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Official Journal of the European Union
24.4.2012
COMMISSION DELEGATED DECISION
of 8 February 2012
amending Annex III to Decision No 1080/2011/EU of the European Parliament and of the Council
granting an EU guarantee to the European Investment Bank against losses under loans and loan
guarantees for projects outside the Union and repealing Decision No 633/2009/EC, as regards Syria
(2012/207/EU)
THE EUROPEAN COMMISSION,
disbursements by the EIB in connection with existing
loan agreements between Syria and the EIB, which are
Having regard to the Treaty on the Functioning of the European
now consolidated into Council Decision 2011/782/CFSP
Union,
of 1 December 2011 concerning restrictive measures
against Syria and repealing Decision 2011/273/CFSP ( 4 )
Having regard to Decision No 1080/2011/EU of the European
and Council Regulation (EU) No 36/2012 of 18 January
Parliament and of the Council of 25 October 2011 granting an
2012 concerning restrictive measures in view of the
EU guarantee to the European Investment Bank against losses
situation in Syria and repealing Regulation (EU) No
under loans and loan guarantees for projects outside the Union
442/2011 ( 5 ).
and repealing Decision No 633/2009/EC ( 1 ), and in particular
Article 4(2) thereof,
(6) The
Commission,
with
the
involvement
of
the
European
External Action Service, has assessed that the overall
Whereas:
economic and political situation requires removing
Syria from Annex III to Decision No 1080/2011/EU,
(1) Council
conclusions
on
Syria
of
23
May
2011
( 2 ) invite
which sets out the list of countries eligible for EIB
the European Investment Bank (EIB) not to approve new
financing under EU guarantee,
EIB financing operations in Syria for the time being.
HAS ADOPTED THIS DECISION:
(2) European
Parliament
Resolution
of
7
July
2011
on
the
situation in Syria, Yemen and Bahrain in the context of
the situation in the Arab world and North Africa
Article 1
welcomes the Council conclusions to impose restrictive
measures on Syria and notably to invite the EIB not to
In point B(1) of Annex III to Decision No 1080/2011/EU, the
approve new financing operations in Syria for the time
word ‘Syria’ is deleted.
being.
Article 2
(3) The
political
and
economic
situation
in
Syria
has
further
deteriorated since the adoption of Decision No
This Decision shall enter into force on the day following that of
1080/2011/EU.
its publication in the Official Journal of the European Union.
(4) Council
conclusions
on
Syria
of
14
November
2011
( 3 )
decided to place new restrictive measures against the
Done at Brussels, 8 February 2012.
Syrian regime by suspending the disbursement or other
payments under or in connection with existing EIB loan
agreements with Syria.
For the Commission
(5) In
this
context,
the
Council
has
adopted
a
series
The President
of restrictive measures, including the prohibition of
José Manuel BARROSO
( 1 ) OJ L 280, 27.10.2011, p. 1.
( 2 ) 3091st Foreign Affairs Council meeting.
( 4 ) OJ L 319, 2.12.2011, p. 56.
( 3 ) 3124th Foreign Affairs Council meeting.
( 5 ) OJ L 16, 19.1.2012, p. 1.

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