Financial Crime World

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Croatia Implements Financial Sanctions Lists to Promote International Security and Stability

As part of its commitment to upholding international law, human rights, and democratic principles, Croatia has implemented a range of financial sanctions lists aimed at promoting global security and stability.

Alignment with EU Common Foreign and Security Policy


Croatia’s restrictive measures are in line with the European Union’s (EU) common foreign and security policy, as outlined in Article 11 of the Treaty on the European Union. The EU applies sanctions to countries that violate international law, human rights, or democratic principles, or engage in activities that threaten the integrity and independence of the union.

Croatia’s Sanctions Regime


Croatia has adopted similar measures through its Law on Restrictive Measures, which outlines the procedures for implementing EU directives aimed at promoting international peace and security. The country’s sanctions regime targets individuals, entities, and governments accused of violating international law or engaging in destabilizing activities.

Types of Sanctions


These measures include:

  • Arms embargoes
  • Trade restrictions
  • Financial sanctions
  • Travel bans
  • Other measures designed to disrupt illegal activities

Targeted Sanctions Regimes


Croatia has implemented a range of sanctions regimes over the years, including those targeting:

  • Russia
  • Belarus
  • Iran
  • North Korea

The country’s sanctions list includes individuals and entities accused of supporting Russian aggression against Ukraine, as well as those involved in terrorist activities.

Ministry of Foreign and European Affairs Guidance


For more information on changes to sanction regimes and guidelines for implementing these measures, citizens can contact the Ministry of Foreign and European Affairs at sankcije@mvep.hr or visit the EU’s official website.

Conclusion


Croatia’s commitment to financial sanctions lists is a key aspect of its efforts to promote international security and stability in a rapidly changing global landscape. By working closely with the EU and other international partners, Croatia plays an important role in upholding the principles of democracy, human rights, and the rule of law.