L 11/36 Official Journal of the European Union 15.1.2011 COUNCIL DECISION 2011/18/CFSP of 14 January 2011 amending Council Decision 2010/656/CFSP renewing the restrictive measures against Cote d’Ivoire THE COUNCIL OF THE EUROPEAN UNION, Having regard to the Treaty on European Union, and in particular Article 29 thereof, Whereas: (1) On 29 October 2010, the Council adopted Decision 2010/656/CFSP  renewing the restrictive measures against Cote d'Tvoire (7). On 13 December 2010, the Council emphasised the importance of the Presidential election held on 31 October and 28 November 2010 for the return of peace and stability in Cote d'Ivoire and declared it to be imperative that the sovereign wish expressed by the Ivorian people be respected. On 17 December 2010, the European Council called on all Ivorian leaders, both civilian and military, who have not yet done so, to place themselves under the authority of the democratically elected President, Mr Alassan Quattara. On 22 December 2010, the Council adopted Decision 2010/801/CFSP (3) amending Decision 2010/656/CFSP in order to impose travel restrictions against those who are obstructing the process of peace and national recon- ciliation, and in particular those who are jeopardising the proper outcome of the electoral process. On 14 January 2011, the Council adopted Decision 2011/17/CFSP (°) amending Decision 2010/656/CFSP in order to include additional persons in the list of persons subject to travel restrictions. In view of the seriousness of the situation in Cote d’Ivoire, additional restrictive measures should be imposed against those persons. Moreover, the list of persons subject to the restrictive measures set out in Annex II to Decision 2010/656/CFSP should be amended and the information relating to certain persons on the list should be updated, () OJ L 285, 30.10.2010, p. 28. (3 OJ L 341, 23.12.2010, p. 45. () See page 31 of this Official Journal. HAS ADOPTED THIS DECISION: Article 1 Decision 2010/656/CESP is hereby amended as follows: 1. Article 5 is replaced by the following: ‘Article 5 1.  All funds and economic resources owned or controlled directly or indirectly by: (a) the persons referred to in Annex I designated by the Sanctions Committee and referred to in Article 4(1)(a), or held by entities owned or controlled directly or indirectly by them or by any persons acting on their behalf or at their direction, as designated by the Sanctions Committee; (b) the persons or entities referred to in Annex II who are not included in the list in Annex I and who are obstructing the process of peace and national recon- ciliation, and in particular who are jeopardising the proper outcome of the electoral process, or held by entities owned or controlled directly or indirectly by them or by any persons acting on their behalf or at their direction, shall be frozen. 2. No funds, financial assets or economic resources shall be made available, directly or indirectly, to or for the benefit of persons or entities referred to in paragraph 1. 3. Member States may allow for exemptions from the measures referred to in paragraphs 1 and 2 in respect of funds and economic resources which are: (a) necessary for basic expenses, including payments for foodstuffs, rent or mortgage, medicines and medical treatment, taxes, insurance premiums, and public utility charges; (b) intended exclusively for the payment of reasonable professional fees and the reimbursement of incurred expenses associated with the provision of legal services;