EU expands sanctions against Somalia by targeting charcoal trade

more+
less-

As of 18 July 2012, the EU has implemented a new ban on trade of charcoal from Somalia as part of its sanctions against the country. This new ban, which also prohibits insurance and re-insurance related to such trade provided by EU parties, follows a recent UN call for all members to take necessary measures to prevent the direct or indirect import of charcoal – an identified significant revenue source for the militant Al-Shabaab group – from Somalia. The charcoal trade ban is accompanied by the listing of one new designated person subject to the EU’s asset freeze.

Background

The EU’s current Somalia sanctions regime follows the UN sanctions framework, which includes an arms embargo and prohibition of the related supply of goods, assistance and services. The EU-wide rules and restrictions under the current EU regime for sanctions against Somalia can be found in the following Regulations...

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: General Business Updates, Elections & Politics Updates, Finance & Banking Updates, International Trade Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© White & Case LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »