Croatia Enforces Financial Sanctions Regulations Amid Global Unrest

The Republic of Croatia has implemented a set of financial sanctions regulations to comply with international law and maintain peace and security. This move is in line with the country’s accession to the European Union (EU) and its obligation to adopt the EU’s restrictive measures policy.

Implementing Sanctions Regulations

Croatia has implemented sanctions against various countries and entities, including Russia, Belarus, Iran, and North Korea, in accordance with the goals of the United Nations Charter. These sanctions aim to:

• Protect common values, fundamental interests, independence, and integrity of the Union
• Promote international cooperation and strengthen democracy and the rule of law

Law on Restrictive Measures

Croatia’s Law on Restrictive Measures, effective since 2023, outlines the procedure for applying EU-imposed restrictive measures aimed at establishing and preserving international peace and security. The country is also bound by relevant United Nations Security Council resolutions introducing restrictive measures.

Recent Developments

The Russian aggression against Ukraine has led to a significant increase in the use of sanctions by the EU, with Croatia implementing new restrictive measures against Russia and its allies Belarus, Iran, and North Korea. These sanctions regimes include:

• Arms embargoes
• Trade restrictions
• Financial sanctions
• Admission restrictions

Effective Implementation

EU officials emphasize the importance of effective implementation of these sanctions, urging operators to conduct thorough due diligence to prevent evasion. The Ministry of Foreign and European Affairs has established a dedicated contact point for information on sanctions regimes and restrictive measures.

Information Resources

Citizens are advised to familiarize themselves with the guidelines for implementing sanctions and other relevant information available through:

• The Ministry’s website
• The European Commission’s information pages

Chronology of EU Sanctions Against Belarus, Iran, and North Korea

• 2024: Council Regulation (EU) 2024/745 amends Regulation (EU) No 833/2014 concerning restrictive measures in view of Russia’s actions destabilizing the situation in Ukraine.
• Recent changes in sanctions regimes by the United Nations Security Council.

Contact Information

For further information on sanctions regimes and restrictive measures, please contact:

• Ministry of Foreign and European Affairs at sankcije@mvep.hr