EU Expands Ukraine-Related Sanctions; U.S. Targets Russian Bank for Aiding Syrian Government; U.S. Updates Sanctions Rules

14 May 2014
View Client Update

Key takeaways:

  • The European Union has expanded the criteria for its Russia/Ukraine sanctions regime, imposing sanctions on a further 13 individuals.
  • For the first time in connection with the Ukraine crisis, the EU has also frozen the assets of two companies, one of which was previously blocked by US sanctions.
  • The United States has issued new regulations clarifying and updating its Syrian and Ukraine-related sanctions programs, and it has frozen the assets of a Russian bank and its chairman under the US-Syria sanctions program.