Current Situation in Ukraine (No.2)
7 March 2014 No.666
Members are referred to the previous Japan P&I News No.665 dated 6 March 2014, in which we advised of the situation in Ukraine as well as the sanctions adopted by the EU Council.
The EU published yesterday the Council Regulation No.208/2014, concerning restrictive measures directed against certain persons, entities and bodies in view of the situation in Ukraine. The Regulation can be viewed by the following link.
In addition to the EU sanctions, an Executive Order by the UR President Obama was issued yesterday authorizing the blocking of property and imposition of visa bans on persons threatening stability in Ukraine. Under the Executive Order, the Office of Foreign Assets Control (OFAC) is likely to designate certain former and current Ukrainian officials as Specially Designated Nationals (SDNs). The Executive Order can be viewed by the following link.
Members are advised to check the most up-to-date information before their vessels’ call at Ukrainian ports as the situation in Ukraine may change rapidly.