Regulation 2011/950 - Amendment of Regulation (EU) No 442/2011 concerning restrictive measures in view of the situation in Syria

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Contents

  1. Current status
  2. Key information
  3. Key dates
  4. Legislative text
  5. Original proposal
  6. Sources and disclaimer
  7. Full version
  8. EU Monitor

1.

Current status

This regulation was in effect from September 24, 2011 until January 18, 2012.

2.

Key information

official title

Council Regulation (EU) No 950/2011 of 23 September 2011 amending Regulation (EU) No 442/2011 concerning restrictive measures in view of the situation in Syria
 
Legal instrument Regulation
Number legal act Regulation 2011/950
Original proposal COM(2011)590 EN
CELEX number1 32011R0950

3.

Key dates

Document 23-09-2011
Publication in Official Journal 24-09-2011; OJ L 247 p. 3-7
Effect 24-09-2011; Entry into force Date pub. See Art 4
End of validity 18-01-2012; Repealed by 32012R0036

4.

Legislative text

24.9.2011   

EN

Official Journal of the European Union

L 247/3
 

COUNCIL REGULATION (EU) No 950/2011

of 23 September 2011

amending Regulation (EU) No 442/2011 concerning restrictive measures in view of the situation in Syria

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 2011/273/CFSP of 9 May 2011 concerning restrictive measures against Syria (1),

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

Whereas:

 

(1)

On 9 May 2011, the Council adopted Regulation (EU) No 442/2011 concerning restrictive measures in view of the situation in Syria (2).
 

(2)

By Regulation (EU) No 878/2011 (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 from Syria of crude oil.
 

(3)

By Council Decision 2011/628/CFSP (4) which amended Decision 2011/273/CFSP, the Council agreed on the adoption of further measures, namely a prohibition on investment in the crude oil sector, the addition of further listings, the prohibition of the delivery of Syrian banknotes and coins to the Central Bank of Syria and some adjustments to the provisions protecting economic operators against claims related to the implementation of sanctions.
 

(4)

Those measures fall 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 them, in particular with a view to ensuring their uniform application by economic operators in all Member States.
 

(5)

In order to ensure that the measures provided for in this Regulation are effective, this Regulation must enter into force immediately upon its publication,

HAS ADOPTED THIS REGULATION:

Article 1

Regulation (EU) No 442/2011 is hereby amended as follows:

 

(1)

In Article 1, the following point is inserted:

 

‘(j)

‘Syrian person, entity or body’ means:

 

(i)

the State of Syria or any public authority thereof;
 

(ii)

any natural person in, or resident in, Syria;
 

(iii)

any legal person, entity or body having its registered office in Syria;
 

(iv)

any legal person, entity or body, inside or outside Syria, owned or controlled directly or indirectly by one or more of the above mentioned persons or bodies;’;
 

(2)

The following Article is inserted:

‘Article 2a

It shall be prohibited to sell, supply, transfer or export, directly or indirectly, new Syrian denominated banknotes and coinage, printed or minted in the European Union, to the Central Bank of Syria.’;
 

(3)

The following Article is inserted:

‘Article 3c

  • 1. 
    The following shall be prohibited:
 

(a)

the granting of any financial loan or credit to any Syrian person, entity or body referred to in paragraph 2;
 

(b)

the acquisition or extension of a participation in any Syrian person, entity or body referred to in paragraph 2;
 

(c)

the creation of any joint venture with any Syrian person, entity or body referred to in paragraph 2;
 

(d)

the participation, knowingly and intentionally, in activities the object or effect of which is to circumvent the prohibitions referred to in points (a), (b) or (c).
  • 2. 
    The prohibitions in paragraph 1 shall apply to any Syrian person, entity or body engaged in the exploration, production or refining of crude oil.
  • 3. 
    For the purposes of paragraph 2 only, the following definitions...

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This text has been adopted from EUR-Lex.

5.

Original proposal

 

6.

Sources and disclaimer

For further information you may want to consult the following sources that have been used to compile this dossier:

This dossier is compiled each night drawing from aforementioned sources through automated processes. We have invested a great deal in optimising the programming underlying these processes. However, we cannot guarantee the sources we draw our information from nor the resulting dossier are without fault.

 

7.

Full version

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8.

EU Monitor

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