Blocking Property of the Governments of the Federal Republic of Yugoslavia (Serbia and Montenegro), the Republic of Serbia, and the Republic of Montenegro, and Prohibiting Trade Transactions Involving the Federal Republic of Yugoslavia (Serbia and Montenegro) in Response to the Situation in Kosovo
Blocks Property and Bans Trade with Yugoslav Governments
What it does
Agencies must block listed Yugoslav governments' property and prohibit most trade and transactions, while allowing limited humanitarian sales under safeguards.
Real-world impact
- Freezes assets and blocks property of listed Yugoslav governments in the United States.
- Bans most exports and imports of goods, technology, software, and services.
- Permits limited sales of food and medicine for civilians under Treasury safeguards.
Topics
Summary
This order blocks and freezes property of the governments of the Federal Republic of Yugoslavia (Serbia and Montenegro), the Republic of Serbia, and the Republic of Montenegro, and prohibits most trade with them. It also bans exports, imports, and many transactions by U.S. persons involving goods, technology, software, and services.
U.S. businesses and individuals, the listed foreign governments, and humanitarian organizations are affected. The Treasury, with the State Department, may allow limited sales of food, medicine, and medical equipment for civilians under safeguards to prevent military diversion. The order responds to the humanitarian crisis in Kosovo.
Questions, answered
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