EU adopts legal framework for Lebanon sanctions

“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 those listed,” the statement read

  
European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020.

European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020.

REUTERS/Yves Herman

BRUSSELS — The European Union has adopted a framework for targeted sanctions to address the current situation in Lebanon, the bloc said in a statement.

According to the statement, the framework provides for 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 EU, 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 including 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 unauthorized 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 those listed,” the statement read.

On Dec. 7, 2020, the EU adopted conclusions in which it noted with increasing concern that the grave financial, economic, social and political crisis that has taken root in Lebanon had continued to worsen over the previous months and that the Lebanese population was the first to suffer from the increasing difficulties in the country.

It underlined the urgent need for the Lebanese authorities to implement reforms in order to rebuild the confidence of the international community. The EU also called on all Lebanese stakeholders and political forces to support the urgent formation of a mission-driven, credible and accountable government in Lebanon, able to implement the necessary reforms.

The EU has repeatedly expressed grave concern about the deteriorating situation in Lebanon. Despite repeated calls on Lebanese political forces and stakeholders to act in the national interest and to no longer delay the formation of a fully empowered government capable of meeting the country’s urgent needs and implementing critical reforms, there is no progress. Meanwhile, the economic, social and humanitarian situation in Lebanon continues to deteriorate and the people continue to suffer. — SG


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