{"id":7323,"date":"2024-01-04T16:58:28","date_gmt":"2024-01-04T15:58:28","guid":{"rendered":"https:\/\/www.zpcsrl.com\/?p=7323"},"modified":"2024-01-04T16:58:28","modified_gmt":"2024-01-04T15:58:28","slug":"russia-new-restrictive-measures-imposed-by-usa-and-eu","status":"publish","type":"post","link":"https:\/\/www.zpcsrl.com\/en\/russia-new-restrictive-measures-imposed-by-usa-and-eu\/","title":{"rendered":"Russia: new restrictive measures imposed by USA and EU"},"content":{"rendered":"

\"\"Here are the latest updates on the sanctions imposed by the United States and the European Union against Russia.<\/p>\n

United States<\/b><\/h3>\n

\u00a0<\/b>On December 22, 2023, US President Biden issued the Executive Order 14114<\/b><\/a> (“Taking Additional Steps With Respect to the Russian Federation\u2019s Harmful Activities”<\/i>) amending the existing E.O. (Executive Orders) targeting certain sectors of the Russian economy <\/b>in the light of the ongoing war against Ukraine, i.e E.O. 14024 of 15 April 2021 (“Blocking Property With Respect To Specified Harmful Foreign Activities of the Government of the Russian Federation”<\/i>) and E.O. 14068 of 11 March 2022 (“Prohibiting Certain Imports, Exports, and New Investment With Respect to Continued Russian Federation Aggression”). <\/i><\/p>\n

The E.O. of 22 December granted the US Treasury Department additional authority <\/b>to impose sanctions <\/b>on foreign financial institutions <\/b>that directly or indirectly assist Russia\u2019s military-industrial base.<\/p>\n

Amendments to the E.O. 14024<\/b><\/h3>\n

In particular, the new amendment to E.O. 14024 authorises the imposition of US sanctions <\/b>(“secondary sanctions”) on foreign financial institutions<\/b> upon determining that the foreign financial institution:<\/p>\n

    \n
  1. has conducted<\/b> or facilitated<\/b> any significant transaction<\/b> on behalf of persons designated<\/b> to operate or have operated in the following key sectors of the Russian economy supporting the country\u2019s military-industrial base: technology, defence and related materials, construction, aerospace, manufacturing or other sectors which the Treasury considers to be part of the military-industrial base; or<\/li>\n
  2. has conducted<\/b> or facilitated <\/b>any significant transaction<\/b> or provide services involving the Russian military-industrial base<\/b>, including the sale, supply or transfer, directly or indirectly, to Russia of items identified by the Treasury<\/b><\/a>.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    Here are the latest updates on the sanctions imposed by the United States and the European Union against Russia. United States \u00a0On December 22, 2023, US President Biden issued the Executive Order 14114 (“Taking Additional Steps With Respect to the Russian Federation\u2019s Harmful Activities”) amending the existing E.O. (Executive Orders) targeting certain sectors of the […]<\/p>\n","protected":false},"author":2,"featured_media":7319,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[208,169,206,71,163,255],"class_list":["post-7323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-anti-circumvention","tag-european-union","tag-russian-federation","tag-sanctions","tag-unione-europea-en","tag-usa-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/posts\/7323","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/comments?post=7323"}],"version-history":[{"count":1,"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/posts\/7323\/revisions"}],"predecessor-version":[{"id":7324,"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/posts\/7323\/revisions\/7324"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/media\/7319"}],"wp:attachment":[{"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/media?parent=7323"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/categories?post=7323"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zpcsrl.com\/en\/wp-json\/wp\/v2\/tags?post=7323"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}