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ARTICLE · 22 MARCH 2014

Trade Sanctions Imposed In Response To Events In Ukraine

For any Firm clients with interests in Russia or Ukraine, the events of the past several weeks and sanctions imposed by the United States, the European Union (EU), Switzerland, Canada and others may impact their business.

GlobalInternational Law

For any Firm clients with interests in Russia or Ukraine, the events of the past several weeks and sanctions imposed by the United States, the European Union (EU), Switzerland, Canada and others may impact their business.  McDermott's International Trade Group is actively monitoring developments and advising clients on these fast-evolving trade sanctions.  Following is a brief summary of the sanctions imposed to date.

U.S. Sanctions

Last month, the U.S. Department of State issued a visa ban for several Ukrainian government officials.  On March 6, President Obama issued an executive order (EO) authorizing financial sanctions and travel bans against Russian and Ukrainian government officials (EO 13660).  On March 17, he issued another EO extending the sanctions authority to apply to Russian government officials, those involved in the Russian arms industry and those providing material support to the Russian government (EO 13661).  Under that authority, the U.S.

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