Considerations on COM(2000)150 - Amendment of Council Regulation (EC) No 1294/1999 concerning a freeze of funds and a ban on investment in relation to Yugoslavia (FRY) [and repealing Regulations (EC) No 1295/98 and (EC) No 1607/98]

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dossier COM(2000)150 - Amendment of Council Regulation (EC) No 1294/1999 concerning a freeze of funds and a ban on investment in relation to ...
document COM(2000)150 EN
date April  6, 2000
 
(1) The Council adopted Regulation (EC) No 1294/1999 concerning a freeze of funds and a ban on investment in relation to the Federal Republic of Yugoslavia (FRY)  i

(2) The Council has agreed to maintain its overall policy framework of applying maximum pressure on Milosevic through the strengthening of the sanctions targeted at the regime, without penalising the Serb people;

(3) Under these circumstances the effectiveness of the existing financial sanctions should be enhanced, inter alia, by closing any loopholes that may exist and improving the enforcement:

(4) At the same time the sanctions regime should be adapted with a view to reducing the negative impact on the interests of the Community without diminishing the impact on the targeted natural and legal persons.