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Home >  Financial services >  Financial sanctions >  Lifted regimes > Serbia and Montenegro/Bosnia Herzegovina

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Serbia and Montenegro/Bosnia Herzegovina

• Overview

Selected documents

• UN
• European Union
• UK legislation
• Releases

Overview

Financial sanctions against Serbia and Montenegro were imposed by the United Nations in May 1992 and suspended in accordance with the terms of the Dayton Peace Agreement in November 1995.

The United Nations lifted financial sanctions in October 1996 with the exception of those frozen under UNSCRs 757 (1992) and 820 (1993) which related to assets and funds subject to any claims, liens, judgements or encumbrances, or funds of insolvent persons.

Financial sanctions against any persons in, or resident in, those areas of Bosnia Herzegovina under the control of the Bosnian Serb forces were introduced in September 1994 and terminated in October 1996.

Selected documents

United Nations

• 01.10.1996 UN Security Council Resolution 1074 (1996) (PDF 10KB)
  Terminated sanctions against Serbia and Montenegro and the Bosnian Serbs. The sanctions, however, would be reconsidered if any party failed significantly to meet its obligations under the Dayton Peace Agreement on Bosnia Herzegovina. The exception set out in UNSCR 1022 (1995) remained.
• 22.11.1995 UN Security Council Resolution 1022 (1995) (PDF 15KB)
  Suspended sanctions against Serbia and Montenegro with exceptions. Paragraph 5 stated while previous sanctions remained suspended or terminated by a subsequent UNSCR, all funds and assets previously frozen under UNSCRs 757 (1992) and 820 (1993) could be released apart from assets and funds subject to any claims, liens, judgements or encumbrances, or funds of insolvent persons. Suspension would not apply to measures imposed on the Bosnian Serb party until certain conditions were met.
• 23.09.1994 UN Security Council Resolution 942 (1994) (PDF 18KB)
  Condemned the Bosnian Serb party for refusal to accept territorial settlement. Imposed financial sanctions against any person in, or resident in, those areas of Bosnia Herzegovina under the control of the Bosnian Serb forces.
• 17.04.1993 UN Security Council Resolution 820 (1993) (PDF 347KB)
  Strengthened the sanctions against Serbia and Montenegro.
• 30.05.1992 UN Security Council Resolution 757 (1992) (PDF 355KB)
  Imposed financial and other sanctions on Serbia and Montenegro.

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European Union

• 09.12.1996 Council Regulation (EC) No 2382/1996 (PDF 74KB)
  Implemented UNSCR 1074 (1996) in the EU. Replaced Council Regulation (EEC) No 990/93 and Council Regulation (EC) No 2471/94.
• 10.10.1994 Council Regulation (EC) No 2471/1994 (PDF 97KB)
  Implemented UNSCR 942 (1994) in the EU.
• 26.04.1993 Council Regulation (EEC) No 990/1993 (PDF 82KB)
  Implemented UNSCR 820 (1993) in the EU. Replaced Council Regulation (EEC) No 1432/92.
• 01.06.1992 Council Regulation (EEC) No 1432/1992 (PDF 77KB)
  Implemented UNSCR 757 (1992) in the EU, imposing economic sanctions against Serbia and Montenegro.

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UK legislation

• 19.10.1994 The Former Yugoslavia (UN Sanctions) Order 1994 (SI 1994/2673) (PDF 129KB)
  Imposed restrictions pursuant to UNSCR 942 (1994) on persons connected with the Bosnian Serb controlled areas of Bosnia Herzegovina. Amended the Serbia and Montenegro (UN Sanctions) Order 1993 (SI 1993/1188).
• 01.05.1993 The Serbia and Montenegro (UN Sanctions) Order 1993 (SI 1993/1188) (PDF 156KB)
  Gave effect in the UK to certain provisions of UNSCR 820 (1993) on Serbia and Montenegro.
• 05.06.1992 The Serbia and Montenegro (UN Sanctions) Order 1992 (SI 1992/1302) (PDF 145KB)
  Imposed restrictions on Serbia and Montenegro pursuant to UNSCR 757 (1992).

Releases

• 03.10.1996 Serbia and Montenegro [Lifting of sanctions] (BoE) (PDF KB)
• 03.10.1996 Bosnia Herzegovina [Lifting of sanctions] (BoE) (PDF KB)
• 02.10.1996 The former Yugoslavia [Lifting of sanctions] (BoE) (PDF KB)
• 28.02.1996 Bosnia Herzegovina [Suspension of sanctions] (BoE) (PDF KB)
• 23.11.1995 Serbia and Montenegro [Suspension of sanctions] (BoE) (PDF KB)
• 31.08.1995 Serbia and Montenegro (BoE) (PDF KB)
• 27.10.1994 Bosnia Herzegovina [Imposition of sanctions] (BoE) (PDF KB)
• 26.04.1993 Serbia and Montenegro (BoE) (PDF KB)
• 26.06.1992 Serbia and Montenegro (BoE) (PDF KB)
• 08.06.1992 Serbia and Montenegro [Imposition of sanctions] (BoE) (PDF KB)

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