By November 27, 20180 CommentsReport

Sri Lanka illegal PM Rajapaksa, coup masters face direct EU, US sanctions

The European Union and US are seriously considering “Individual” type sanctions on Sri Lanka coup plotters as a start before possible economic sanctions arrive next, according to sources close to Western Diplomats in Colombo.

EU’s “Individual Restrictive Measures” type of sanctions involves visa restrictions and asset freezing of individuals who destabilized the target country.

In Sri Lanka’s case, visa restrictions and freezing of assets of new PM Rajapaksa, that of all his cabinet ministers, as well as all MPs, officials and individuals who backed Rajapaksa, likely to be initial salvos in a series possible other sanctions, said sources close to the Diplomats on November 20. If imposed on Rajapaksa’s, Sri Lanka will become the 24th in the EU’s “Individual Restrictive Measures” country-list, having both restrictions.

The sources said even India is likely to join EU’s considerations of “visa restrictions and asset freezing” on Sri Lanka, and follow suit banning Rajapaksa camp travel to India and freezing their assets in India. Even though “Individual Restrictive Measures” type of sanctions involves individuals who destabilized the target country, other types of sanctions affect the entire country.

The “Restrictive Measures” sanctions by EU are of five types-“Diplomatic Measures”, “Individual Restrictive Measures”, “Restrictions on Economic Relations with the Country”, “Economic Sanctions” and “Restrictions on Economic Cooperation”.

The “Diplomatic Measures” pertains to cancelation of summits, negotiations, “Individual Restrictive Measures” are asset freeze and travel restrictions, “Restrictions on Economic Relations with the Country” pertains to import-export bans, investment withholding, and tourism cancellations, “Economic Sanctions” are banning purchase of specific products from specific sectors- Eg ban of Manufacturing products such as apparel, agricultural sector products such as tea and cinnamon, cancellation of tariff free agreements such as GSP Plus and other similar tariff free benefits, and “Restrictions on Economic Cooperation” pertains to withdrawing financing for development projects, funded cooperation activities and project financing.

The EU and US are expected to launch the “Individual Restrictive Measures” type (asset freeze and travel restrictions) on Sri Lanka as a start.

If imposed on Rajapaksa’s, Sri Lanka will become the 24th in the EU’s “Individual Restrictive Measures” country-list, having both restrictions. Among the 23 countries already in EU’s “Individual Restrictive Measures” list is Syria, North Korea, Afghanistan, Iran, Central African Republic, Eritrea and Libya.

Since October 26th, diplomats from EU, US and other major regional powers have continuously urged Sri Lanka’s new ‘government’ to end to the unrest as early as possible, but to no avail.

– Asian Tribune –


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