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White & Case Ukraine News Update

US Issues Executive Order Prohibiting Crimea-Related Transactions and General License No. 4 Authorizing Humanitarian Exports to the Crimea Region, and Expands Ukraine-Related Designations

White & Case Ukraine News Update

On December 19, 2014, President Obama signed an Executive Order (EO) prohibiting a broad range of transactions related to the Crimea region of Ukraine and authorizing the United States to impose sanctions on certain persons if they are found to operate in the Crimea region. The United States also issued General License No. 4, which authorizes the exportation of certain agricultural commodities, medicine, medical supplies, and replacement parts for medical supplies to the Crimea region. Finally, the United States added new individuals and entities to the List of Specially Designated Nationals and Blocked Persons (SDN List) administered by the US Department of the Treasury's Office of Foreign Assets Control (OFAC) pursuant to existing Executive Order 13660.

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