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Croatia’s Financial Sanctions List: A Guide to Understanding the Restrictions

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The Republic of Croatia has implemented a range of financial sanctions as part of its commitment to upholding international law and promoting democratic principles. The country’s financial sanctions list is designed to restrict the activities of individuals, entities, and governments that engage in behavior deemed harmful to the global community.

Background

With Croatia’s accession to the European Union, the country became bound by the EU’s acquis communautaire, which includes the application of restrictive measures. These measures are aimed at protecting common values, fundamental interests, and security within the EU, as well as promoting international cooperation and human rights.

The EU’s Common Foreign and Security Policy (CFSP)

The EU applies sanctions through its Common Foreign and Security Policy (CFSP), which is implemented in accordance with Article 11 of the Treaty on the European Union. Sanctions can take various forms, including arms embargoes, trade restrictions, financial limitations, and travel bans.

Croatia’s Legal Framework

Croatia has also established its own legal framework for implementing restrictive measures, as outlined in the Law on Restrictive Measures (Official Gazette 133/2023). This law provides a procedure for applying sanctions implemented by the EU or UN Security Council resolutions.

The Financial Sanctions List

The country’s financial sanctions list currently targets approximately 35 countries, regimes, and terrorist organizations. New restrictions have been introduced in response to geopolitical security-related circumstances, such as Russia’s aggression against Ukraine, crises in the Middle East and Africa, and other global events.

EU Restrictive Measures Against Specific Countries

• Regulation 833/2014 and Regulation 269/2014 against Russia
• Chronology of EU sanctions against Belarus, Iran, and North Korea

Implementation of Sanctions

Pursuant to Article 8 of Croatia’s Law on Restrictive Measures, all individuals, entities, and state administrative bodies are required to act in accordance with the law and its implementing regulations.

Contact Information

For more information about Croatia’s financial sanctions list and restrictive measures, please contact the Ministry of Foreign and European Affairs at sankcije@mvep.hr. Additional guidelines and FAQs on the implementation of sanctions can be found on the ministry’s website.