United States Tightens Sanctions Against Russian Financial, Defense, and Energy Sectors
By Cristina Brayton-Lewis, Richard Burke, Claire DeLelle, Nicole Erb, Genevra Forwood, Tanya Hanna, James R.M. Killick, Sara Nordin, Charlotte Van Haute, Fabienne Vermeeren, Kristina Zissis| White & Case LLP
On
September 12, 2014, the United States issued another round of targeted
sanctions against the Russian financial, defense, and energy sectors.
Today’s measures were a combination of new measures and modifications of
prior measures issued pursuant to Executive Order 13662 (EO 13662),
including:
-
Financial Services Sector – Directive 1 has been modified to further
restrict prohibited “new debt” with a maturity exceeding 30 days.
- Defense Sector – New Directive 3 prohibits “new debt” with a maturity exceeding 30 days issued by listed defense companies.
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