freezing of economic resources definition

freezing of economic resources means preventing the use of economic resources to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;
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freezing of economic resources means preventing their use to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them;
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freezing of economic resources means the preventing of their use to obtain funds, goods or services in any way, including (but without limiting the generality of this definition) the selling, hiring or mortgaging of such resources;
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More Definitions of freezing of economic resources

freezing of economic resources means preventing their use to obtain funds, goods or services in any way, including, but not limited to, by selling, hiring or mortgaging them (Article 1(h) of the Regulation) 6. Can I make goods, which are destined for personal consumption, available to a desi- gnated person?Assets which are only suitable for personal use or consumption (such as foodstuffs, personal hygiene products, domestic supplies of utilities such as gas, electricity, water and telephone lines), and which therefore cannot be used by a designated person to obtain funds, goods or services, do not fall within the definition of “economic resources”. They are therefore not covered by the Regulation and no authorisation is required to make them available to a designated person. EU restrictive measures are not intended to prevent the use of goods destined for personal use or consumption and nor is this considered desirable4.
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freezing of economic resources means the prohibition, under EU regulations and national law, of the transfer, disposition or, for the purpose of obtaining funds, goods or services in any manner whatsoever, use of economic resources, including, but not limited to, the sale, lease, rental or pledging of security interests;
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freezing of economic resources means preventing their use
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freezing of economic resources means, under this law, any action intended to prevent the use of economic resources to obtain funds, goods or services of any kind, including the selling, hiring or mortgaging of such funds, goods or services.
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freezing of economic resources means: “The prohibition, as per Community regulations and ministerial decrees under Article 4, of the transfer, provision and/or use of financial resources to obtain, in any way, funds, goods or services, including, sale, leasing, renting or constitution of guarantee rights”;
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Related to freezing of economic resources

  • Broad-Based Black Economic Empowerment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • economic resources means assets of every kind, whether tangible or intangible, movable or immovable, which are not funds, but may be used to obtain funds, goods or services;

  • Broad-Based Black Economic Empower-ment Act means the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

  • Regional economic integration organization means an organization constituted by sovereign States of a given region to which its member States have transferred competence in respect of matters governed by this Convention and which has been duly authorized, in accordance with its internal procedures, to sign, ratify, accept, approve or accede to this Convention;