The FINANCIAL — The EU council renewed the EU sanctions regime against ISIL/Da’esh and Al-Qaida and the related list of people subject to restrictive measures for another year until 31 October 2021. The decision was taken in light of the ongoing terrorist threat.
EU sanctions consist of a travel ban to the EU and an asset freeze for individuals, and an asset freeze for groups and entities. In addition, EU persons and entities are forbidden from making funds and economic resources available to those listed.
Five individuals are currently subject to restrictive measures.
The EU has been able to autonomously adopt restrictive measures against ISIL (Da’esh) and Al-Qaeda, and persons, groups, undertakings and entities associated with them, since September 2016. The EU regime is independent from, but complementary to, the regime allowing for sanctions to be adopted at the UN level.
The relevant legal act will be published in the Official Journal of the European Union on 20 October 2020.
