Article 2, Paragraph 1. · Council Decision (CFSP) 2021/1277

Contents

1.All funds and economic resources belonging to, owned, held or controlled by:

(a)natural persons responsible for undermining democracy or the rule of law in Lebanon through any of the following actions:

(i)obstructing or undermining the democratic political process by persistently hampering the formation of a government or by obstructing or seriously undermining the holding of elections;

(ii)obstructing or undermining the implementation of plans approved by Lebanese authorities and supported by relevant international actors, including the EU, to improve accountability and good governance in the public sector or to implement critical economic reforms, including in the banking and financial sectors and including the adoption of transparent and non-discriminatory legislation on the export of capital;

(iii)serious financial misconduct concerning public funds, insofar as the acts concerned are covered by the United Nations Convention Against Corruption and the unauthorised export of capital;

(b)natural or legal persons associated with persons designated under point (a);

as listed in the Annex, shall be frozen.The plans referred to in point (ii) of point (a) are the reform plans presented in the 2018 CEDRE conference, the April 2020 Financial Recovery Plan, the September 2020 comprehensive roadmap of reforms and the December 2020 Lebanon Reform, Recovery and Reconstruction (3RF).