Joint Proposal for a COUNCIL REGULATION repealing Regulation (EC) No 2488/2000 maintaining a freeze of funds in relation to Mr Milosevic and those persons associated with him
Date: 2014-09-15
Institutions: European Commission, High Representative of the Union
Subjects: Serbia and Montenegro, economic sanctions, head of State, international sanctions













EUR-Lex - 52014JC0034 - EN











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52014JC0034

Joint Proposal for a COUNCIL REGULATION repealing Regulation (EC) No 2488/2000 maintaining a freeze of funds in relation to Mr Milosevic and those persons associated with him /* JOIN/2014/034 final - 2014/0271 (NLE) */









EXPLANATORY MEMORANDUM
(1)              
Pursuant to Council Regulation (EC) No 2488/2000[1] all funds and other
financial resources held outside the Federal Republic of Yugoslavia belonging
to Mr Milosevic and to natural persons associated with him, are to be frozen
and such funds and financial resources are not to be made available to or for
the benefit of those persons, as listed in Annex I to the Regulation. 
(2)              
By means of Council Decision […] the Council
repealed its Common Position 2000/696/CFSP. The Council decided that there is
no ground to continue to apply these restrictive measures, as the persons
listed in the Annex no longer continue to represent a threat to the
consolidation of democracy.
(3)              
The High Representative of the EU for Foreign
Affairs and Security Policy and the Commission propose to repeal Council
Regulation (EC) No 2488/2000 with immediate effect.
2014/0271 (NLE)
Joint Proposal for a
COUNCIL REGULATION
repealing Regulation (EC) No 2488/2000
maintaining a freeze of funds in relation to
Mr Milosevic and those persons associated with him 
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 to Council Decision […][2] repealing Common Position 2000/1696/CFSP on the maintenance of specific
restrictive measures directed against Mr Milosevic and persons associated with
him,
Having regard to the joint proposal of the
High Representative of the Union for Foreign Affairs and Security Policy and of
the Commission,
Whereas:
(1)              
Pursuant to Council Regulation (EC) No 2488/2000[3] all funds and other
financial resources held outside the Federal Republic of Yugoslavia belonging
to Mr Milosevic and to natural persons associated with him, are to be frozen
and such funds and financial resources are not to be made available to or for
the benefit of those persons, as listed in Annex I to the Regulation. 
(2)              
By means of Council Decision […][4] the Council repealed
its Common Position 2000/696/CFSP[5].
The Council decided that there is no ground to continue to apply these restrictive
measures, as the persons listed in the Annex no longer continue to represent a
threat to the consolidation of democracy.
(3)              
It is therefore appropriate to repeal Regulation
(EC) No 2488/2000 with immediate effect,
HAS ADOPTED THIS REGULATION:
Article 1
Regulation (EC) No 2488/2000 is hereby repealed.
Article 2 
This Regulation shall enter into force on
the day of its publication in the Official Journal of the European Union.
This Regulation shall be binding
in its entirety and directly applicable in all Member States.
Done at Brussels,
                                                                       For
the Council
                                                                       The
President
[1]               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).
[2]               […]
[3]               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).
[4]               […]
[5]               Common Position 2000/696/CFSP of 10 November 2000 on
the maintenance of specific restrictive measures directed against Mr Milosevic
and persons associated with him (OJ L 287, 14.11.2000, p. 1).