EU CNCL Zimbabwe Sanctions Update

Updated on: Feb 5, 2024

Latest Event


  • Feb. 2024 Extended Sanctions Regime
  • On Feb. 2, 2024, EU CNCL decided to renew restrictive measures until Feb. 20, 2025.
  • Dec (CFSP) 2024/460 of Feb. 2, 2024 issued in Official Journal on Feb. 5 amending Dec 2011/101/CFSP concerning restrictive measures in view of the situation in Zimbabwe.
  • EU measures in place consist of an embargo on arms and equipment which might be used for internal repression, and targeted assets freeze against one entity, Zimbabwe Defence Industries; there has been no listed individuals since removals in Feb. 2022.
  • The EU will continue to follow developments in Zimbabwe, with a particular attention to the human rights situation and is ready to adapt range of its policies accordingly.

On Feb. 18, EU CNCL issued regulations removing 3 persons from list.

  • EU CNCL published two regulations and one decision to amend Zimbabwe restrictions.
  • EU extended restrictive measures until Feb. 20, 2023 and removed 3 from listings.
  • Follows EC Feb. 2021 updated financial sanctions regarding Zimbabwe, see #72158.
  • Regulations
  • Published council regulation 2022/225 of Feb. 17, 2022 amending regulation 314/2004 concerning restrictive measures in view of the situation in Zimbabwe.
  • Provisions of regulation 314/2004 relating to suspension of restrictions were deleted.
  • Commission implementing regulation 2022/226 of Feb. 17, 2022 deleted entries in reg 314/2004, annex III, re Grace Mugabe, Constantine Chiwenga, Phillip Valerio Sibanda.
  • Decision
  • On Feb. 17, 2022, the Council adopted Dec (CSFP) 2022/227, amending article 10 of decision 2011/101/CFSP, removing same 3 persons from list of persons and entities.
  • Provisions re suspension of restrictions deleted; application extended to Feb. 20, 2023.
  • Effectiveness
  • Decision, regulations enter into force on day after publication in OJ, e.g. Feb. 19, 2022.
  • Feb. 2023 Decision Extension
  • On Feb. 15, 2023, EU CNCL issued Dec (CFSP) 2023/339, extending the application of Dec 2011/101/CFSP until Feb. 20, 2024.
  • Mar. 2023 Third Countries' Alignment
  • On Mar. 10, 2023, EU CNCL issued a statement on the alignment of certain countries.
  • Candidate countries North Macedonia, Montenegro, Serbia, Albania, Ukraine, Republic of Moldova, Bosnia and Herzegovina; EFTA countries Iceland and Liechtenstein; EEA members; Armenia; align with Dec 2023/339 and will ensure national policies conform.
  • Feb. 2024 Extended Sanctions Regime
  • On Feb. 2, 2024, EU CNCL decided to renew restrictive measures until Feb. 20, 2025.
  • Dec (CFSP) 2024/460 of Feb. 2, 2024 issued in Official Journal on Feb. 5 amending Dec 2011/101/CFSP concerning restrictive measures in view of the situation in Zimbabwe.
  • EU measures in place consist of an embargo on arms and equipment which might be used for internal repression, and targeted assets freeze against one entity, Zimbabwe Defence Industries; there has been no listed individuals since removals in Feb. 2022.
  • The EU will continue to follow developments in Zimbabwe, with a particular attention to the human rights situation and is ready to adapt range of its policies accordingly.
Regulators
EU CMSN; EU CNCL
Entity Types
B/D; Bank; BS; Ins; Inv Co; MSB
Reference
OJ L, 2/5/2024; PR, Dec (CFSP) 2024/460, 2/2/2024; PR 3/10/2023; OJ L 47/55, 2/15/2023; Dec (CFSP) 2023/339, 2/14/2023; OJ L038, 2/18/2022; Reg 2022/225, Reg 2022/226, Dec (CSFP) 2022/227, 2/17/2022; Reg 314/2004; Dec 2011/101/CFSP; Citation: Dec (CSFP) 2022/227; Dec (CFSP) 2023/339; Dec (CFSP) 2024/460;
Functions
AML; Anti-Bribery; Compliance; Financial; Human Rights; Legal; Operations; Sanctions
Countries
European Union; Zimbabwe
Category
State
N/A
Products
Banking; Clearing; Deposits; Fund Mgt; Insurance; Loan
Rule Type
Final
Regions
EMEA
Rule Date
Feb 18, 2022
Effective Date
Feb 20, 2025
Rule ID
129748
Linked to
N/A
Reg. Last Update
Feb 2, 2024
Report Section
AML & Enforcement