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White & Case Ukraine News Update

President Signs Russia Sanctions Law But Does Not Intend To Impose New Sanctions At This Time

White & Case Ukraine News Update

On December 18, 2014, President Obama signed into law the Ukraine Freedom Support Act of 2014 (the "Act"), authorizing sanctions related to Russia's defense, energy, and financial sectors. The Act is the latest in US sanctions emanating from the Ukraine crisis, following the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 and three Executive Orders imposing sanctions on Russian and Ukrainian individuals and entities. The President has indicated in an official statement that he does not intend to impose the sanctions in the new bill at this time, but will instead continue the Administration's current sanctions policy which has been coordinated closely with US allies. The President's statement illustrates the divergent views of the White House and Congress on Russia sanctions policy.

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