Circulars/Notifications - Exchange Policy Department  
 F.E. Circular No. 32
April 29, 1993 

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.

       
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