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

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.

Today’s designations include 20 individuals and one bank, Bank Rossiya. According to the United States, the 20 individuals are either Russian government officials or persons who are providing support to senior Russian government officials. Bank Rossiya is the first entity (as opposed to individual) designated under this set of sanctions.

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