Making Moves: President Obama Signs Executive Order To Freeze Russian Assets (DETAILS)

Posted: March 6, 2014 in Uncategorized

Global Grind

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A day after Russian President Vladimir Putin defended his actions against the Ukraine, President Obama signed an executive order giving his administration powers to freeze U.S.-based financial assets and property of Russian officials responsible for the country’s military intervention in Ukraine.

Press secretary Jay Carney called the executive order “a flexible tool that will allow us to sanction those who are most directly involved in destabilizing Ukraine, including the military intervention in Crimea, and does not preclude further steps should the situation deteriorate.”

The State Department has also expanded its effort to deny visas to those responsible for or complicit in Russia’s actions in the Crimea region. Officials did not, however, name specific individuals who will be targeted or how many would be sanctioned.

According to the Washington Post:

They said the executive order will allow Treasury Department officials to freeze the assets of those who undermine democracy, peace…

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