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Notice 12808NoticeClinton · D Quiet signal

Presidential Notice 12808

Continuation of Emergency With Respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) and the Bosnian Serbs

President Clinton continued the national emergency declared in 1992 regarding Serbia and Montenegro and the Bosnian Serbs, extending sanctions-related authorities beyond their scheduled May 30, 1997 expiration. The continuation preserves blocking of certain assets with claims or encumbrances until the Peace Agreement is fully implemented and remaining property statuses are resolved.

Federal Register Open PDF 62 FR 29283

Impact dates

  1. Original emergency expiration date; continuation extends beyond this date

  2. Unblocking of five Yugoslav vessels in US ports

  3. UNSCR 1074 terminated sanctions

  4. Sanctions on Bosnian Serbs suspended prospectively

  5. Sanctions on Serbia and Montenegro suspended prospectively

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

Shipping & logisticsOther industrial

Mechanisms

Ban / prohibitionLicensing

Role pressure

  • AdverseTrading-partner exporter — Yugoslav/Serb entities remain subject to asset blocking and trade restrictions; five vessels unblocked but broader sanctions framework persists
  • MixedDomestic producer — US persons remain prohibited from certain trade-related transactions with Bosnian Serb-controlled areas; limited relief from suspended sanctions

Geographies

USOTHER

Exposure dates

  • — Unblocking of five Yugoslav vessels in US ports

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MCATCaterpillarLNGCheniere EnergyDACDanaosFCXFreeport-McMoRanGEVGE VernovaHONHoneywellMATXMatsonSPYSPDR S&P 500 ETFZTOZTO Express

Confidence: medium · Policy alerts

Key directives

  • Continue national emergency with respect to Serbia and Montenegro and Bosnian Serb forces beyond May 30, 1997
  • Maintain blocking of property subject to claims and encumbrances until resolved under applicable law
  • Publish notice in Federal Register and transmit to Congress

Who is ordered

Timeline

Immediate

  • Emergency authority continues beyond May 30, 1997
  • Five Yugoslav vessels unblocked effective May 19, 1997

Near term (90d)

  • Resolution of remaining blocked property status
  • Implementation of Peace Agreement terms

Long term

  • Final unblocking of all assets subject to claims and encumbrances
  • Full implementation of Dayton Peace Agreement

Risks & tensions

  • Peace Agreement implementation remains incomplete; emergency used as leverage
  • Blocked asset claims by successor states could prolong emergency indefinitely
  • Tension between UN sanctions termination and US unilateral emergency continuation
Presidential Notice 12808: Continuation of Emergency With Respect to the Federal Republic of Yugoslavia (Serbia and Montenegro) and the Bosnian Serbs · Executive Orders