United States Tightens Sanctions Against Russian Financial, Defense, and Energy Sectors

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.

http://breakingenergy.com/2014/09/17/united-states-tightens-sanctions-against-russian-financial-defense-and-energy-sectors/?utm_source=Breaking+Energy&utm_campaign=e409e1e6c1-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_f852427a4b-e409e1e6c1-407304281