Blocking Property of Additional Persons Contributing to the Situation in Ukraine
Mar 19, 2014
Signed by: Barack Obama
Signed on: Mar 16, 2014
Published on: Mar 19, 2014
Mar 19, 2014
Signed by: Barack Obama
Signed on: Mar 16, 2014
Published on: Mar 19, 2014
Summary
Expands a national emergency to freeze the assets of and deny U.S. entry to Russian officials and others who are harming Ukraine's peace and safety.
What problem does this solve?
The Russian government's actions, including sending military forces to Crimea, threatened Ukraine's peace, safety, and control over its own country. This order freezes the money and property of certain Russian officials and their supporters in the U.S. and stops them from entering the country.
What does this order do?
Blocks property of specific individuals and groups
Freezes all property and money in the U.S. belonging to certain Russian officials, people in the Russian arms industry, and their supporters.
Suspends U.S. entry for sanctioned individuals
Stops people whose property is blocked by this order from entering the United States, whether as immigrants or visitors.
Reference
Text:
Expands a national emergency
Widens the scope of the national emergency declared in Executive Order 13660, citing Russia's actions in Ukraine as a threat to U.S. national security.
Prohibits certain donations
Bans making or receiving donations of items like food, clothing, and medicine to or from any person whose property is blocked by this order.
Grants authority to the Secretary of the Treasury
Allows the Secretary of the Treasury, working with the Secretary of State, to create rules and take actions needed to enforce this order.
Who does this affect?
- Russian government officials
- Individuals and companies in the Russian arms industry
- U.S. persons with financial ties to sanctioned individuals
What is the real world impact?
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Pressures Russia without military action
Uses economic tools like freezing assets and travel bans to punish Russian officials and their supporters for their actions in Ukraine. This is a way for the U.S. to respond to an international crisis without using soldiers.
When does this start?
The rules in this order went into effect on March 17, 2014.