US gives one month to its companies to stop business with Crimea

31 December 2014 11:32
(QHA) -

US companies have just one month to transfer a share of property to third parties, terminate all the contracts and stop providing operations, services and technologies.

US Treasury clarified the imposed sanctions on 19, December on Crimea and ordered to all its companies to stop business on the peninsula by 1, February 2015.

This is stated in the document of the US Treasury, which had been signed by Adam Shubin, the Director of the Office of Foreign Assets Control (OFAC) of the US Department of the Treasury. Otherwise, the sanctions remain unchanged.

Moscow named the EU and US sanctions as counterproductive. In December, President Barack Obama signed the law, which allows imposing further sanctions against Russia, as well as a package of measures about a complete trade embargo with Crimea.