Blocking Property of Additional Persons Contributing to the Situation in Ukraine

2014-03-24Executive Order 13662
Signed by: Barack Obama
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Headline: Blocks Property and Bans Transactions With Russian-Linked Persons

What it does: Agencies must freeze and block property, bar transactions, and suspend entry for persons tied to specified Russian sectors or supporting blocked parties.

Real World Impact:
  • Freezes assets of people and companies tied to targeted Russian economic sectors.
  • Prohibits U.S. persons from providing funds, goods, or services to blocked parties.
  • Suspends entry to the United States for foreign nationals meeting blocking criteria.
Topics: sanctions, Russia-Ukraine, economic policy, immigration restrictions, national security

Summary

This order expands a national emergency and blocks property and transactions involving certain people and companies tied to the situation in Ukraine.

It directs U.S. authorities to freeze assets and bar transactions with people the Treasury, after consulting the Secretary of State, identifies.

Those identified include people operating in Russian financial, energy, mining, engineering, or defense sectors, people who support blocked parties, and foreign nationals who will be denied entry.

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