Overview of current sanctions measures
Current sanction measures implemented by Jersey in relation to Serbia and Montenegro include:
- Prohibiting the satisfying of certain claims in relation to transactions that have been prohibited by the UN Security Council Resolution 757(1992) and related resolutions
22 October 2020
The Sanctions and Asset-Freezing (Implementation of EU Regulations) (Jersey) Order 2020 (the “2020 Order”), made under the Sanctions and Asset Freezing (Jersey) Law 2019 (the “Law”) came into force.
The Order gives effect to the whole of each EU sanctions Regulation specified in Schedule 1, as amended from time to time.
Council Regulation (EC) No 1733/94 of 11 July 1994 (the EU sanctions Regulation) prohibits the satisfying of claims with regard to contracts and transactions the performance of which was affected by the United Nations Security Council Resolution (“UNSCR”) 757(1992) and related resolutions.
The EU sanctions Regulation is implemented in Jersey under the 2020 Order (in force from 22 October 2020).
The offences for this regime are set out in articles 4 and 5 of the 2020 Order, and Parts 3, 6, and 8 of the Sanctions and Asset-Freezing (Jersey) Law 2019( the “SAFL“). These offences include a prohibition against satisfying claims with regards to contracts and transactions whose performance is affected by the implemented EU sanctions Regulation.
The EU sanctions Regulation has effect as if it was an enactment, subject to the limitation that it does not have effect to any extent that it is inconsistent with or repugnant to any provision of an Order in Council made under the United Nations Act 1946 of the UK, being a provision that has effect for the time being in the law of Jersey.
- The Serbia and Montenegro (United Nations Sanctions) (Channel Islands) Order 1993
Note. This legislation is an Order in Council made in the UK. It is not on the Jersey Legal Information Board website and the Order was not made by a Jersey Minister. It remains in force and, like the EU sanctions regulation, implements UNSCR 757(1992). However, it is hoped that the UK will soon revoke this Order.
This regime includes a prohibition against satisfying claims in relation to contracts and transactions the performance of which was affected by measures imposed by UNSCR 757(1992) and related resolutions. The same restrictive measures applies in relation to Serbia and Montenegro.