Blocking Property of Certain Persons Contributing to the Situation in Ukraine

Mar 10, 2014

Summary

Stops people who threaten Ukraine's peace from using their money in the U.S. and from entering the country.

What problem does this solve?

Some people were working to weaken Ukraine's government and take its property, creating a threat to U.S. national security. This order freezes their money and property in the U.S. and blocks them from entering the country to stop these harmful actions.

What does this order do?

Declares a national emergency

States that the situation in Ukraine is an unusual and extraordinary threat to the national security and foreign policy of the United States.

Blocks property and assets

Freezes all property and money in the U.S. belonging to individuals or groups found to be harming Ukraine.

Suspends entry into the United States

Bans any person targeted by these sanctions from entering the U.S., either as an immigrant or a visitor.

Defines who can be sanctioned

Lists the reasons a person can be sanctioned, such as undermining democracy, threatening peace, or stealing state assets in Ukraine.

Authorizes the Treasury Department to act

Gives the Secretary of the Treasury the power to make rules and take actions needed to enforce the order.

Prohibits helping sanctioned persons

Forbids providing money, goods, or services to any person whose property is blocked by this order.

Who does this affect?

Individuals and entities undermining Ukraine's stability
U.S. persons and financial institutions

What is the real world impact?

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Applies diplomatic and economic pressure

Uses financial sanctions as a tool to punish and discourage actions against Ukraine's sovereignty without using military force. It targets specific individuals and groups responsible for the crisis.

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Asserts U.S. foreign policy

Demonstrates U.S. opposition to the undermining of Ukraine's government and territorial integrity. It signals to the international community that the U.S. will take action against such behavior.

When does this start?

This order became effective on March 6, 2014.