A further easing of the sanctions
There has been a furthereasing of the sanctionsinvolvingthree previoulsy listed companies.Please click here for the HM Treasury notice on the topic.
1. APROCANCI (COTE D’IVOIRE ASSOCIATION OF NATURAL RUBBER PRODUCERS)
2. RTI (IVORIAN RADIO AND TELEVISION)
3. SOGEPE (NATIONAL ELECTRICITY MANAGEMENT)
Easing of European Union Council sanction against Ivory Coast
European Union Council Regulation (EU) No 419/2011 implemented on 29 April 2011 amends the restrictive measures imposed on persons and entities designated in EU Regulations 560/2005 and 25/2011.
The restrictive measures consisting of the freezing of assets have now been eased with respect to the following entities:
PETROCI (National Petroleum Operations Company of Côte d’Ivoire
BNI (National Investment Bank)
BFA (Agricultural Credit Bank)
Versus Bank
Caisse d’Epargne de Côte d’Ivoire (Savings Bank of Côte d’Ivoire)
Banque de l’Habitat de Côte d’Ivoire (BHCI) (Housing Bank of Côte d’Ivoire)
The regulation, which can be accessed here, is applicable to all Member States.
European Union Council Regulation (EU) No 348/2011 implemented on 8 April 2011 amends the restrictive measures imposed on persons and entities designated in EU Regulations 560/2005 and 25/2011.
The restrictive measures consisting of the freezing of assets have now been eased with respect to the following entities:
SIR (Ivorian Refining Company)
Autonomous Port of Abidjan
Autonomous Port of San Pedro
CGFCC (Coffee and Cocoa Trade Management Committee)
The regulation, which can be accessed here, is applicable to all Member States.
Source: North of England P&I Club