News Release
Financial Sanctions: Zimbabwe

2 August 2005

With the publication of Commission Regulation (EC) No 1272/2005 in the Official Journal of the European Union, (O.J. L201, p.40) on 2 August 2005, the Commission of the European Communities has amended the list of those subject to 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 the Annex to Commission Regulation (EC) No 1272/2005 amends the list of targeted persons in Annex III to Council Regulation (EC) No 314/2004, as amended and replaced by the Annex to Commission Regulation (EC) No 898/2005.

The Bank of England, on behalf of Her Majesty’s Treasury, therefore announces that with immediate effect all funds or economic resources belonging to the persons listed in Annex III to Council Regulation (EC) No 314/2004, as amended by the Annex to Commission Regulation (EC) No 1272/2005, must be frozen. No funds or economic resources are to be made available, directly or indirectly, to or for the benefit of the listed persons. Financial institutions and other bodies and persons in the UK must check whether they maintain any accounts or otherwise hold any funds for the individuals named and, if so, they should freeze the accounts or other funds and report the accounts or other funds and amounts frozen to the Bank of England.

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

The amendments made by the Commission of the European Communities, which take the form of additional names are set out in the Annex to the Bank of England Notice on Zimbabwe dated 2 August 2005.

Previous Notices and news releases regarding Zimbabwe and a consolidated list of individuals and entities subject to these and other UK financial sanctions regimes are available from the Financial Sanctions pages