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Russia Sanctions: Options (CRS Report for Congress)

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Release Date July 28, 2014
Report Number IN10117
Report Type Insight
Source Agency Congressional Research Service
Summary:

On March 16, 2014, President Barack Obama declared that the "actions and policies of the Government of the Russian Federation with respect to Ukraine—including the recent deployment of Russian Federation military forces in the Crimea region of Ukraine—undermine democratic processes and institutions in Ukraine; threaten its peace, security, stability, sovereignty, and territorial integrity; and contribute to the misappropriation of its assets, and thereby constitute an unusual and extraordinary threat to the national security and foreign policy of the United States." The President ordered the Treasury Department to block access to assets under U.S. jurisdiction of, and prohibit transactions with, seven Russians considered to be President Putin's close advisors. Treasury, in consultation with the State Department, has continued to add to this list of specially designated nationals; today 64 Russian individuals and entities are identified under the sanctions regime triggered by events in Ukraine.

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