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

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.

on September 17, 2014 at 4:00 PM