Department of Foreign Affairs and Trade, Australia
D19 12 APRIL 1996

SUSPENSION OF SANCTIONS AGAINST THE BOSNIAN SERB PARTY

Following the action yesterday by the Reserve Bank of Australia, the suspension of all sanctions against the Bosnian Serb party is now given full effect through the operation of Australian laws.

United Nations Security Council Resolution 1022 of November 1995 expressly provided that sanctions should continue to be implemented against the Bosnian Serb party and should not be suspended until the day after the Commander of the International Force reported to the Security Council that all Bosnian Serb forces had withdrawn behind the zones of separation established in the Dayton Peace Agreement.

In a letter dated 26 February 1996 the NATO Secretary-General confirmed the UN Secretary-General that Bosnian Serb forces had withdrawn from the zones of separation established under the Peace Agreement. On 27 February 1996 the Security Council announced that as a result of all conditions having been met for the suspension of sanctions against the Bosnian Serb party those sanctions had been suspended.

The suspension of sanctions against the Bosnian Serb party follows the suspension of sanctions against the Federal Republic of Yugoslavia (Serbia and Montenegro) - the FRY and Croatia in late 1995.

United Nations sanctions imposed as a result of the conflict in the former Yugoslavia will only be formally terminated 10 days after the holding of the first free and fair elections in the Republic of Bosnia and Herzegovina.