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Council Regulation (EC) No 1733/94 of 11 July 1994 prohibiting the satisfying of claims with regard to contracts and transactions the performance of which was affected by the United Nations Security Council Resolution No 757 (1992) and related resolutions

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CELEX:  31994R1733

Whereas, under Regulations (EEC) No 1432/92, (EEC) No 2656/92 and (EEC) No 990/93, the Community has taken measures to prevent trade between the Community and the Federal Republic of Yugoslavia (Serbia and Montenegro); Whereas, as a consequence of the embargo against the Federal Republic of Yugoslavia (Serbia and Montenegro), economic operators in the Community and third countries are exposed to the risk of claims by the Federal Republic of Yugoslavia (Serbia and Montenegro); Whereas the United Nations Security Council has adopted Resolution 757(1992) of 30 May 1992 which, in its paragraph 9, deals with claims by the Federal Republic of Yugoslavia (Serbia and Montenegro) in relation to contracts and transactions the performance of which was affected by measures imposed by the Security Council pursuant to Resolution 757(1992) and related resolutions; Whereas it is necessary to protect operators permanently against such claims and to prevent the Federal Republic of Yugoslavia (Serbia and Montenegro) from obtaining compensation for the negative effects of the embargo, HAS ADOPTED THIS REGULATION: