Former Yugoslavia

(Bosnia, Herzegovina, Serbia & Montenegro)

Information as of: 31st March 2021

Latest Updates
UN
US  
EU  
UK
The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020 incorporates EU sanctions into UK law wef: 31 Dec 2020. 
Financial/Other Sanctions
UN
US EO13440
EU 2011/173/CFSP, extended to 31 Mar 2021 by CFSP 2020/435. Council Reg/1733/94 of 11 Jul 1994. (CFSP) 2018/459, CFSP 2019/467
UK
The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020 incorporates EU sanctions into UK law wef: 31 Dec 2020. 
Arms Embargo
UN No
US No
EU No
UK
No
Further Details
UN No
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EU All previous sanctions repealed.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).
UK
The Bosnia and Herzegovina (Sanctions) (EU Exit) Regulations 2020 incorporates EU sanctions into UK law wef: 31 Dec 2020. 
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.