.pl 

PORTUGAL 

http://www.min-nestrangeiros.pt 

ROMANIA 

http://www.mae.ro/node/1548

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SLOVENIA 

http://www.mzz.gov.si/si/zunanja_politika_in_mednarodno_pravo/zunanja_politika/mednarod

na_varnost/omejevalni_ukrepi/  

SLOVAKIA 

http://www.foreign.gov.sk 

FINLAND 

http://formin.finland.fi/kvyhteistyo/pakotteet 

SWEDEN 

http://www.ud.se/sanktioner 

UNITED KINGDOM 

www.fco.gov.uk/competentauthorities 

B. Address for notifications to, or other communication with, the European Commission: 

European Commission  

Service for Foreign Policy Instruments (FPI) 

EEAS 02/309 

B-1049 Brussels  

Belgium 

E-mail: relex-sanctions@ec.europa.eu" 

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