On 19 December 2014, President Obama issued Executive Order 13685 which with immediate effect prohibits the following activities:
- new investments in Crimea by a US person wherever located;
- the import into the US of goods, services or technology from Crimea
- export of goods, services or technology to the Crimea from the US or by a US person wherever located; and
- provision of any approval, financing, facilitation or a guarantee by a US person in connection with a transaction by a foreign person where the transaction by that foreign person would be prohibited under the Executive Order if performed by a US person or a person within the US.
It also authorizes the blocking of persons determined to “operate” in Crimea or to be “the leader of an entity” operating in Crimea.
A copy of the Executive Order can be downloaded from the link set out below.
