All
Authorised Dealers
in Foreign Exchange,
Dear
Sirs,
TRADE
EMBARGO WITH SERBIA
Attention
of Authorized Dealers is invited to F.E.
Circular No.61 dated the 25th June, 1992
regarding sanctions imposed by United Nations against Serbia
and Montenegro.
2.
The United Nations Security Council vide its resolution
No.820(1993) has further decided to tighten the existing
sanctions and to impose some new sanctions against Serbia
& Montenegro with effect from 26th April,
1993 if Bosnian Serbs do not sign the U.N. Supported Peace
Plan for Bosnia " Herzegovina. Relevant Paras Nos.
12,13,15 & 22 (a-c) of the Resolution regarding trade
and commerce are reproduced below for guidance:-
"
12. Decides that import to, export from and transshipment
through the United Nations Protected Areas in the Republic
of Croatia and those areas of the Republic of Bosnia
and Herzegovina under the control of Bosnian Serb forces,
with the exception of essential humanitarian supplies
including medical supplies and foodstuffs distributed
by international humanitarian agencies, shall be permitted
only with proper authorization from the Government of
the Republic of Croatia or the Government of the Republic
of Bosnia and Herzegovina respectively;
"13.
Decides that all States, in implementing the
measures imposed by resolutions 757(1992), 760 (1992),
787 (1992) and the present resolution, shall take steps
to prevent diversion to the territory of the Federal
Republic of Yugoslavia (Serbia and Montenegro) of commodities
and products said to be destined for other places, in
particular the United Nations Protected Areas in the
Republic of Croatia and those areas of the Republic
of Bosnia and Herzegovina under the control of Bosnian
Serb forces;
"15.
Decides that transshipments of commodities and
products through the Federal Republic of Yugoslavia
(Serbia and Montenegro) on the Danube shall be permitted
only if specifically authorized by the Committee established
by resolution 724 (1991) and that each vessel so authorized
must be subject to effective monitoring while passing
along the Danube between Viding/Calafat and Mohacs;
"22.
Decides to prohibit the transport of all commodities
and products across the land borders or to or from the
ports of the Federal Republic of Yugoslavia (Serbia
and Montenegro), the only exceptions being:
(a) The importation of medical supplies and foodstuffs
into the Federal Republic of Yugoslavia (Serbia and
Montenegro) as provided for in Resolution 757 (1992),
in which connection the Committee established by resolution
724 (1991) will draw up rules for monitoring to ensure
full compliance with this and other relevant. Resolutions;
(b) The importation of other essential humanitarian
supplies into the Federal Republic of Yugoslavia (Serbia
and Montenegro) approved on a case-by-case basis under
the no-objection procedure by the committee established
by resolution 724 (1991);
(c) Strictly limited transshipments through the territory
of the Federal Republic of Yugoslavia (Serbia and Montenegro),
when authorized on an exceptional basis by the Committee
established by resolution 724 (1991), provided that
nothing in this paragraph shall affect transshipment
on the Danube in accordance with paragraph 15 above."
3.
The contents of circular may be brought to the notice of
your constituents and UN’s sanctions are followed meticulously.
