council regul ec octob amend regul ec specif restrict econom financi relat iraq council european union regard treati establish european commun articl thereof regard council common posit cfsp juli iraq amend common posit cfsp regard propos commiss resolut secur council council adopt regul ec juli specif restrict econom financi relat iraq inter alia make provis freez measur target govern iraq state entiti measur enter forc juli review relev text led conclus resolut requir freez measur appli fund econom resourc ministri public entiti locat iraq date left iraq date view ban make fund econom resourc public entiti iraq impair function entiti unnecessarili hamper reconstruct iraq reconsid result clarif export relat incom payment made public bank list relev annex regul ec redund resolut present freez fund econom resourc step process lead transfer thereof develop fund iraq exempt fund econom resourc subject lien judgment establish render prior process maintain freez measur suitabl fund econom resourc concern explicitli exempt requir transfer fund note absenc freez requir prejudic applic normal rule recognit enforc arbitr foreign judgment exempt grant respect judgment render breach council regul ec decemb prohibit satisfi iraqi claim regard contract transact perform affect unit nation secur council resolut relat resolut amend relat interpret resolut give retroact effect date regul ec enter forc adopt regul articl regul ec amend articl replac quot articl fund econom resourc previou govern iraq public bodi corpor includ compani establish privat law public author major control stake agenc govern identifi sanction committe list annex iii frozen locat iraq date fund econom resourc belong own held person identifi sanction committe list annex iv frozen presid saddam hussein senior offici regim member famili legal person bodi entiti own control directli indirectli person refer natur legal person act behalf direct fund made directli indirectli benefit natur legal person bodi entiti list annex iv econom resourc made directli indirectli benefit natur legal person bodi entiti list annex iv enabl person bodi entiti obtain fund good servic quot articl paragraph delet articl replac quot articl derog articl compet author member state list annex authoris releas frozen fund econom resourc condit met fund econom resourc subject judici administr arbitr lien establish prior judici administr arbitr judgment render prior date fund econom resourc exclus satisfi claim secur lien recognis valid judgment limit set applic law regul govern right person claim satisfi claim breach regul ec recognis lien judgment contrari public polici member state concern circumst fund econom resourc proce econom resourc frozen pursuant articl unfrozen purpos transfer develop fund iraq held central bank iraq condit set unsc resolut quot titl annex replac quot list compet author refer articl quot articl regul enter forc dai public offici journal european union appli juli regul bind entireti directli applic member state luxembourg octob council presid frattini oj page offici journal oj oj