News Release
Financial Sanctions: Zimbabwe
3 July 2007
This news release is issued in respect of the financial sanctions taken against Zimbabwe.
With the publication of Commission Regulation (EC) No 777/2007 in the Official Journal of the European Union, (O.J. L173, 3.7.2007, p.3) on 3 July 2007, the Commission of the European Communities has amended the list in Annex III to Council Regulation (EC) No 314/2004 of those subject to the financial sanctions applicable to certain members of the Government of Zimbabwe and persons associated with them.
All funds or economic resources belonging to the persons listed in Annex III to Council Regulation (EC) No 314/2004, as amended and replaced, 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.
The Annex to this news release sets out in more detail the significant amendments made by the Commission of the European Communities in Commission Regulation (EC) 777/2007 which take the form of two additional names, one deleted name and updated identifiers.
Details of this Commission Regulation, previous Regulations, related Bank 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 of the Bank of England’s website.
Key Resources
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Annex Financial Sanctions: Zimbabwe Commission Regulation (EC) No 777/2007 Download PDF (15k) 3 July 2007 |
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Commission Regulation (EC) No 777/2007
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