Ukraine Crisis: US and EU Respond with Targeted Sanctions

A US Executive Order authorizes blocking property and the EU freezes assets of 18 individuals.

In response to the political crisis in Ukraine, the United States and the European Union have initiated a series of targeted sanctions against certain individuals. These measures remain to be fully implemented, and could be followed by additional sanctions in the days ahead.

On March 6, 2014, the EU froze the assets of 18 individualsExecutive Order (EO) authorizing the Secretary of the Treasury to block property of persons that “undermine democratic processes and institutions in Ukraine” or contribute to the “misappropriation of Ukraine’s assets.” The US Department of the Treasury has neither issued a list of targeted individuals, nor has indicated whether or not the Treasury Department will track or duplicate the EU’s list of designated persons.

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