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President Signs Ukraine Related Executive Order

The president of the United States has signed a new executive order that prohibits transferring or exporting US property to anyone who is furthering the current situation in the Ukraine. 

http://www.treasury.gov/resource-center/sanctions/OFAC-Enforcement/pages/20140317.aspx

All property and interests in property that are in the United States, that hereafter come within the United States, or that are or hereafter come within the possession or control of any United States person (including any foreign branch) of the following persons are blocked and may not be transferred, paid, exported, withdrawn, or otherwise dealt in. 

The persons listed in the Annex to this order; and any persons determined by the Secretary of the Treasury, in consultation with the Secretary of State: 

1.    To be an official of the Government of the Russian Federation; 
2.    To operate in the arms or related materiel sector in the Russian Federation;
3.    To be owned or controlled by, or to have acted or purported to act for or on behalf of, directly or indirectly: 
a.     A senior official of the Government of the Russian Federation; or 
b.    A person whose property and interests in property are blocked pursuant to this order
4.    To have materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services to or in support of: 
a.    A senior official of the Government of the Russian Federation; or 
b.    A person whose property and interests in property are blocked pursuant to this order
5.    The order also states that entry to the United States is suspended for anyone meeting the above criteria.                                                          

If you would like additional information on this or any other trade compliance matter, please contact Allyn at (239) 489-9900 or you can email us at sales@allynintl.com.

 

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