COUNCIL REGULATION (EC) No 1673/95

of 7 July 1995

amending Regulation (EC) No 2472/94 suspending certain elements of the embargo on the Federal Republic of Yugoslavia (Serbia and Montenegro)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular Article 228a thereof,

Having regard to the common position of 7 July 1995 defined by the Council on the basis of Article J.2 of the Treaty on European Union with regard to the extension of the suspension of certain restrictions on trade with the Federal Republic of Yugoslavia (Serbia and Montenegro) (1), as decided upon by the United Nations Security Council in its Resolution 1003 (1995),

Having regard to the proposal from the Commission,

Whereas the United Nations Security Council has decided that the restrictions and other measures referred to in paragraph 1 of its Resolution 943 (1994) will be suspended until 18 September 1995;

Whereas, under these conditions, the Community has to adapt its existing legislation accordingly, and in particular Regulation (EC) No 2472/94 (2),

HAS ADOPTED THIS REGULATION:

Article 1

The second subparagraph of Article 7 of Regulation (EC) No 2472/94 shall be replaced by the following:

'It shall apply until 18 September 1995.'

Article 2

This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities.

It shall apply from 6 July 1995.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 7 July 1995.

For the Council

The President

P. SOLBES MIRA

(1) See page 2 of this Official Journal.

(2) OJ No L 266, 15. 10. 1994, p. 8.