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Publication of Ukraine-Related Sanctions Regulations


Today, the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued the new Ukraine-Related Sanctions Regulations, 31 CFR part 589, to implement Executive Order 13660 of March 6, 2014 ("Blocking Property of Certain Persons Contributing to the Situation in Ukraine"), Executive Order 13661 of March 17, 2014 ("Blocking Property of Additional Persons Contributing to the Situation in Ukraine"), and Executive Order 13662 of March 20, 2014 ("Blocking Property of Additional Persons Contributing to the Situation in Ukraine").  These regulations were published as a final rule at 79 FR 26365, May 8, 2014. In keeping with its usual practice, OFAC published the regulations in abbreviated form at this time but intends to supplement this part 589 with a more comprehensive set of regulations, which may include additional interpretive and definitional guidance and additional general licenses and statements of licensing policy.
Last Updated: 5/8/2014 12:39 PM