Further Sanctions Designations:
On April 28, 2014, the US Office of Foreign Assets Control ("OFAC") issued further designations under Executive Order 13661 ("EO 13661"). EO 13661, which was signed on March 16, 2014, authorizes the United States to impose sanctions on officials of the Government of the Russian Federation, any individuals or entities that operate in the arms or related materiel sector in the Russian Federation, and any individual or entity that is owned or controlled by, or provides material or other support to any senior official of the Government of the Russian Federation or any person designated pursuant to this order. This round of designations targets seven individuals that according to the United States are in the Russian leadership's inner circle, and seventeen Russian entities deemed closely linked to previously sanctioned members of the inner circle.
Further Export Restrictions:
Additionally, the US Department of Commerce's Bureau of Industry and Security (BIS) announced that, effective immediately, BIS will deny any pending applications to export or re-export any high technology item subject to the Export Administration Regulations (EAR) to Russia or Crimea and contribute to Russia's military capabilities. Existing licenses that meet these conditions also will be revoked.
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