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Terrorism: Sanctions

Volume 468: debated on Monday 26 November 2007

To ask the Secretary of State for Foreign and Commonwealth Affairs what his assessment is of the implementation of European Union sanctions on designated terrorist groups, with particular reference to the UK’s compliance; what the total amount of assets frozen is by (a) EU member states and (b) the United Kingdom in line with these sanctions; and if he will make a statement. (166051)

The UK is firmly committed to the full implementation of all EU sanctions, along with our EU partners.

EU member states do not systematically share detailed information concerning the value of funds they have identified and frozen. However, they are legally obliged to freeze all funds and economic resources belonging to persons and entities listed under the sanctions regime. It is prohibited to make funds or economic resources available, directly or indirectly, to these persons and entities.

The reported balance of UK frozen funds in relation to UN and EU terrorist sanctions amounts to £457,768.23 and US$58,123.07.