On 11 April 2014, the US Treasury Department’s Office of Foreign Asset Control (“OFAC”) sanctioned seven individuals and one company as part of the United States’ ongoing response to recent events in Ukraine. These parties were designated under the authority of Executive Order 13660, which targets individuals and entities that undermine democratic processes and institutions in Ukraine, that threaten the sovereignty or territorial integrity of Ukraine, that misappropriate assets of the Ukrainian state or that assert unauthorised governmental authority over any part of Ukraine.
Six of the individuals were designated for their roles in Russia’s annexation of Crimea, and the seventh individual was designated for his appointment as the de facto head of the Security Service in Crimea. One of the designated individuals is a former Ukrainian official and the other six are Crimeans. The designated entity, Chernomorneftegaz, holds assets seized by the Crimean Parliament from Ukraine’s state-owned gas company, including drilling rigs off Crimea’s west coast and in the Sea of Azov.
In total, the United States has designated 38 individuals and two entities under Ukraine- related sanctions.