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White & Case Ukraine News Update

Ukraine Sanctions and Aid Bill Passes into Law

White & Case Ukraine News Update

On April 3, 2014, President Obama signed into law the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Ukraine Act of 2014 (the "Act"). The Act supplements the three Executive Orders authorizing sanctions on Ukrainian and Russian individuals and entities signed on March 6, 17 and 20, 2014. It authorizes the President to impose sanctions on persons deemed responsible for violence or undermining the peace, security, stability, sovereignty, or territorial integrity of Ukraine, and on persons in the Russian Federation determined to be complicit in or responsible for significant corruption in Ukraine or the Russian Federation. It also provides for aid to Ukraine, and requires an annual report on military and security developments involving the Russian Federation.

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