File- Gamal Mubarak (left), former President Mohamed Hosni Mubarak (middle) and Alaa Mubarak (right)-Youm7 (Archive)
CAIRO - 15 March 2021: After the European Council decided to remove the sanctions that were imposed on the assets of late President Hosni Mubarak’s family since 2011, the family
announced that it is currently considering filing a lawsuit against the Council of the European Union, to demand compensation for “wrongly putting the Mubarak family in the sanctions list, over the past years.”
In an official statement published on al-Watan newspaper on Saturday, the family said that it mandated the British law firm Carter-Ruck to preserve its rights regarding filing lawsuits against the Council of the European Union. The family said that its members had suffered severe damage to its reputation as a result of the illegal inclusion of family members on the European Union sanctions list throughout those years.
On March 12, 2021, the EU Council “decided to revoke the EU framework for sanctions against persons identified as responsible for the misappropriation of Egyptian state funds, and, to that effect, to lift the restrictive measures currently in force against nine Egyptian individuals.”
“Restrictive measures were initially adopted in 2011 and aimed notably at assisting the Egyptian authorities with the recovery of misappropriated state assets,” the statement read.
“The measures consisted of an asset freeze imposed on the assets of the listed individuals located in the EU. In addition, nationals from EU member states and legal entities incorporated in the EU were forbidden from making funds available to those listed, either directly or indirectly. Since 2011, sanctions have been reviewed on an annual basis, with some individuals having been delisted over time” the statement said.
“The EU’s sanctions regime related to the misappropriation of Egyptian state funds served to promote the objectives of the EU-Egypt partnership in the context of the Common Foreign and Security Policy,” the statement added.