Date: 2018-07-20Category: Not ApplicableState: Union GovernmentCountry: Europe
Commission Implementing Regulation (EU) 2018/1025 of 19 July 2018 amending Council Regulation (EC) No 1210/2003 concerning certain specific restrictions on economic and financial relations with Iraq
**Policy Summary:**
Commission Implementing Regulation (EU) 2018/1025 of 19 July 2018 amends Council Regulation (EC) No 1210/2003 concerning specific restrictions on economic and financial relations with Iraq. This amendment follows a decision by the Sanctions Committee of the United Nations Security Council on 13 July 2018 to remove two entries from the list of persons or entities subject to the freezing of funds and economic resources. Specifically, the regulation removes IRAQI LIFE INSURANCE COMPANY (Addresses: a) Aqaba Bin Nafie Square, P.O. Box 989, Baghdad, Iraq; b) P.O. Box 989, Karradah Al Sharkiya, Baghdad, Iraq) and NATIONAL INSURANCE COMPANY IRAQ (Addresses: a) Khullani Street, P.O. Box 248, Baghdad, Iraq; b) Aman Building, Khullani Square, Baghdad, Iraq) from Annex III of Regulation (EC) No 1210/2003. The regulation entered into force on the day following its publication in the Official Journal of the European Union (20 July 2018).
Key Entities Referenced
Iraq: A country in the Middle East, subject to economic and financial restrictions as outlined in the regulation.
European Union: A political and economic union of member states located primarily in Europe.
European Commission: An institution of the European Union, responsible for proposing legislation, implementing decisions, upholding the EU treaties and managing the day-to-day business of the EU.
Council Regulation (EC) No 1210/2003: A Council Regulation concerning certain specific restrictions on economic and financial relations with Iraq.
United Nations Security Council: A United Nations body responsible for the maintenance of international peace and security.
Sanctions Committee: A committee of the United Nations Security Council that oversees the implementation of sanctions regimes.
IRAQI LIFE INSURANCE COMPANY: An Iraqi company that was previously subject to asset freezing under Regulation EC No 1210/2003 but has been removed from the list.
NATIONAL INSURANCE COMPANY IRAQ: An Iraqi company that was previously subject to asset freezing under Regulation EC No 1210/2003 but has been removed from the list.
20.7.2018 EN Official Journal of the European Union L 184/1
II
(Non-legislative acts)
REGULATIONS
COMMISSION IMPLEMENTING REGULATION (EU) 2018/1025
of 19 July 2018
amending Council Regulation (EC) No 1210/2003 concerning certain specific restrictions on
economic and financial relations with Iraq
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Council Regulation (EC) No 1210/2003 of 7 July 2003 concerning certain specific restrictions on
economic and financial relations with Iraq and repealing Regulation (EC) No 2465/96 (1), and in particular Article 11(b)
thereof,
Whereas:
(1) Annex III to Regulation (EC) No 1210/2003 lists public bodies, corporations and agencies and natural and legal
persons, bodies and entities of the previous government of Iraq covered by the freezing of funds and economic
resources that were located outside Iraq on the date of 22 May 2003 under that Regulation.
(2) On 13 July 2018, the Sanctions Committee of the United Nations Security Council decided to remove
two entries from the list of persons or entities to whom the freezing of funds and economic resources should
apply.
(3) Annex III to Regulation (EC) No 1210/2003 should therefore be amended accordingly,
HAS ADOPTED THIS REGULATION:
Article 1
Annex III to Regulation (EC) No 1210/2003 is amended as set out in the Annex to this Regulation.
Article 2
This Regulation shall enter into force on the day following that of its publication in the Official Journal of the European
Union.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
Done at Brussels, 19 July 2018.
For the Commission,
On behalf of the President,
Head of the Service for Foreign Policy Instruments
(1) OJ L 169, 8.7.2003, p. 6.L 184/2 EN Official Journal of the European Union 20.7.2018
ANNEX
In Annex III, the following entries are deleted:
‘62. IRAQI LIFE INSURANCE COMPANY. Addresses: (a) Aqaba Bin Nafie Square, P.O. Box 989, Baghdad, Iraq;
(b) P.O. Box 989, Karradah Al Sharkiya, Baghdad, Iraq.’
‘96. NATIONAL INSURANCE COMPANY [IRAQ]. Addresses: (a) Khullani Street, P.O. Box 248, Baghdad, Iraq;
(b) Aman Building, Khullani Square, Baghdad, Iraq.’