Former Yugoslavia

(Bosnia, Herzegovina, Serbia & Montenegro)

Information as of: 31st December 2020

Latest Updates
EU/UK  EU renewed restrictive measures until 31 March 2021 under CFSP 2020/435
Financial/Other Sanctions
US EO13440
EU/UK 2011/173/CFSP, extended to 31 Mar 2021 by CFSP 2020/435. Council Reg/1733/94 of 11 Jul 1994.
(There is an anomaly in the source information in that the Former Yugoslavia, is not included in the UK sanctions list despite measures at EU level, which are applicable in UK law.) (CFSP) 2018/459, CFSP 2019/467
Arms Embargo
Further Details
US The US is continuing sanctions on the Western Balkans for 1 year by extending the national emergency as declared in E.O. 13219, as amended by E.O. 13304. Together, they impose asset freezing measures on  (inter alia) those engaged in/supporting extremist violence in North Macedonia, or acts obstructing the implementation of the Dayton Accords in Bosnia, or UNSC Resolution 1244 (1999) in Kosovo. 
EU/UK All previous sanctions repealed. Council Decision 2011/173/CFSP of 21 Mar 2011 puts in place framework to impose travel ban and asset freeze,extended to 31 Mar 2019 by (CFSP) 2018/459 - no individuals or entities listed.  EU renewed restrictive measures until 31 March 2021 under CFSP 2020/435. Council Reg 1733/94 of 11 July 1994 prohibits the satisfying of claims with regards to contracts and transactions which were affected by UN S/Res/757 (1992).
This information has been collated by the International Underwriting Association of London and is intended as a guide only. The IUA does not accept any liability for the accuracy of this information.
This publication is intended to convey only general information about sanctions legislation and associated insurance coverage. It is not, and is not intended to be, a complete statement of the law relating to this area. It should not be relied on or be used as a substitute for legal advice in relation to any particular set of circumstances. Accordingly, IUA does not accept any liability for any loss which may arise from reliance on this information.