US and European Union authorise sanctions relating to situation in Ukraine

Citing a threat to the national security and foreign policy of the US, US president Barack Obama signed an executive order (EO) on 6 March 2014, authorising targeted sanctions against persons determined to be contributing to the ongoing situation in Ukraine.

Separately, on 6 March 2014, the Council of the European Union imposed financial sanctions, including asset freezes, against certain persons, entities and bodies in view of the situation in Ukraine.

The EO authorises the imposition of visa restrictions on, and freezing of the US property and financial assets of, persons the US government determines to be responsible for or complicit in undermining democratic processes and institutions in Ukraine; threatening its peace, security, stability, sovereignty and territorial integrity; and contributing to the misappropriation of its assets. The EO also explicitly targets persons who have asserted governmental authority in Crimea without the authorisation of the government of Ukraine, and any person who has materially assisted or provided support for, or goods or services to or in support of, any activity described in the EO…

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