Considerations on COM(2011)645 - Amendment of Regulation (EU) No 442/2011 concerning restrictive measures in view of the situation in Syria

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dossier COM(2011)645 - Amendment of Regulation (EU) No 442/2011 concerning restrictive measures in view of the situation in Syria.
document COM(2011)645 EN
date October 13, 2011
 
table>(1)On 9 May 2011, the Council adopted Regulation (EU) No 442/2011 (2) concerning restrictive measures in view of the situation in Syria.
(2)On 2 September 2011 (3), the Council amended Regulation (EU) No 442/2011 to extend the measures against Syria, including an expansion of the listing criteria, and a prohibition on the purchase, import or transportation of crude oil from Syria. On 23 September 2011 (4), the Council again amended Regulation (EU) No 442/2011 extending further the measures against Syria, to include a prohibition on investment in the crude oil sector, the addition of further listings, and a prohibition of the delivery of Syrian banknotes and coins to the Central Bank of Syria.

(3)Council Decision 2011/684/CFSP (5) amending Decision 2011/273/CFSP provides for an additional measure, namely the listing of an additional entity, together with a derogation permitting, for a limited period, the use of frozen funds subsequently received by that entity in connection with the financing of trade with non-designated persons and entities.

(4)That measure falls within the scope of the Treaty on the Functioning of the European Union and regulatory action at the level of the Union is therefore necessary in order to implement it, in particular with a view to ensuring its uniform application by economic operators in all Member States.

(5)In order to ensure that the measure provided for in this Regulation is effective, this Regulation must enter into force immediately upon its publication,