03:44:23 - Local time in the Channel Islands  |   04:44:23 - Local time in Brussels
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Jersey and Guernsey authorities take forward dialogue with EU on international sanctions implementation

A delegation from the Channel Islands met EU authorities in Brussels on 24 July 2012 to discuss practical co-operation and political support for maintaining the European Union’s regime of economic sanctions.  Both Jersey and Guernsey have an obligation to implement UN sanctions and have made political commitments to voluntarily implement EU sanctions and asset freezes, implementing legislation to this effect.

Sanctions have in recent years become increasingly important tools in promoting peace and human rights, and, for example, are a central part of the international community’s response to the Arab Spring in North Africa and the Middle East.  Jersey and Guernsey are not members of the EU but, as well-regulated and co-operative international financial centres, they have chosen to introduce sanctions that  supports the overall effectiveness of these measures.