Council Regulation (EU) No 1145/2014 of 28 October 2014 repealing Regulation (EC) No 2488/2000 maintaining a freeze of funds in relation to Mr Milosevic and those persons associated with him

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 215 thereof,

Having regard to Council Decision 2014/742/CFSP of 28 October 2014 repealing Common Position 2000/696/CFSP on the maintenance of specific restrictive measures directed against Mr Milosevic and persons associated with him^f1,

Having regard to the joint proposal from the High Representative of the Union for Foreign Affairs and Security Policy and the European Commission,

Whereas:

In accordance with Council Regulation (EC) No 2488/2000^f2, all funds and other financial resources held outside the Federal Republic of Yugoslavia belonging to Mr Milosevic and to natural persons associated with him, are to be frozen and such funds and financial resources are not to be made available to or for the benefit of those persons listed in Annex I to that Regulation.

By means of Decision 2014/742/CFSP, the Council repealed Common Position 2000/696/CFSP^f3. The Council decided that there are no grounds to continue applying those restrictive measures as the persons listed in the Annex to that Common Position no longer represent a threat to the consolidation of democracy.

It is therefore appropriate to repeal Regulation (EC) No 2488/2000 with immediate effect,

HAS ADOPTED THIS REGULATION: