On March 06, 2014, the U.S. Department of Treasury issued a press release announcing the President’s signing of an Executive Order to allow U.S. sanctions for “any individual or entity that is responsible for or complicit in actions or policies that undermine democratic processes or institutions in Ukraine or that threaten the peace, security, stability, sovereignty, or territorial integrity of Ukraine. “

The release further explains that the order “allows the United States to sanction persons who are involved in the misappropriation of state assets of Ukraine or have asserted governmental authority over any part or region of Ukraine without the authorization of the Government of Ukraine.”

Expeditors will continue to monitor the situation and provide updates as they occur.

The press release can be accessed here