Explanatory Memorandum to COM(2011)45 - Restrictive measures directed against certain persons, entities and bodies in view of the situation in Tunisia

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dossier COM(2011)45 - Restrictive measures directed against certain persons, entities and bodies in view of the situation in Tunisia.
source COM(2011)45 EN
date 31-01-2011
1. Council Decision 2011/[…]/CFSP of […] provides for the adoption of restrictive measures against persons responsible for the misappropriation of Tunisian State funds and who are thus depriving the Tunisian people of the benefits of the sustainable development of their economy and society and are at the same time undermining the development of democracy in the country.

2. These measures consist of a freezing of funds and economic resources of those persons listed in the annex to the CFSP Decision. The High Representative of the EU for Foreign Affairs and Security Policy and the Commission propose to give effect to these measures by means of a Regulation based on Article 215  i of the Treaty on the Functioning of the European Union (TFEU).