Regulation 36/2012 repealed and replaced Council Regulation (EU) No 442/2011 and imposed inter alia additional restrictions on transfer of funds and the provision of financial services, together with prohibitions on -
- the sale, supply, transfer or export (directly or indirectly) of equipment that may be used for internal repression;
- the provision of technical assistance or brokering services relating to equipment that may be used for internal repression;
- the provision of finance or technical or financial assistance relating to military goods (including export credits, grants, loans etc);
- the sale, supply, transfer or export (directly or indirectly) of equipment, technology or software for surveillance - or the supply of technical or financial assistance, or brokering services related to such;
- the provision of any telecommunications monitoring or interception services;
- the import, purchase or transporting of crude oil and petroleum products originating in Syria, or providing financing or financial assistance related to such; and
- participation in infrastructure projects and financing certain enterprises.
Regulation 36/2012 included revised lists of persons and entities subject to a freezing of funds and economic resources, and Regulation 55/2012 added further names to those lists.
Following the coming into operation of the Order, as of 10 February 2012 sanctions imposed in respect of Syria in the Isle of Man corresponded to those in place in the UK and other Member States.
For more information contact the Sanctions Officer.