Highlights of U.N.'s Balkan resolutions

November 22, 1995
Web posted at: 9:30 p.m. EST (0230 GMT)

UNITED NATIONS (CNN) -- The U.N. Security Council voted Wednesday to suspend economic sanctions against the former Yugoslavia and to gradually lift the arms embargo on the present and former Yugoslav republics.

Highlights of the two resolutions adopted by the United Nations include:

Arms embargo

• The ban on weapons is lifted in phases on all former Yugoslav republics after a peace agreement is formally signed by Yugoslavia, Bosnia and Croatia in several weeks.
• In the first 90 days after the accord, all measures of the embargo are still in effect.
• In the second 90 days, the embargo is lifted except for the delivery of heavy weapons as defined in the peace agreement (including combat aircraft, tanks, some artillery). The ban on heavy arms remains until an arms control agreement is signed.
• After six months and a report from U.N. Secretary-General Boutros Boutros-Ghali on the arms control agreement, the arms embargo will be terminated unless the Security council decides otherwise.

Economic sanctions:

• All sanctions against the Federal Republic of Yugoslavia, now comprising Serbia and Montenegro, are suspended indefinitely with immediate effect. These include a stringent trade embargo and the freezing of bank accounts, air and waterway traffic.
• The sanctions can be re-imposed without a vote five days after reports of serious violations of the agreement by either Yugoslavia or the Bosnian Serbs.
• The sanctions remain for the Bosnian Serbs until after an international force has arrived in Bosnia and the Serbs have withdrawn their forces to buffer zones established in the Dayton peace accord.
• The sanctions are suspended on Yugoslav funds frozen abroad except for those subject to claims from individuals, corporations or governments.
• All sanctions will be lifted 10 days after Bosnia's first elections provided for in the peace agreement, and providing that Bosnia Serb forces have respected the zones of separation.

Related Story

• U.N. lifts sanctions against former Yugoslavia

Reuters news service contributed to this report.

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