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EU Court lifts EU freeze on Abdullah Kadi''s funds

BRUSSELS, Sept 30 (KUNA) -- The European Court of Justice annulled Thursday an EU regulation freezing the funds of Saudi citizen Yassin Abdullah Kadi. The Luxembourg-based court said in a statement that the regulation "was adopted in breach of Mr Kadi's rights of defence and constitutes an unjustified restriction of his right to property." Yassin Abdullah Kadi, a Saudi Arabian national, was designated by the Sanctions Committee of the United Nations Security Council in 2001 as being associated with Usama bin Laden, Al-Qaeda or the Taliban, noted the statement.
In accordance with a number of resolutions of the Security Council, all states that are Members of the United Nations must freeze the funds and other financial resources controlled directly or indirectly by such persons or entities. Kadi had sought annulment of the EU regulation.
A spokesperson for the European Commission Maja Kocijancic told journalists in Brussels that the EU's executive body will look into the court ruling and announce its position after that.
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