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.