EU Delists 9 Egyptian Individuals From Sanctions List
Following a review of the European Union's sanctions regime on nine individuals in Egypt, the European Council removed their names from its sanctions list, the EC announced on March 12. The individuals originally were added to the sanctions' regime for…
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their roles in the misappropriation of Egyptian state funds, the EC said. Having been found that their actions warranted their placement on the sanctions list by the council in 2011, the individuals were subject to an asset freeze and forbidden from doing business with EU nationals and legal entities. Following the most recent review, the EC determined the sanctions regime on these nine individuals had served its purpose.