24 February 2004

By Council Regulation (EC) No 314/2004, the Council of the European Union has, amongst other things, renewed and extended the financial sanctions applicable to various individual members of the Government of Zimbabwe and various persons associated with them. The list of targeted persons set out in Annex III of Regulation (EC) No 314/2004 extends and replaces the list of targeted persons in Annex I to Council Regulation (EC) No 310/2002, which expired on 20 February 2004.

The Bank of England, on behalf of Her Majesty's Treasury, therefore announces that with effect from 21 February 2004 all funds, financial assets and economic resources belonging to the persons listed in Annex III to Council Regulation (EC) No 314/2004, must be frozen. No funds, financial assets or economic resources are to be made available directly or indirectly to or for the benefit of the listed persons. Financial institutions must check whether they maintain any account for the individuals named and, if so, they should freeze the accounts and report the accounts and amounts frozen to the Bank of England.

Copies of this Council Regulation, and earlier Council and Commission Regulations, and the related Bank Notices regarding the financial sanctions regime against Zimbabwe are available from the Financial Sanctions pages.

Notes to Editors

The Council of the European Union introduced financial sanctions against various individual members of the Government of Zimbabwe and various persons associated with them on 21 February 2002 (Council Regulation (EC) No. 310/2002). The list of targeted persons in Annex I to Council Regulation (EC) No. 310/2002 was first extended by Commission Regulation (EC) No. 1345/2002 of 24 July 2002 and subsequently by Commission Regulation (EC) No. 1643/2002 of 13 September 2002. Council Regulation (EC) No 310/2002 expired on 20 February 2004.

The list of targeted persons is amended and extended for a third time in Annex III to Council Regulation (EC) No 314/2004, published in the Official Journal of the European Union on 24 February 2004.

Key Resources

	Bank of England Notice 24 February 2004 Download PDF (81k)
	Council Regulation (EC) No 314/2004 19 February 2004 Download PDF (158k)