Lebanon: EU extends framework for targeted sanctions by one year
July 24, 2023
The Council of Europe decided to extend the framework for imposing targeted restrictive measures to address the situation in Lebanon for an additional year, until 31 July 2024.
This framework, originally adopted on 30 July 2021, provides the possibility of imposing sanctions against persons and entities who are responsible for undermining democracy or the rule of law in Lebanon, through any of the following actions:
obstructing or undermining the democratic political process by persistently hampering the formation of a government, or by obstructing, or seriously undermining, the holding of elections
obstructing or undermining the implementation of plans approved by Lebanese authorities and supported by relevant international actors, including the European Union, to improve accountability and good governance in the public sector or the implementation of critical economic reforms, including in the banking and financial sectors and the adoption of transparent and non-discriminatory legislation on the export of capital
serious financial misconduct, concerning public funds, insofar as the acts concerned are covered by the United Nations Convention Against Corruption, and the unauthorised export of capital
Sanctions consist of a travel ban to the EU and an asset freeze for persons and an asset freeze for entities. In addition, EU persons and entities are forbidden from making funds available to listed persons and entities.