Sanctions against Egypt

Description of the sanctions

All funds belonging to persons responsible for misappropriation of Egyptian public assets, and natural or legal persons, entities or bodies that are associated with them and that are placed on the EU's sanctions list shall be frozen. Furthermore, no funds or financial resources are to be made available to these persons. In certain cases, however, exemptions can be granted, e.g. on humanitarian grounds. Frozen assets may also be released in certain cases for the enforcement of judgments etc., in order to facilitate their return to the Egyptian state.

The persons who have had their assets frozen are listed in the annex of Council Regulation (EU) No 270/2011; see the section entitled 'Relevant documents'.

Competent Swedish authorities

The Government has appointed Finansinspektionen (the Swedish Financial Supervisory Authority) and Försäkringskassan (the Swedish Social Insurance Agency) as the competent authorities for the examination of various matters related to the restrictive measures concerning Egypt.

Finansinspektionen (the Swedish Financial Supervisory Authority) receives information about frozen accounts and approves permits for exemption from the freezing of assets in routine administration.

Försäkringskassan approves permits for exemption from the freezing of assets of natural persons, but not for routine administration (see Finansinspektionen).

Links to the relevant authorities are available below.

 

Contact

Josefin Simonsson Brodén
Sanctions Coordinator
Phone (switchboard) +46 8 405 10 00
email to Josefin Simonsson Brodén