The EU Council has republished Council Regulation (EU) 2023/1593 pertaining to asset freezing measures imposed on individuals and entities threatening the peace and stability of the Republic of Guinea-Bissau in the Official Journal (OJ) of the EU.
The republished official version follows a recent corrigendum to the regulation which corrected the wrong „made date“ of the regulation. Please refer to EventID 22463 in this context for more information.
To recall, Council Regulation (EU) 2023/1593 itself modifies Council Regulation (EU) No 377/2012 which sets out an entire sanction framework just for the freezing of assets of (legal) persons (e.g. scope of application, derogations, etc.) to add new provisions under Article 2 to disapply the provisions on the freezing of funds or the making available of funds as long as the funds are used for purposes of providing humanitarian aid and / or supporting basic human needs by certain organizations. Such organizations include:
– the United Nations (UN) or any of its related organizations and
– nongovernmental organizations (NGOs) or international organizations supporting the work of the UN as described in the Regulation.