Ukraine – EU imposes asset freeze on members of former government and issues a statement in relation to Russia; US introduces Executive Order permitting the blocking of assets
The EU and US have both recently taken steps to respond to recent events in Ukraine. On 5 March 2014, the EU introduced an asset freeze applying to former President Yanukovych and other former government officials and persons associated with the former government. The UK has introduced domestic legislation criminalising breaches of this asset freeze. The EU also held an emergency Heads of State meeting on 6 March. The conclusions from that meeting indicate that there is a possibility of EU sanctions being imposed on Russia in the absence of negotiations between Russia and Ukraine which produce results within a limited timeframe. Also on 6 March the US introduced an Executive Order which would permit the imposition of an asset freeze and visa bans although no companies or individuals have yet been designated.
For more information, please click here for our bulletin on these sanctions.
Key contacts
Andrew Cannon
Partner, Head of International Arbitration, London, Paris, India Group, Nordic Group, Africa Group, Kazakhstan Group, Ukraine Group and Central Asia Group
Christian Leathley
Partner, Head of International Arbitration, US, London, New York and Latin America Group
Dr Patricia Nacimiento
Partner, Germany, Central Asia Group, Kazakhstan Group, Latin America Group and Ukraine Group
Amal Bouchenaki
Partner, New York, Latin America Group and Africa Group
Laurence Franc-Menget
Partner, Paris and Africa Group
Gitta Satryani
Managing Partner, Singapore Office, Singapore
Lode Van Den Hende
Consultant, Brussels and London
Hannah Ambrose
Partner, London, Ukraine Group and Africa Group
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