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White & Case Ukraine News Update

US Designates Additional Individuals and Russian Bank under Ukraine-Related Sanctions and Issues Third Executive Order Targeting Sectors of Russian Economy

White & Case Ukraine News Update

On March 20, 2014, the United States issued a second wave of designations under Executive Order 13661 published on March 17, 2014 ("EO 13661"), which authorized sanctions on officials of the Government of the Russian Federation, persons operating in the arms or related materiel sector in the Russian Federation, and persons providing specified support to any senior official of the Government of the Russian Federation or any person designated pursuant to EO 13661.

President Obama also signed a third Executive Order on March 20, 2014 ("March 20 EO") expanding on EO 13660 and EO 13661. The March 20 EO authorizes the United States to impose sanctions on persons operating in particular economic sectors in Russia and those providing specified support or assistance to persons who may be designated under this order.

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