The EU has revised its sanctions list in relation to Belarus to include President Lukashenko and certain officials of Belarus.  Accordingly, Council Implementing Regulation (EU) No 271/2011 has amended Annexes 1 and 1A to Council Regulation (EC) No 765/2006. 

 

Council regulation (EC) No 765/2006 is implemented in Guernsey by the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006 which is made under the European Communities (Implementation) (Bailiwick of Guernsey) Law, 1994. 

 

Financial Services Businesses and Prescribed Businessess need to monitor developments in EU sanctions legislation and its implications for Bailiwick businesses closely.  Links to both of the EU Council Regulations and the Belarus (Freezing of Funds) (Guernsey) Ordinance, 2006 are available here.