Blocking Property of Certain Persons and Prohibiting Certain Transactions With Respect to the Crimea Region of Ukraine

2014-12-24Executive Order 13685
Signed by: Barack Obama
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Headline: Blocks United States Investment and Transactions Related to Crimea Region

What it does: Agencies must block property and bar United States persons from investing in, trading with, or financing activities in the Crimea region.

Real World Impact:
  • Stops new investment by United States persons in Crimea.
  • Bans import into United States of goods, services, or technology from Crimea.
  • Freezes property and blocks financial transactions of listed persons.
Topics: economic sanctions, Crimea and Ukraine, trade restrictions, travel and asset bans

Summary

This order blocks property and bans certain transactions connected to the Crimea region of Ukraine. It forbids new investment in Crimea, imports from or exports to Crimea, financing or facilitating such transactions, and donations or travel by people designated under the order.

The rules affect United States persons and any individuals or organizations operating in or supporting activities in Crimea. The order responds to the Russian occupation of Crimea and authorizes the Treasury Secretary and other government agencies to enforce the restrictions.

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