there have been so many embargoes against Serbia in the 1990s that it is hard to keep track...
May 1992, UN imposed sanctions that included trade embargo, travel & transport ban, and freezing bank accounts abroad (suspended at time of 1995 Dayton Accords)...
late 1996, EU initiated arms embargo against Yugoslavia...
March 1998, UN imposed arms embargo (at behest of so-called Contact Group of US, Britain, France, Germany, Italy, Russia) that superseded EU embargo...
April 1998, EU introduced moratorium on gov't financed export credit support for trade and investment (including privatizations) in Serbia and froze funds held abroad by Yugoslavian and Serbian governments...
June 1998, EU banned all new investment in Serbia by member countries and prohibited flights by Yugoslavian airlines between Yugoslavia and EU...
May 1999, Clinton signed executive order imposing US trade embargo on Yugoslavia (actually Serbia because Montenegro was exempted)...
the 1992-95 UN sanctions effectively crippled the economy, resulting in long food lines, hyper-inflation, and black marketeering, conditions from which recovery never occurred... Michael Hoover