On 12 March, the EU lifted sanctions against nine Egyptians alleged to have been responsible for the misappropriation of Egyptian state funds and unfroze the suspected proceeds of corruption, claiming that "the regime had served its purpose".
The sanctions were imposed ten years ago, in 2011, with the stated purpose of helping the Egyptian authorities recover misappropriated state assets.
This action follows another EU decision, earlier in March, to reduce the number of people sanctioned for misappropriation of Ukrainian state funds, and the UK’s decision not to roll over any EU sanctions into its own post-Brexit sanctions regime.
